Economics and Investing:

James W. recommended: Derivatives, The Gift That Keeps On Taking. [JWR’s Comment: I’ve been warning my readers about derivatives since 2006. That was two years before derivatives CDOs torpedoed the real estate market and triggered a recoveryless recession with bailouts that have doubled the national debt and tripled our money supply. Ironically, the magical smokescreen “solution” to the ongoing recession (actually just a forestalled Depression) has been Quantitative Easing, which creates $85 billion per month out of thin air, mostly by means of buying up Mortgage Backed Securities (MBSes), which are derivatives!]

The Never-Ending Charade Of Debt Ceiling Fights

Items from The Economatrix:

Obama’s ‘Lame-Duck’ Status Could Lead to Wall Street Woes

Gold Rallies on Fed’s Taper Delay; Jim Rogers Forecasts a Drop to $900

House Votes To Taper Foodstamps

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