Economics and Investing:

A very interesting read on the coming economic disaster: Is This How the Next Global Financial Meltdown Will Unfold?. Sent in by GJM

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The Future of Money – Banking without a bank in Kenya. – C.L.

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Items from Professor Preponomics:

Next Crisis in the Making: David Stockman Points to the $4.6T Leveraged Loan Market (Contra Corner)

ECB Policymaker Says Monetary Policy Risks Becoming Ineffective in a Low Growth World (Reuters)

China’s $1.2T Debt “Ponzi Scheme” Could Trigger Financial Crisis (Breitbart)

Container Freight Rates Plummet 70% in 3 Weeks (Zero Hedge)

Investors Warn of Greater Volatility from Liquidity Crunch (Reuters)

Top Fed Official Says Feds May Need Permanently Big Balance Sheet (Reuters)

Student Loans and Uncle Sam (Mises Institute)

Earnings of the Top 1% in Your State (Business Insider)

This City has the Most Concentrated Poverty in America (Business Insider)