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 [1]. Does this sound familiar?
James A. suggested this by Rick Moran: ‘It’s going to happen again’ – Financial meltdown committee head [2]
Anthony M. sent us this: Post office near default? Losses mount to $5.1Billion [3]
Gold Versus U.S. Dollar as Safe Havens Diverge [4]
For those who have been waiting for an opportune dip in the precious metals market, this could be it. [5] (As of Thursday, November 17, 2011.)
Items from The Economatrix:
Over 50% of US Homeowners are Underwater [6].
How the US Will Become a Third-World Country [7]