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Economics and Investing:

Bill R. and El Jefe Jeff E. sent us the latest Friday Follies news: Banks shut in Florida, Missouri, New Mexico, Oregon, and Washington [1].

GG sent this Christian Science Monitor piece: China: the world’s next great economic crash [2]

Items from The Economatrix:

World Bank Sees Risk of Recovery Losing Steam [3]

UK: Markets Panicked About Inflationary Spiral [4]

UK: Families Face Years of Pain, Says Bank [5]

Empty Office Spaces Soar in Downtown Seattle

Bank of America Loses $5.2 Billion in Fourth Quarter of 2009 [6]

FHA Raises Fees, Tightens Loan Standards [7]

2009 US Airline Revenue: Worst Plunge on Record [8]