Over in the UK, where the economy is already shrinking, Ben Traynor looks ahead to the world after this downturn. He sees three major changes to the future global economy: 1) A larger role for governments. 2) Less efficient capital allocation. 3) More protectionism, especially in the US, with disastrous consequences for the dollar.

It is in exactly times like these that Washingtion likes to pass under-the-radar legislation. Dave Gonigam says some ideas floated at a Congressional hearing on 401(k) and pension plans should sound alarm bells among investors. This form The Daily Reckoning’s Desidooru Saloon blog…

Eric Fry says his investment strategy is based on a simple formula: “Sell the dollar, sell the dollar and sell the dollar.” And as the buck gets whacked, so will American stocks and bonds. On the other hand, foreign assets and commodities should soar…

It’s inflate or die for Western capitalism,” says The Sovereign Society investment director, Eric Roseman. It may take a while but, according to Eric, Hank Paulson’s attempt to rescue the financial system will send inflation soaring and the US dollar tumbling.

The shorter hold times are serving well, and I'll continue to pull what I can from this strategy. Likewise, diving only in deeper pools is keeping fills reasonable. With quicker trading, one cannot afford much slippage, so keep that in mind before every trade...

Ben Bernanke and Hank Paulson are planning the biggest bailout of financial markets in history. It could cost the taxpayer somewhere in the region of $1 trillion. But the market will triumph over the interventionists, says Bill Bonner.

The federal budget deficit hasn’t received a lot of press lately, what with all the worries about the U.S. financial system, the home mortgage market, and the rescues that might be necessary to save both.

If you have money in the US banking system, Commodity Trend Alert editor Eric Roseman recommends you put it instead in Treasury bills or exchange traded funds (ETFs) that invest in short-term Treasury securities like SHV or SHY.