Economics and Investing:

Items from Mr. Econocobas:

Watch for U.S. Recession, Zero Interest Rates in China Next Year, Citi Says

What Money Means – This is actually an entire chapter from a new book called Prosper!, by the folks over at Peak Prosperity. Good read!

Video Interview: USA Watchdog – Chris Martenson – Everybody Knows This Economy Is Unsustainable

Items from Professor Preponomics:

How Money Disappears from a Fractional Reserve Money System (Mises Institute) An especially outstanding link for an article from the Mises Institute about how money disappears in a fractional reserve system.

U.S. Total Debt Soars to $674B in November (Zero Hedge)

Puerto Rico Avoids Default on Over $350M in Bond Payments (Market Watch)

Manufacturing is in RECESSION (Business Insider)

Fed Officials Clammed Up Once Transcripts Were Released (Market Watch)

Moody’s Says More Atlantic City Casinos May Close (CNN Money)

Cost Delays Healthcare for One in Three (Gallup)

America’s 20 Richest People Have More Money Than These 152 Million People (Market Watch)

United Health Says It Should Have Stayed Out of Obamacare Longer (Bloomberg)

United Health CEO Regrets Entering Obamacare Marketplace (The Hill)