Economics and Investing:

CME Declares Force Majeure at Manhattan Gold Depository. JWR’s Comment: This could have been–and eventually may be–much worse. When will people ever learn? There is no proper substitute for holding precious metals in your own possession.

J.B.G. sent this news from England: People who eat doughnuts for breakfast should be charged for prescriptions, says Tory MP

Stocks dead, bonds deader till 2022: Pimco

US Power Grid Vulnerable to Just About Everything
Ten Reasons to be Wary of US Energy Independence Claims

Gun Shoppers Joined Other Black Friday Shoppers In Record Numbers

Items from The Economatrix:

Morgan Stanley’s Doom Scenario:  Major Recession In 2013

Argentina Rating Downgraded By Fitch On “Probable” Default

Demand For U.S. Capital Goods Climbs In Spending Rebound