Economics and Investing:

Hyperinflation Has Arrived In Iran. Followed, not surprisingly, by riots in the streets.

G.G. flagged this: Living Through a Currency Devaluation. JWR’s Comments: Norte Americanos are advised to learn from this preview of coming attractions.

Zi sent: The Stock Market Is Heading For A Third Major Crash of The Century And Monetary Policy Is “USELESS” Under Current Bleak Conditions

Reader Jim W. suggested this at Zero Hedge: The ECB – EUR22 Trillion Is Missing

Items from The Economatrix:

Hedge Funds Lagging:  Is “Enormous Unraveling” Near?

Manufacturing Snaps Back:  Is It A Turning Point Or A False Positive?

US Banks Hit By More Than A Week Of Cyber Attacks

Analysis:  As Fiscal Cliff Nears, Markets Ponder A Rougher Ride