Economics and Investing:

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Default Nears: UBS’s Puerto Rico Bond Funds Implode, “Collateral Value” Drops to Zero, Investors Screwed – H.L.

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Credit card debt makes up for lack of income growth: Credit card debt outstanding back up to $900 billion. Since 1980 household income up 300% while credit card debt up 1,760%.

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Could Another Great Financial Crisis Be Just Around The Corner?

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1.5 Million Teens Don’t Think They Can Get a Job In This Economy

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Oil Price Rout Set To Inflict Real Pain On Russia