Economics and Investing:

And so, inexorably, the The Mother of All Bailouts (MOAB) grows: Obama Officially Begins Push For New Bailout of the States. (Thanks to G.G. for the link.)

D.D. sent this: “Housing Still Sluggish”—Harvard study uses the “D” word to describe the real estate market

From the ever-cheery Ambrose Evans-Pritchard: AXA fears ‘fatal flaw’ will destroy eurozone. (Thanks to G.G. for the link.)

Y.K. suggested a recent audio podcast interview of Gerald Celente by Lew Rockwell.

Brett G. flagged this: Volcker Warns: We Are Running Out Of Time

Items from The Economatrix:

EU Chief Warns “Democracy Could Disappear” in Greece, Spain and Portugal

Hidden Debt is UK’s Real Monster

US Banks Set to Lose Swaps Fight

How to Plan for a Double-Dip Recession

BP’s Downside is Worse than You Thought

Fed Adopts Rules to Protect Credit Card Customers