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Economics and Investing:

Reader Brian B. wrote to re-emphasize the importance of the recently-released CBO [1] report titled: Federal Debt and the Risk of a Fiscal Crisis [2]. Brian’s comment: “Many people submit links to economic news to alternative media, but when the CBO (government entity) unveils a document that reaffirms the poor state of the economy, it becomes completely unnoticed by mainstream media. Perhaps your readers can reassure themselves how the outlook of the next decade might shape up to be.”

From M.E.W.: Greenspan Says Home-Price Drop May Bring Back Recession [3]

M.M. sent us this editorial by former Reagan White House staffer David Stockman: Four Deformations of the Apocalypse [4].

Scott B. alerted me to this: Layoffs to gut East St. Louis police force [5].

F.G. flagged this item: America’s new debtor prison: Jail time being given to those who owe [6].

From K.A.F.: Oil Tops $80 a Barrel for First Time Since May as Equities Rise [7]