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Economics and Investing:

For the Horrible Irony Department: White House Warns Failure to Raise Debt Ceiling Would Mean Economic ‘Crisis’ [1]. (Thanks to Chad S. for the link.)

John R. sent us this: Never Forget the Fed Caused the Economic Downturn [2]     

Also from John: Bernanke Only Adds Fuel to the Fire with Quantitative Easing [3]  

Albert Edwards: China is a “Freak Economy” and it Will Crash, and Take Down the Rest of the World [4]. (Our thanks to Siggy for the link.)

Items from The Economatrix:

Commodities Beat Financials Making Silver Top Pick [5]  

Credit Card Withdrawal-Banks Pull Plug on Consumer Revolving Debt [6]  

Economy Ends 2010 with Sigh of Relief [7]