Economics and Investing:

Almost Half Of US States Are Officially Broke. – B.B.

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Is There Any Gold At Fort Knox? Survey Says “Highly Unlikely”

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Items from Mr. Econocobas:

Class Of 2015 Sets Student Debt Record—–$68 Billion

Bonds Extend Global Decline as Goldman Warns on Long-Term Debt

‘The Crash” Will Not Be Caused By An Event…

Greece Effectively Defaults To IMF Using SDR Reserves To “Repay” Fund; 1 Month Countdown Begins – This is getting very serious; I don’t know how it is going to end, but I suspect somehow things are going to get pulled together and deals will be made