Economics and Investing:

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S. recommended: Imperial Understretch and the Fall of Great Powers

G.G. suggested: U.S. debt jumps a record $328 billion in a single day — tops $17 trillion for first time

 

Items from The Economatrix:

The US Cannot Avoid A Soft Default Even If A Hard Default Is Avoided: Debt Ceiling Already Breached And US Treasury Operating In Emergency Mode While US Is Paying $415 Billion In Annual Interest Expenses.

Nothing Left To Financially Lose: Biggest Drop In Confidence Since Lehman Brothers And Why Some Are Unmoved By Government Shutdown.

Government shutdown took $24 billion bite out of economy

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