GG sent this Wall Street Journal article: Public Pension Deficits Are Worse Than You Think
Reader S.M. sent us some more evidence that the US is slipping towards the edge of a bond rating downgrade by Moody’s: Obama Pays More Than Buffett as U.S. Risks AAA Rating. Also, further economic difficulties with managing growing public debt: Lipsky Says ‘Acute’ Debt Challenges Face Advanced Economies.
Items from The Economatrix:
Agora Financial’s Five-Minute Forecast
Court Says Fed Must Disclose Bank Bailout Records
A Salon opinion piece by Gene Lyons: It’s Time for Wall Street to Pay
Health Care Companies Pull Stock Market Higher
Oil Edges Lower, Extending Friday’s Losses
Spain Approves Bill to Overhaul Economy as Jobless Rate Hits 20%