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Economics and Investing:

George Gordon (“GG”) sent this news item: Largest-ever federal payroll to hit 2.15 million [1]

Also from GG comes this link to a Seeking Alpha piece: U.S. Economy: Don’t Worry, Prosperity Is Just Around the Corner [2]

Yet another from GG: Rising FHA default rate foreshadows a crush of foreclosures [3]

Reader JDD spotted this over at The Daily Beast: The Dollar’s Scary Decline [4]

Also from JDD: Obama’s Budget Has One Small, Missing Piece…. For $6.3 Trillion Dollars [5]

Items from The Economatrix:

US January Auto Sales Rise [6]

Unemployment Rises in Most Metro Areas [7]

Roubini Sees “Very Dismal and Poor” US Growth Ahead

Bernanke Voices Economic Concerns as He is Sworn In [8]

Deficit Brings US Closer to Brink of Bankruptcy [9]

Colorado Springs Cuts Basic Services [10]. More than 1/3 of streetlights to go dark on Monday, and that’s just the start.

No Help In Sight, More Homeowners Walk Away [11]

The First Country to Leave the Euro? What About Germany?

US Deepening Debt Crisis, Be Afraid of Bernanke Reappointment [12]

Growing Bubble in Commercial Real Estate; CRE Losses Could Wipe Out Banking System [13]