Economics and Investing:

AmEx (American Expat) suggested an essay from Forbes in which the author makes some good points about going back to the gold standard: Gingrich, The Gold Standard, And The Florida Primary

The great deleveraging event – household debt has fallen 4 percent since recession hit. Household debt has fallen dramatically from the peak when household debt aligned itself with annual GDP.

G.G. flagged this: Tax Evaders Renounce U.S. Citizenship

Baltic Dry Plunges 42% More Than Seasonal Norm To Start The Year.

Items from The Economatrix:

Greek Bond Talks Break Down, But Markets Shrug It Off

Why Isn’t Illinois a Bigger Story than Greece?

Don’t Blame The Economy — It’s The 1% Who Are Making Pensions Unaffordable

Failed Treasury Auction Portends Egyptian Disaster

The Demise of the Petrodollar

Proposed Mortgage Settlement Offers Little Relief For Homeowners

Bernanke Has “Finger On Trigger” For New Bond Buys