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Economics and Investing:

Adam B. sent: An agency-by-agency guide to Obama’s budget [1]. JWR’s Comment: That doesn’t look like much “deficit slashing”, to me!

By way of Ol’ Remus at The Woodpile Report [2] comes a link to some food for thought by Charles Hugh Smith: Why Is Gasoline Consumption Tanking? [3]

Why I’m Taking Gold Double-Eagles On My Next Trip To Utah [4]

Over at The Daily Bell: Now EU Kicking Spain Out of EU? [5]

Items from The Economatrix:

There’s Talk of an Exit – But Default Would Have Catastrophic Consequences [6]

Japanese Economy Shrank in Fourth Quarter [7]

The Economy Relies on the Suspension of Disbelief [8]

Greece and the Return of the Economic Death Spiral [9]