Friday, June 1, 2012

More economic observations and warnings

Karl Denninger writes: 
The European economy is in the toilet and China is rolling over. So is the United States. We used our powder and ball; it's gone.
The whole post is here.  And while you're at it, check out Denninger's parsing of today's unemployment numbers.

It's not just Denninger. I posted an outlook from Raoul Pal last night. And here's this morning's take from the Weiss newsletter Money and Markets.

Ugly stuff, eh?

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