More tough news for U.S. jobs… what you need to know in today’s BLS employment report…Dow setting records left and right… two historic looks at just how lousy 2009 has been…Chris Mayer on the next megatrend… far bigger than the current crisis…Chuck Butler explores “a strange thing happening in currencies”…Plus, a reader exposes our “simple-minded,” “right-wing babbling” for what it is… at last…

Ambec Bombs in First Quarter; Liberty Mutual to Buy Safeco for $6.2 Billion; Ballmer Ready to Walk on Yahoo Bid; Mortgage Applications Plummet; Rice in Short Supply; Communication Shares Jump on Rosy Outlook.

“A full 3% of U.S. homes could go into foreclosure before the housing meltdown is over, according to a new report from the Pew Charitable Trusts,” says Dave Goingam.

“That’s 1 out of every 33. In Nevada, it’ll be more like 1 out of 11.”

“The forecast is based on data from the Mortgage Bankers Association and the Center for Responsible Lending.”