Economics and Investing:
Reader Ben M. mentioned: World Bank sees even worse slump. All the recent talk of a “nascent recovery” is balderdash. China’s Commodity Buying Spree. Well, gosh , if given the choice between dollar-denominated paper assets and buying useful tangibles, which would you choose? Jim B. sent us a link to an essay titled The Coming Economic Collapse, by Graham Summers. “To give you an idea of how big a problem these deficits are, consider that the US government could tax its citizens 100% of their earnings and not have a balanced budget.” From the Dr. Housing Bubble blog: Foreclosure Reality …