Economics and Investing:

G.G. suggested: The Subprime Rhyme with U.S. Debt Debacle, by Michael Pento

Also from G.G.: Greek debt crisis offers preview of what awaits U.S.

RBS suggested this article: Drowning in home debt

Reader V.A.F. sent this: Freddie Mac Posts First Quarter Loss of $6.7 Billion, Asks Treasury for $10.6 Billion (Our tax dollars, funding our NINJA neighbors’ McMansion fanatsies.)

Items from The Economatrix:

Britain Must Cut Deficit Fast, Europe Warns

America at the Crossroads and the War on Gold

S&P to Gold Ratio: On Verge of 1.00 Breakdown

Auto Industry on Road to Recovery But Pace Slows

Federal Government Outpaces Private Sector in Job Creation

The Great Depression of the XXI Century

US Economy: Payrolls Jump By Most in Four Years

Debt Crisis: Panic on Wall Street, Stonewalling in Europe

Japan Injects $20 Billion to Calm Markets