Economics and Investing:

GG sent this: ECB may have to turn to ‘nuclear option’ to prevent Southern European debt collapse

Brett G. spotted this article over at NewsMax: U.S. Debt to Hit $20 Trillion, Financial Times Warns

Greek borrowing costs hit high as Germany fuels uncertainty over aid. (Thanks to R.I.P. for the link.)

RBS sent this piece about foreclosed real estate: Flipping houses is back in South Los Angeles

Europe debt crisis spreads to Portugal (Standard & Poors downgraded Greece and Portugal sovereign debt paper to “junk” status today.)

Items from The Economatrix:

Stocks Pull Back on Europe’s Deepening Debt Woes

Europe Debt Crisis Spreads to Portugal

Consumer Confidence Grows as Economy Strengthens

What Gold Bubble?

Market Manipulation and Delusions of Prosperity (The Mogambo Guru)