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Economics and Investing:

G.G. suggested: The Subprime Rhyme with U.S. Debt Debacle [1], by Michael Pento

Also from G.G.: Greek debt crisis offers preview of what awaits U.S. [2]

RBS suggested this article: Drowning in home debt [3]

Reader V.A.F. sent this: Freddie Mac Posts First Quarter Loss of $6.7 Billion, Asks Treasury for $10.6 Billion [4] (Our tax dollars, funding our NINJA [5] neighbors’ McMansion fanatsies.)

Items from The Economatrix:

Britain Must Cut Deficit Fast, Europe Warns [6]

America at the Crossroads and the War on Gold [7]

S&P to Gold Ratio: On Verge of 1.00 Breakdown [8]

Auto Industry on Road to Recovery But Pace Slows [9]

Federal Government Outpaces Private Sector in Job Creation [10]

The Great Depression of the XXI Century [11]

US Economy: Payrolls Jump By Most in Four Years [12]

Debt Crisis: Panic on Wall Street, Stonewalling in Europe [13]

Japan Injects $20 Billion to Calm Markets [14]