Economics and Investing:

Mark T. suggested: No Surrender on Debt Ceiling. Here is a key quote: “…as one senior Chinese banking official recently noted, in some ways the U.S. financial position is more perilous than Europe’s. ‘We should be clear in our minds that the fiscal situation in the United States is much worse than in Europe,’ he recently told reporters. ‘In one or two years, when the European debt situation stabilizes, [the] attention of financial markets will definitely shift to the United States. At that time, U.S. Treasury bonds and the dollar will experience considerable declines.’”

Frequent content contributor Sue C. sent this: The Eight States Running Out of Homebuyers

San Francisco pension costs jump $20. Has anyone done the math on the long-term sustainability of their pension plan? What happens in 15 years, when veritable legions of policemen, firemen and city workers retire on six-figures, annually? This same scenario will surely play out in all of the cities across America that have overpaid workers.

Hooray! House GOP Lists $2.5 Trillion in Spending Cuts. Now if they’ll just stand firm on not raising the Federal Debt Ceiling…

Items from The Economatrix:

The Great Depression II  

Let ’em Go Bankrupt  

Anthony Bolton:  “Gold Is The Only Commodity To Buy” 

Devvy Kidd:  True State Of The Economy–You Better Be Darned Scared