Economics and Investing:

Chris G. sent us this troubling news article: House Democrats ‘Deem’ Faux $1.1 Trillion Budget ‘as Passed’

Recession cut into employment for half of working adults, study says. (Thanks to frequent content contributor B.B. for the link.)

Items from The Economatrix:

BofE Rate Setter Fears New UK Recession

Nearly 1 in 3 First-Quarter Home Sales a Foreclosure Sold at Steep Discount

Central Banks Warn of New Crisis if Exit Left Too Late

China Slowdown Fears Hit Global Markets

It’s Everyone for Themselves After Toronto Failure

Europe’s Recovery Falters

Double-Dip Recession Warning Signs are Everywhere! Batten Down the Hatches!

Payrolls Drop by 125,000, Jobless Rate Falls

Stocks Inch Up After Government Says Job Growth Slow

No Bucks, No Boom for The Fourth

Oil Drops Slightly After US Jobs Report

New Data Shows US “Recovery” in Peril