Economics and Investing:

Morrie recommended a web page that he found by way of Dan Denninger’s site: Move Your Money.

SJR spotted this: Government moves closer on fresh aid to GMAC

El Jefe Jeff E. sent this: Economists React: Prices Have Further to Fall.

Also from Jeff come this in The Wall Street Journal: State, Local Tax Revenues Decline 7%

Items from The Economatrix:

Government Gives GMAC $3.8 Billion in New Aid, Boosts Stake

Chinese Firm Says it Won’t Pay Goldman on Derivatives Losses

Banks Bundled Bad Debt, Bet Against It, and Won

World Stock Market Rally Seizes Up

Consumer Confidence Up, House Prices Stall

The Day The Dollar Died (Part 10): The Dented Crown and Worthless Pound

Gold Rush Grips China as People on Buying Spree

Zero Corner, Debt Costs and Isolation

29 Foreigners Send a Message: Your Debt Instruments Suck!