Economics and Investing:
Jon M. sent this: Banks’ $4 trillion debts are ‘Achilles’ heel of the economic recovery’, warns IMF. IMF admits that the West is stuck in near depression Gary Shilling: Here’s Why House Prices Will Now Drop Another 20%. (Thanks to Zo for the link.) S.M. spotted this: Bernanke Tells the Truth: The United States is on the Brink of Financial Disaster U.S. Yields Will `Surge’ as Fed Increases Debt Purchases, Diam Forecasts. (Thanks to Susan H. for that link.) They used to call this nonsense “debt monetization” or more bluntly “monetary inflation”. But now they give it the saccharine-coated moniker …