Economics and Investing:

Reader Steven H. wrote to mention: VP Biden puts on his Captain Obvious cape and declares “This is a depression”. Of course, Joe Biden has developed quite a track record for the inability to keep his mouth shut–most notably when he revealed the “secret” nuclear blast bunker beneath the VP’s Residence.

Ralph N. suggested this piece over at Volokh about how the FedGov conceals some of its debt: Treasury Inc.: The Shadow National Debt. (It is hidden under a TARP, dontcha know…)

Commentary from analyst Niall Ferguson: The Dollar Is Dying a Slow Death.

From the Housing Storm blog: Strategic Foreclosure And The Last Man On The Boat

Also by way of Housing Storm: Subprime Mortgage Myths Debunked

Items from The Economatrix:

Sun Microsystems Slashing Up to 3,000 Jobs

Stocks Fall After Mixed Economic Data, Earnings

Fewer Home-Building Permits Signals Weakness Ahead

US Stock Market Returns to Housing Industry

UK: Business Failures Predicted to Surge in 2010 as Recession Deepens

Recession-Hit Spain Goes Back to Black Economy