GG flagged this: Property Tax Rebellion Brewing After Real Estate Collapse [1]. 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 [2] (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… [3]
Items from The Economatrix:
Sovereign Debt Crisis at Boiling Point [4]
Thanks to Greenspan and Bernanke the Next Crisis Could be Even Scarier [5]
How the Wall Street Crash Changed America Forever [6]
Notes From Jim Sinclair’s Toronto Seminar [7]
Shadow Government Statistics Hyperinflation Special Report [8] (Update 2010)
BLS Releases Latest Jobs Openings Data, Number of Unemployed People Per Open Spot Increases in February to 5.5 [9]. (Some “recovery”!)