Economics and Investing:

Reader D.D. spotted this: A [GM} Bond Bustin’ Worry

From Michael W.: Why gold prices will keep rising – MSN Money

Also from Michael W.: What’s a P/E? (And nine other ‘dumb’ questions) Michael’s comment: “The author of this article is too funny, especially when he talks about gold and survivalists. He just does not get it”

Items from The Economatrix:

Wall Street Begins 2Q Slightly Higher

GOP’s Alternative Budget Seeks to Undo Stimulus Spending

G-20 Protesters Break Into Royal Bank of Scotland

US, UK Fiscal Deficits Cast Long Shadow Over Recovery

US Property Prices Down 29% and Still Dropping Fast

Chinese Manufacturing Sector Worsens

S. Korean Exports Down 21.2%

UK Has Run Out of Money to Pump into the Economy

UK: Interest Rates Set to Soar, Warns Bank’s Chief Economist

Global Economy Set for Record Fall in 2009

Surge in Global Unemployment Due

Collapse of Crude Prices Heralds Wave of Oil Industry Consolidation

Obama Threatens US Automakers with Bankruptcy

“Perfect Storm” Puts All Types in Financial Peril

Obamarket Update #51: The Quarter Ends and Our Leaders are Playing Quarters

We Still Owe the Rich (The Mogambo Guru)

The New Deal Dollar and the Obama Dollar