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? [1]
Don’t like the record number of foreclosures? Well, ban them! See: Obama May Prohibit Home-Loan Foreclosures Without HAMP Review [2]
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 [3]. (Thanks to J.D.D. for sending the link.)
Items from The Economatrix:
Sultans of Swap: Explaining $605 Trillion of Derivatives [4]
Common Sense Economics [5] (The Mogambo Guru)
Concerns Grow Over China’s Sales of US Bonds [6]
Greeks Scramble to Pull 8 Billion Euros from Local Banks [7]