Economics and Investing:

You Cannot Afford a $250,000 Home with a $50,000 Household Income!

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The Economic And Financial Problems In Europe Are Only Just Beginning… – B.B.

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Items from Mr. Econocobas:

What Really Happens When Pensions Disappear – This is the kind of nonsense that CNBC puts out. Over committed, over compensated pension funds cannot and will not exist any longer. We have leveraged public sector debt to the hilt, and this is the logical end to this nonsense. Also, the thought of fewer government workers, the majority of which are overpaid for their positions compared to private sector, is supposed to be a bad thing??

BofA: The U.S. Economy’s ‘Moment of Truth’ Has Almost Arrived

How A Chinese Farmer Lost More Than Everything Trading Stocks