Chris in Virginia liked this piece over at Sharon Astyk’s blog: Things Fall Apart – Slowly [1]
California’s economic crisis de jour: We Want Our IOU [2]s
Morris S. liked this piece by James Rickards at The Financial Times: Fannie and Freddie’s bond market upheaval [3].
“OSOM” recommended a piece over at the GATA about the silver exchange traded fund (ETF) – SLV [4]. OSOM’s comment: “Both SLV (and GLD for Gold) are not safe investments! I would not touch either of them with a ten foot pole.”
G.G. sent this: Schiff: The Fed Is Feeding An Addiction By Continuing Quantitative Easing [5]
Also from G.G.: The Next Pension Bailout [6]
Wade C. sent this: China Favors Euros Over Dollars as Bernanke Shift Course on Fed Stimulus [7].
Jobless millions signal death of the American dream for many [8]. (Thanks to KAF for the link.)
Items from The Economatrix:
Martin Weiss: $5,657,492 to Create ONE Job! Has Washington Lost its Mind? [9]
Central Bankers Stoking the Inflation Fires Whilst Academic Economists Worry About Deflation [10]
Homebuilder Confidence Sinks for Third Month
China Reduces US Debt Holdings in June