Economics and Investing:

Reader KAF forwarded this: U.S. Budget Deficit Hit Record $1.4 Trillion in 2009

Illinois State Comptroller Dan Hynes Says State Finances A Mounting Crisis, Things Getting Worse. (Thanks to Jeff B. for the link.)

Matt in Tennessee alerted us to this video clip from Gerald Celente: The Dollar is Finished. And, BTW, Peter Schiff agrees. He announced “The carry trade [in US Dollars] is on!”

Items from The Economatrix:

Roubini: Housing Market Hasn’t Bottomed Yet

Treasuries Fall After Weaker-Than-Average Demand at Bond Sale

US Budget Deficit Balloons to $1.4 Trillion

Questions Remain About Iceland’s Banking Collapse

Latvia Threatens Foreign Banks with Huge Losses

Gold Hits New Record High for Third Day as Funds Move In

New Monetary Target: The Fed Under Fire

Dry Guide to “Recovery” (The Mogambo Guru)

Apartment Vacancy Rate Hits 23-Year High

Gold: Three Reasons Why the Price Will Go Higher