Ol’ Remus writes In Praise of Junk Silver.
Frequent content contributor John R. suggested this: Derivatives: The Quadrillion Dollar Financial Casino Completely Dominated By The Big International Banks
Paul W. mentioned: China Overbuilding to ‘Hit a Wall’: Chanos
The Human Toll of America’s New Ghost Towns. With its incredibly high foreclosure rate, Las Vegas has become the Poster Child of the housing bust.
New Madoff lawsuits seek $40 Billion …from banks and hedge funds.
Recession Lasting Until 2018 Is Worth Exploring: William Pesek
Items from The Economatrix:
Stocks End Mixed Ahead Of Senate Vote On Tax Deal
Oil Prices Settle Higher After OPEC Meeting
Treasury Prices Get A Lift After Fed Buys Bonds (“Gee, if I pay my VISA bill with my Mastercard, then my financial problems will be solved!”)
Ambrose Evans-Pritchard: Eurozone In Bad Need Of An Undertaker
Roger Weigand: Phase Two Of This Greater Depression Begins Now