Economics and Investing:
“Card House” sent us this: CBO: National Deficit to Hit Nearly $10 Trillion Over Upcoming Decade GG flagged the latest Friday Follies news: Regulators shut down banks in 4 states, making 26 US bank failures this year Also from GG: National debt to be higher than White House forecast, CBO says Another from GG: Greece is a harbinger of austerity for all–The effects of the stimulus are wearing off, leaving us with a nasty hangover, says Jeremy Warner. E.M.B. sent us this piece by Mish Shedlock: Construction Developer Says Banks Suddenly Playing Hardball, Asks “Mish, What’s Going On?” Items from …