Economics and Investing:

News headline from Wednesday: Markets Around The World Getting Smoked — Dow Falls Below 15,000

The mainstream investors catch on, belatedly: Gun collecting: Worthy investment or risky business? (Thanks to H.L. for the link.)

Collapse Isn’t Coming -We’ve Already Begun (an interview with David Quintieri that highlights the derivatives timebomb.)

Jim Kim of Fierce Finance asks: Is a credit bubble about to pop?

Promises by one or more third party governments must have been made! Rhode Island-Based Firm Announces Bid For Massive Amount Of Outstanding Greek Debt

U.K. gang steals $775,000 – on just ONE American Express Black card.

Items from The Economatrix:

Obama’s Appeasement Of China And Japan Is Wrecking The Recovery

“False Recovery” vs. “Decline Of Failure”:  The Great Economic Debate

Is The Housing Recovery A Sham?