Economics and Investing:

A recent headline grabbed my attention. It mention the “bottoming” or real estate price. That made me chuckle, because we are nowhere near the bottom yet. I did some searching, and I found a chart posted last year at the Calculated Risk blog. If you thought the subprime mortgages caused a lot of foreclosures, just wait until the Option-ARM resets peak in 2011. Methinks that things are going to get a lot worse before they get better.

Reader HPD mentioned this at Forbes that quotes Peter Schiff: CPI Rises Despite U.S. Recession

GG sent this: Merkel adviser warns US on inflation spiral

Items from The Economatrix:

House Approves Bill to Slap 90% Punishing Taxes on AIG Bonuses

France Braced for Huge Street Protests Over Economic Crisis

The Federal Reserve is Now Playing a High-Risk Game with Inflation

AIG Will Not Exist in Four Years, Says Chairman

Gold Futures Rise to 4% on Fed Announcement

Fed Launches $1.2 Trillion Effort to Revive Economy

Consumer Prices Rise 0.4% In February

Rogers: US Bailouts Add Risk to Depression

Dollar Crisis in the Making (Pt 3): China Inoculates Itself Against Dollar Collapse

Value Cross-over (The Mogambo Guru)