Wal-mart: Scenes from the economic front lines. They report that shoppers are using less credit and spikes of purchases occur around pay periods, including purchases of baby formula.
Fed offers $540bn to prop up money funds. This makes me a teensy bit nervous. Like, are they assuming more money market funds will break the buck?
42% of California Bay Area sales are foreclosures. The Bay Area was supposed to be the bright spot of California real estate too. Not any more.
But bear in mind that this just stops the credit markets from collapsing; the real economy is still rushing downhill.