Gregg sent this news link that illustrates that the U.S. is living in a financial fantasy-land: 31% of U.S. Govt Assets Are Student Loans [1]
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Reader T.A. spotted this: Despite Initial Ruling, Venezuela Seeks to Silence US Website [2] (Miami Herald)
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Items from Mr. Econocobas:
This Is How Bad It’s Got In Latin America’s Socialist Utopia [3]
U.S. Has Record 10th Straight Year Without 3% Growth in GDP [4]
Fed’s Bullard Again Says It’s ‘Unwise’ to Raise Rates [5]
Items from Professor Preponomics:
US News
The Long History of Government Meddling in the American Marketplace [6] (Mises)
International News
Oil Giant Pemex Losses Top $30B on Price Plunge, Spending Cuts, Mexican Company Says [9] (International Business Times)
3 Reasons Saudi Arabia is Freaking Out About Its Cash Situation [10] (Business Insider)
Personal Economics and Household Finance
How to Repair Anything [13](Frugal Living)
Excerpt: “Repairing your broken belongings is a great way to save money – especially when you do the repair work yourself – so, tap your inner Mr. or Ms. Fix-It, and get going on those repairs!”
Article includes links to LOTS of repair tutorials.
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