Economics and Investing:
Deleveraging from one bubble to another – Since the peak in 2008 $1.3 trillion in US household debt is gone but another bubble is brewing hidden under the rubble of the busted housing market. Precious metals market analyst Ted Butler: Transparency Impending Catastrophe: Spain Has Entered A Full-Scale Collapse And Created A Tremendous Amount of Instability Which Could Trigger An Imminent Lehman-Like Event And A Rerun of The Great Panic of 2008 B.B. sent this: Estimate of California’s real debt upped from $28 billion to… $335 billion In Forbes: Run On The Banks Would Make Fiscal Cliff Look Like A …