Economics and Investing:
SurvivalBlog’s Poet Laureate, George Gordon (“G.G.”) sent us this one: Illinois facing ‘outright disaster’ amid budget crisis Items from The Economatrix: 40% of Florida Home Sales are Foreclosures Fed Made Taxpayers Unwitting Junk-Bond Buyers Denninger: The Clock is Running Out Gold Miners and Explorers Face Serious Supply Problems Pelosi: Unemployment Checks Fastest Way to Create Jobs Market’s Swoon Prompts Fear of the Dreaded “Death Cross” A Depressing Thought: Deflation Pending Home Sales Plunge Record 30% Layoffs Climb as Housing Slump Deepens 1.3 Million Unemployed Won’t Get Benefits Restored Stock Futures Head Lower to Open Third Quarter New Jobless Claims Rise …