Economics and Investing:

Greg C. flagged this: Retail sales dip unexpectedly, jobless claims rise. Greg’s comment: It is amazing how they still keep trying to spin this [continuing decline] as a “recovery.”

Bobbi-Sue sent this Der Spiegel piece: Global Banking Economist Warned of Coming Crisis.

Thanks to Heather for sending this: US sugar supplies ‘running out’ US food manufacturers call for an easing of sugar import limits, saying they fear the country may run out of supplies.

Items from The Economatrix:

The Problem with Sticking it to Your Creditors

Panel Warns Smaller Banks Face Whole-Loans Threat

“We” Broke The Bank

Bleak Sales are Another Reality Check for Economy

Climate Bill Could Cost Two Million Jobs

Jim Willie warns: Pressure (Countdown) to Breakdown [JWR Notes: Some of what Willie posits are unsubstantiated rumors, so digest it accordingly.]

California to Stop Issuing IOUs

Fed Reverses Plan to Buy US Debt [JWR adds: Monetization must be done more stealthily, to prevent an uproar.]