Volcker Says Time Is Running Out for U.S. to Tackle Fiscal Woe [1]. (Our thanks to RBS for the link.)
Chester suggested this bit of frank commentary: The Morality of the Financial Monetary System is Really What is Broken [2]
Brett G. flagged this bit of “recovery” news: Week’s unemployment claims jump to 471,000 [3]
Items from The Economatrix:
Ticking Time Bomb: $600 Trillion in Derivatives at Risk [4]
Next Year’s Federal Budget Sinking in Deep Red Ink [5]
Reforming Fannie and Freddie Will Slam Home Prices [6]
Germany’s ‘Desperate’ Short Ban Triggers Capital Flight to Switzerland [7]