Ian R. flagged this must-read piece by Ambrose Evans-Pritchard: Global liquidity peak spells trouble for late 2012.
Bruce Krasting: America is Using Tricks to Hide a Debt Crisis Worse than Greece
Bill Whittle: The Vote Pump
Lee M. sent this: Banks foreclosing on churches in record numbers
Another incipient muni bankruptcy: Stockton residents watch their port city slip away: “Within three months, the Central Valley city of 300,000 could become the nation’s largest municipality to file for bankruptcy…”