Economics and Investing:

Fed set to unveil tapering of asset purchases next week. [JWR’s Comment: Don’t be surprised if you hear that this decision is quietly rescinded, just a few weeks from now. Free money is more addictive than crack cocaine. And I’m sure that TPTB realize that any substantive “tapering” would throw the credit market into a tailspin. Merely talking about tapering is much more comfortable to the banksters. This is something akin to your local crackhead talking about gradually giving up his addiction–and just as likely.]

G.G. suggested: More Americans Struggle to Afford Food

Reader “Dollardog” recommended this: An empty storefront, and a $32,000 tax bill

Items from The Economatrix:

Labor Participation Lowest Since 1978

Employment Trending Down

Initial Jobless Claims Plunge Due To “Computer Upgrades” And “Faulty Reporting By States”