Economics and Investing:

Jumbo Mumbo Jumbo: Treasury: Debt Has Been Exactly $16,699,396,000,000.00 for 56 Days. (Thanks to Darin Mc.C. for the link.)

Fraud Confirmed: 100-Day Delay to Take Bullion Delivery in London

Deutsche Bank Opaque Loans From Brazil to Italy Hide Risk

It is sad to see The Daily Bell closing down. I’ve been a reader since back before their name was truncated. I’m also someone who observed the SEC’s merciless attack on Anthony Wile’s good name. (Lesser men would have called it quits, but to his credit, he persevered.) The good news is that all of The Daily Bell content will be archived. OBTW, I’d be curious to know where (geographically) Daily Bell Editor Anthony Wile has Gone Galt. I wish him the best, wherever he is.

Items from The Economatrix:

In Race To Bottom, US Dollar Falls Behind

Wholesale Inventories Fall, Likely Drag On GDP Growth

Credit Crunch Right Around The Corner: US Senators Introduce Bill To Break Up Megabanks, Bring Back Glass-Steagall, FRB To Implement Basel III Capital Reforms And To End QE This Year (Not Slow End)