Consumer Retrench

Gary Shilling: Stock Market Will Crash as US Consumers Retrench
500,000 Will Exhaust Unemployment Benefits by September, 1.5 Million by Year-end
As Boom Times Sour in Vegas, Upward Mobility Goes Bust
Summers urges Banks to Lend Mores, Says Recovery Pace 'in doubt.'
Americans Pay Back Debts Most Since '52 as Jobless Spur Savings - Smart people. You don't want to enter this depression in debt.
More bodies go unclaimed as families can't afford funeral costs - Sounds like a good plan! I mean, they're dead anyway right?
Subprime brokers mutate into loan fixers
Tough Times for Dairymen
Why the economy won't recover soon
USPS May be Unable to Make Payroll in October and Retiree Health Plan Costs, Union Says
White House Putting Off Release of Budget Update The 2009 Deficit is $2 Trillion--Four times that of 2008!
As Economy Bites, White House Delays Budget Review
Faber: Next Stimulus Will Be Worse
Imminent Erosion of US Dollar Seawall
Rogers: America Bordering on Communism "Let's be honest about what this is: an attempt to hide a record-breaking deficit"
Cost of Bailout to US: $24 Trillion Maximum exposure could be $80,000 for every American
Examples of How Tax Increases Could Hit the Rich
US Commerce Chief Worried About Firms' Liquidity "Could cause small, medium manufacturers to go out of business."
United Airlines Set to Cause Financial Turbulence "Looks to raise ticket prices for thousands of fliers" and "stop taking credit cards for travel from certain travel agencies."