Reader S.M. pointed us to this article in The Washington Times: CBO report: Debt will rise to 90% of GDP
From Zero Hedge: Higher Yields, Lower Equities?
Another piece from Zero Hedge that several readers recommended: It’s Official – America Now Enforces Capital Controls
Damon sent this: S&P Market Indicator Downgrades US Sovereign Debt to aa+
Travis recommended this alarming piece by Dan Denninger: On Deficits And Debt-Financed Government
From George Gordon (“G.G.”) British credit rating ‘could be lowered’
The Adultsitter suggested this blog piece: FDIC Playing With Fire by Soliciting State Pension Money to Buy Toxic Assets
Items from The Economatrix:
Social Security Payout to Exceed Revenue this Year
Consumer Spending Rises Modestly; Incomes Flat
Oil Above $80 as Investors Look to Jobs Data
World Stocks, Euro Rise as Debt Worries Ease
Jupiter Financials Star Puts Half His Fund in Cash