Economics and Investing:

Adam B. sent: An agency-by-agency guide to Obama’s budget. JWR’s Comment: That doesn’t look like much “deficit slashing”, to me!

By way of Ol’ Remus at The Woodpile Report comes a link to some food for thought by Charles Hugh Smith: Why Is Gasoline Consumption Tanking?

Why I’m Taking Gold Double-Eagles On My Next Trip To Utah

Over at The Daily Bell: Now EU Kicking Spain Out of EU?

Items from The Economatrix:

There’s Talk of an Exit – But Default Would Have Catastrophic Consequences

Japanese Economy Shrank in Fourth Quarter

The Economy Relies on the Suspension of Disbelief

Greece and the Return of the Economic Death Spiral