Economics and Investing:

Reader R.B.S. sent this interesting data: Parsing U.S. Poverty at the Metropolitan Level. Once again, the American Redoubt shines.

North Las Vegas declared a disaster area–economic disaster, that is.

Rim R. sent this: ‘Made in the USA’ Label Will Disappear If the World Trade Organization Plan Succeeds

Six charts highlighting future trends in the housing system. Silent crashing markets, command style housing controls, and Fed top sponsor of maximum leverage.

Items from The Economatrix:

Why Home Prices Are Better And Worse

Home Sales Reach Two-Year High as U.S. Rates Fall

Oil Falls As Investors Unconvinced On EU Growth Talk

What’s Stalling The US Recovery?
[JWR’s Comment: Gee, could it be that it isn’t a real recovery, just a transient chimera that was conjured up by trillions of dollars that were created out of thin air?]