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Economics and Investing:

Reader John T. sent a link to some ominous commentary by Bob Moriarty about derivatives: The Ticking Time Bomb [1]

Horror for US Economy as Data Falls off Cliff

G.P. suggested this by Bob Chapman: The Euro-Debt Crisis: Greece, Portugal, Spain. The Debts are Unpayable. Once the Lending Stops the Bottom Falls Out [2].

Casey in Arizona mentioned a recent piece by Michael Panzner, over at his excellent Financial Armageddon blog: Easy Way Out [3].

Mac Slavo: “America Will Be Dismembered By Its Creditors” [4]

77,000 federal workers paid more than governors [5]. (Thanks to Pierre M. for the link.)

G.G. sent this by Puru Saxena: Endless Quantitative Easing [6]