Economics and Investing:
J.B.G. mentioned a recent piece by the ever-cheery Ambrose Evans-Pritchard: Fear gauge enters the red zone. Bama Man sent this: Chicago Tower Year’s Largest Muni-Bond Default Rhonda T. sent this sign of the times: Spam Turns Serious and Hormel Turns Out More From The Washington Post: World Market Fall Sharply After Fed Action on Bonds (Thanks to Linda U. for the link.) Items from The Economatrix: Peter Schiff On Obamanomics: “There Are Not Enough Open Minds In The Capitol To Keep This Ship From Sinking” S&P Downgrades Italian Sovereign Debt Rating; Fear of Contagion Spreads Implosive Fusion of Global Financial …