Economics and Investing:

Kabuki financial theatre – Congress net worth up 15 percent from 2004 to 2010 while the average American sees their net worth decline by 8 percent in the same timeframe. Welcome to plutocrat USA. (It is good to know that our elected representatives are pure as the driven snow, and that they would never engage in felonious Insider Trading.)

B.B. suggested this, over at Zero Hedge: Guest Post: A Run On The Global Banking System – How Close Are We?

Items from The Economatrix:

If a Global Recession is Not Looming, then Why Are Bailouts Flying Around Like The End Of The World Is Coming?

Bank of America Dumps $75 Trillion In Derivatives on US Taxpayers With Federal Approval

US Retirement Assets Declined By $1.4 Trillion

Chance of Recession 35% Next Year?