Economics and Investing:

Mayor Bloomberg: Don’t Panic About the Sequester. “Mr. Bloomberg argued the United States could owe “’an infinite amount of money’ and there is no specific amount that would cause the country to default.”Yeah, right. (I think he’s been sneaking a few 32-ounce Mega Big Gulps of Mountain Dew, in violation of his own decree.)

Walter Zimmerman: Every Indicator I Follow Shows The Market Is Going To Tank, And There Will Be A New Financial Crisis

In Debt We Trust America Before the Bubble Bursts. (Thanks to R.B.S. for the link.)

Items from The Economatrix:

Wal-Mart Situation “Getting Worse” New Leaks Reveal

Gold And Silver Approved As Legal Tender By Arizona Senate

Expect Relief From February Gas Prices