Economics and Investing:

Thanks to Tom W. for sending this link: Fiscal Crises Hit Closer to Home; States and localities face burgeoning deficits; next phase in debt-deflation?

Ben M. suggested this New York Times link: Junk Bond Avalanche Looms for Credit Markets.

Several folks sent this link: Rising food prices may start with seeds

Items from The Economatrix:

Not Durable?

Gold, Silver and Oil: Buying the Essentials in Tough Markets

Fed May Hint at How Long the Rates Will Stay Low

What Credit Card Pay-offs? Consumers are Dumping Debt!

IRS: Get Tax Relief if Lender Forgives Part of Home Debt

Housing Construction Drops 5.9% in February

Stocks Rise After Fed Pledges to Keep Rates Low

Oil Settles Near $82 as Fed Keeps Rates Low

Gold Supported by Geopolitical and Sovereign Risks as S&P and Moody’s Warn US