Economics and Investing:

Paul Krugman suggests a 91% top income tax rate. (If this happens, the congresscritters will see a million or more Americans go Galt.)

R.M. sent a link to article that serves as a word of warning for those who run businesses that have large cash customers: Williamsburg gun business, owner, punished by feds. R.M.’s Comment: “This is a fine shop, with great husband and wife owners.  The shop is in the lower floor of their home in tiny Williamsburg, Iowa.  Great people getting trampled by the government.”

The System Will Collapse, It Must Collapse

FHA Red Ink May Be $32.8 Billion, Double Official Audit. (Thanks to G.G. for the link.)

Items from The Economatrix:

Banks Told By Feds To Test For 12% Unemployment (See next article which contemplates a 9.1% unemployment rate just from the fiscal cliff.  It’s probably going to be worse than that.)

Industrial Production In US Drops 0.4% On Sandy Effect