Economics and Investing:

Jeff Recommended an article over at George Ure’s site on the plight of a surveyor, which is a macrocosm of the national economy: And the Bottom Line Is?

Don’t like the record number of foreclosures? Well, ban them! See: Obama May Prohibit Home-Loan Foreclosures Without HAMP Review

This comes from Pravda, so I’m naturally dubious: China has confirmed the intention to purchase 191.3 tons of gold from the International Monetary Fund at an open auction, Finmarket news agency said. (Thanks to J.D.D. for sending the link.)

Items from The Economatrix:

Sultans of Swap: Explaining $605 Trillion of Derivatives

Common Sense Economics (The Mogambo Guru)

Concerns Grow Over China’s Sales of US Bonds

Greeks Scramble to Pull 8 Billion Euros from Local Banks

FDIC Hits Record “Default” Level as Deposition Insurance Fund Plunges by $12.7 Billion to NEGATIVE $20.9 Billion