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Economics and Investing:

Here it comes! The IMF Proposes A 10% Supertax On All Eurozone Household Savings [1]. Americans should be forewarned. We too need to minimize our bank deposits and shift into tangibles investing. (Thanks to “Beekeeper” for the link.)

C.D.V. sent this: Fitch puts US AAA rating on rating watch negative [2]

Nobel Prize U.S. winner warns of ‘bubbly’ global home prices [3]

Items from The Economatrix:

22 Reasons To Be Concerned About The U.S. Economy As We Head Into The Holiday Season [4]

The US cannot avoid a soft default even if a hard default is avoided: Debt ceiling already breached and US Treasury operating in emergency mode while US is paying $415 billion in annual interest expenses. [5]

Nothing left to financially lose: Biggest drop in confidence since Lehman Brothers and why some are unmoved by government shutdown. [6]