Economics and Investing:

Yishai sent us this (by way of Glenn Reynolds at Instapundit): Foreign Central Banks Going for the Gold

RBS tells clients to prepare for ‘monster’ money-printing by the Federal Reserve. Here is a quote: “We cannot stress enough how strongly we believe that a cliff-edge may be around the corner, for the global banking system (particularly in Europe) and for the global economy. Think the unthinkable.” (Thanks to Brian B. for the link.)

S.M. sent this: Biden: We Can’t Recover all the Jobs Lost

Items from The Economatrix:

Derivatives Blow for Wall Street Banks Under Historic US Reforms. Translation: The congresscritters don’t understand derivatives, and the legislation will do little to prevent a massive derivatives implosion that is likely in this decade.

The Next Catastrophic Bubble to Break Will be Private Sector Debt.

Extend And Pretend: A Matter of National Security

Scrambling for Votes on Wall Street Reform

The Market Goes Under Full Anesthesia

NY Fed Probes Wall Street Exposure to BP

Double Dip? Or Did The Great Recession Never End?