Several readers sent this piece, highlighted at The Drudge Report: China ratings house says US defaulting: report. “In our opinion, the United States has already been defaulting”.
It is beginning, folks: German Rating Agency Feri Downgrades US Government Bonds: AAA to AA!
George C. suggested this commentary from Doug Casey: Our Economic Future: From Best to Worst Case
Sterling and Euro Fall on Economic Concerns – Gold Rises to Record £950.81 British Pounds an Ounce
B.B. sent this: US Is Nearing Even Worse Financial Crisis: Jim Rogers
Some other recent quotes from Jim Rogers: “Bernanke Is A Disaster” Who Will “Bring QE Back”
Home-Price Drop of 25% Wouldn’t Shock Shiller. (Thanks to Steven M. for the link.)
Items from The Economatrix:
Rising Food And Oil Prices Are Biggest Threat To Recovery, Says World Bank
Celente: Gold Standard Won’t Save US Economy