G.G. flagged this: Europe’s €1 trillion (£854bn) rescue fund has been forced to buy its own debt as outside investors become increasingly concerned about the worsening eurozone sovereign debt crisis. Does this sound familiar?
James A. suggested this by Rick Moran: ‘It’s going to happen again’ – Financial meltdown committee head
Anthony M. sent us this: Post office near default? Losses mount to $5.1Billion
Gold Versus U.S. Dollar as Safe Havens Diverge
For those who have been waiting for an opportune dip in the precious metals market, this could be it. (As of Thursday, November 17, 2011.)
Items from The Economatrix:
Over 50% of US Homeowners are Underwater.
How the US Will Become a Third-World Country