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Economics and Investing:

John R. sent a link to a map that shows the global race to the bottom: The global debt clock [1]

Panel sounds foreclosure warning, industry downplays [2]. (A hat tip to B.B. for the link.)

John R. spotted this post over at Karl Denninger’s site: The EU’s Lies Blow Up In Their Face [3].

B.B. sent: Poverty in America, The Big Picture [4]

Euro under siege as now Portugal hits panic button [5]

Matthew Lynn asks: Who’s next? First Greece went bust. Now Ireland is on the brink of a bailout from the European Union and the International Monetary Fund [6].

Items from The Economatrix:

New York State Manufacturing Plunges   [7]

Wal-Mart Investors Set Low Bar in US Stores [8]  

Stocks Sink On Asian Inflation, Euro Debt Fears [9]  

Economy Splits For Wal-Mart, Saks Clienteles [10]  

California Will Default On Debt, Says Chris Whalen [11]