GG flagged this: Property Tax Rebellion Brewing After Real Estate Collapse. Here is my prediction on how this will play out: Property values will eventually drop by 50% in most of the more populous states. Assessed valuations eventually drop correspondingly, but only after a public uproar and some foot-dragging. Tax revenues will decline. State legislatures will respond, increasing property tax rates by 100%. Net result: The politicians still get their money.
Also from GG: Total Fed Credit: A Credit to Fed Stupidity (The Mogambo Guru)
K.L. in Alaska suggested this piece about U.S. Treasury auction shenanigans, posted by Chris Martenson, over at Seeking Alpha: The Fed’s Shell Game Continues…
Items from The Economatrix: