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Economics and Investing:

From GG: Revelations of hidden Greek debt “last straw” [1]. And here is a related news story: EU toughens demands on Greece [2]

Flavio sent this linkio: It’s Official: California Housing Production Reached New Low in 2009 [3]. Down 83% from the 2004 peak!

Pioneering blogger Hugh Hewitt says: We Are Headed For A Fiscal Strok [4]e. (A tip of the hat to Damon for the link.)

Chad S. flagged this: U.S. May Lose 824,000 Jobs as Employment Data Revised [5]

Items from The Economatrix:

Note from JWR: Cheryl (aka The Economatrix) wrote me to mention that there is up to two feet of fresh snow expected there soon [6], as well as high winds and some freezing rain. So she might be out of contact. Throw another log on the fire, Cheryl!

False Hope in Financial Free Lunch [7] (The Mogambo Guru)

Jim Rogers: Federal Reserve is Worsening the Depression [8]

The Subtle Nationalization of the Banks and Housing Market [9]

Homeowners May Still Owe Even After Foreclosure [10]

Data on Service Sector Show a Struggling Recovery [11]

Gasoline Rises After Unexpected Supply Drop [12]