From GG: California Teachers Pension Fund $42.6 Billion Short
Truckman sent this; Commercial Real Estate’s Coming $1.4 Trillion Crisis
From JDD: Report: 1 in 5 U.S. homeowners underwater
Items from The Economatrix:
Inflation: Ignoring Doesn’t Make It Go Away (The Mogambo Guru)
Chapter XVI: When Shopping Is A Pleasure (The latest in The Day The Dollar Died series)
Globalization is Killing the Globe: Return to Local Economies
FEAR Davos 2010, Into the Bomb Shelter
Why Silver Price Will Boom to $50/Oz.
Bernanke Says Discount Rate May Rise “Before Long”
Trade Gap Unexpectedly Rises on Imports
How A New Jobless Era Will Transform America This raises interesting questions: What do all the jobless people do to survive now? What happens when the unemployment runs out? Will government increase welfare, which will raise taxes even more?