Month: January 2011

Debt Default Fears Will Spread To US and Japan, Warns Citigroup   Deepening Crisis Traps America’s Have-Nots   Prepare for a Greek Default     Brett G. suggested this piece: JPMorgan’s Dimon: More Cities Will Go Bankrupt John R. liked this one: The New Financial World Order Evolves Further Also from John: Here’s That Big Citigroup Report On Why Absolutely No Sovereign Debt Is Safe Items from The Economatrix: How The Government Spins Unemployment (Paul Craig Roberts) Fed Prints Another $600 Billion to Keep US Recovery on Track   Oil Surges on Offshore Drilling Report   Housing Market Slips Into …

Frequent content contributor B.B. spotted this: Offshore Gold Rush: AngloGold, De Beers hunt gold under Atlantic Eric Rosenbaum asks: Should the US Raise Its Debt Ceiling… or Default? The piece includes this: “Treasury Secretary Timothy Geithner this week found himself in the unenviable position of representing the US government in the role of a delinquent credit card customer asking for a higher credit limit. In place of that line on a credit card account statement that reads ‘available credit’ insert ‘national debt ceiling.’” (Thanks to reader C.D.V. for the link.) G.G. sent this: Bank intervention as euro debt crisis deepens …