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Economics and Investing:

Steve H. recommended this article: Era of paper assets may be winding down [1]

Reader S.K.F. recommended: While the Greece Fire Spreads, a Trade War Begins [2]

A.C.L. mentioned some frightening charts published by The Chicago Tribune: A Tsunami of Red Ink [3]. JWR Adds: I can remember back in 1977, writing fervent letters to my congressman, urging him to help keep the National Debt under $1 Trillion. Now the debt is 20 times that! BTW, that congressman who ignored my letters was Fortney “Pete” Stark, (Democrat) of California [4]. He is still is Washington D.C. (a 37- year incumbent!) And Stark is still spending tax dollars at a rate that would make even a drunken sailor blush. (On second thought, I shouldn’t be so insulting to drunken sailors. At least they stop spending, when they run out of cash. Politicians don’t. They just create more, out of thin air!)

Items from The Economatrix:

Unemployment Falls in a Majority of US Cities [5]

Gold Investment Demand Stays Strong, Price Climbs as Markets Dive [6]

Holy Cow! The US Treasury is Taking Donations to Pay Down the Debt [7]

Visa Profit Jumps as Consumer Spending Rebounds [8]

Fiscal Commission Opens to Federal Reserve Chief’s Dire Warning on US Deficit [9]