Economics and Investing:

Frequent content contributor Jeff B. sent this: US Said Preparing New Laws to Seize Americans’ Retirement Accounts. As I’ve written before: Governments at all levels will be desperate for revenue, throughout this currently unfolding depression. Expect them to find new and creative ways to pry into your wallet.

Stock markets face a ‘bloodbath’, warns SocGen strategist Albert Edwards. (Thanks to Jon M. for sending that link.)

Reader S.M. sent: What the Double Dip Recession Will Look Like

This was inevitable: ‘Jingle Mail’: Developers Are Giving Up On Properties. (A hat tip to David W. for the link.)

The BHO Administration’s propagandist talk about “The current recovery” is diminished by this recent report on trucking tonnage in the U.S.

Items from The Economatrix:

Waiting for the Other Shoe to Drop

Irish Debt Downgrade Raises Fear of International Deflation Spiral

Gold Demand Jumps by 36%

Why US Treasury Notes Will Eventually Yield Nothing

Third Hindenburg Omen Signals Stock Market Crash

Dr. Gary North: The Myth of the Engineered Recession