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 [1]
The great deleveraging event – household debt has fallen 4 percent since recession hit [2]. 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 [3]
Baltic Dry Plunges 42% More Than Seasonal Norm To Start The Year [4].
Items from The Economatrix:
Greek Bond Talks Break Down, But Markets Shrug It Off [5]
Why Isn’t Illinois a Bigger Story than Greece? [6]
Don’t Blame The Economy — It’s The 1% Who Are Making Pensions Unaffordable [7]
Failed Treasury Auction Portends Egyptian Disaster [8]
The Demise of the Petrodollar [9]
Proposed Mortgage Settlement Offers Little Relief For Homeowners [10]