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Economics and Investing:

Frequent content contributor GG spotted this piece over at Zero Hedge: The Fed Is Preparing Quantitative Easing 2.0, MBS-Only Edition [1]

El Jefe Jeff E. sent this: Pending Home Sales Tumbled in November [2]

Joan mentioned this at Zero Hedge: US Avoids Technical Default By Three Days [3]

Items from The Economatrix:

Robert Rubin: All Hell Could Break Loose Because of Huge Government Debt [4]

Something Evil This Way Comes

Mortgage Demand Near Six-Month Low as Rates Jump [5]

Private Sector Sheds 84,000 Jobs in December

If The Fed Missed that Bubble, How Will it See a New One? [6]

ECB’s Stark: No Bailout for Greece [7]

GMAC Sees $5 Billion Fourth Quarter Loss After Latest Bailout [8]