Economics and Investing:

Legendary Investor Jeremy Grantham: We’re Headed For A Disaster Of Biblical Proportions. Most of Us Are Going To Starve To Death.

Reader M.E.W. sent: House Prices Are Nowhere Near A Bottom Says Analyst

Smoke and mirrors economy – 47 percent of the members in Congress are millionaires. 67 percent of Senators. Fed and Treasury money close to $7 trillion.

Items from The Economatrix:

Eric Sprott:  Centrals Banks’ Gold Likely Gone

Sales Of Existing US Homes Unexpectedly Rises

Waiting For The Dow Industrials To Be Cut In Half

Economy Turns US, Japan Into Ugly Step Sisters