From frequent content contributor GG: China holds sway over US Dollar [1] “The U. S. should be afraid, very afraid. China is questioning the dollar’s status as a reserve currency and, at US $1,000 an ounce, gold has become the world’s de facto currency.” – John Ing, Maison Placements in Canada
Mike S. suggested a piece titled “Obsessive Housing Disorder” on Michelle Malkin’s blog [2], that describes the history of our dysfunctional housing market.
HPD sent us a link to a piece by economic commentator Mish Shedlock: If You’re Not Petrified of Obama, You’re Not Paying Attention [3]
Items from The Economatrix:
AP Economic Stress Index: Measuring Financial Strain By County [4]
US Backing for World Currency Stuns Markets [5]
Goldman’s $10 Billion Payback [6]
House Price Drops Leave More Underwater [7]
Stocks Jump on House, Bank Optimism [8]
Asia will author its own destruction if it triggers a crisis over US bonds [9]
Investors: Bull Market Has No Legs [10]
From Marc Faber: Lookout! Capitalism Dead. US Going Bankrupt. There Is Going To Be War [11]
Long and Short of Bond Insanity [12] (The Mogambo Guru)