Economics and Investing:
SurvivalBlog’s G.G. flagged this ominous news: U.S. on Pace for $1 Trillion Deficit. [JWR Adds: Beware, the debt service costs will explode, once interest rates rise!] K.P. suggested this at Zero Hedge: Chris Martenson Interviews Robert Mish: Front-Line Evidence That We are Nowhere Near a Gold Bubble. [JWR Adds: Keep in mind that we are still staring down barrel of a big, albeit brief pullback in the precious metals and equities in next 30 days, as margin calls will likely cascade from CDS derivatives fallout. Buy on the dips!] Goldman Sachs director quits ‘morally bankrupt’ Wall Street bank. (Thanks to …