AmEx (American Expat) suggested an essay from Forbes in which the author makes some good points about going back to the gold standard: Gingrich, The Gold Standard, And The Florida Primary
The great deleveraging event – household debt has fallen 4 percent since recession hit. Household debt has fallen dramatically from the peak when household debt aligned itself with annual GDP.
G.G. flagged this: Tax Evaders Renounce U.S. Citizenship
Baltic Dry Plunges 42% More Than Seasonal Norm To Start The Year.
Items from The Economatrix:
Greek Bond Talks Break Down, But Markets Shrug It Off
Why Isn’t Illinois a Bigger Story than Greece?
Don’t Blame The Economy — It’s The 1% Who Are Making Pensions Unaffordable
Failed Treasury Auction Portends Egyptian Disaster
Proposed Mortgage Settlement Offers Little Relief For Homeowners