Economics and Investing:

News from Oz: RBA board member warns of Europe meltdown. (Thanks from Tom in Buffalo for the link.)

C.D.V. sent the latest news of fiscal suicide: Despite Deadline Uncertainty, U.S. Faces Bad Choices if Debt Limit Not Raised. Morici argues there is one way for the government to keep paying its bills for a year or longer: “The Treasury can print money and the Federal Reserve can buy back that cash when it goes into circulation with its portfolio of bonds, and keep going quite a bit that way.”

Items from The Economatrix:

Greece Passes Steep Cuts as Riots Seize Capitol

Unemployment Rises in More than Half of US Metros

United States of Denial