Reader John S. spotted this: California is a greater risk than Greece, warns JP Morgan chief
I found an article linked in a piece by Dr. Gary North that illustrates just how deep a hole the Federal government is digging: $126.9 Billion and Counting.
The charts in Nathan’s recent blog piece tell a thousand words. This is no ordinary recession. We’ve fallen off a cliff.
George Gordon spotted this: Gold Hits Record High In Euros, Pound.
Items from The Economatrix:
Ron Paul Discusses Coming US Collapse
Jim Rogers: Pound Could Collapse Within Weeks
Housing Recovery Looking Shakier than Expected
Consumer Confidence Weakens in February
No Relief From Tax Agony (The Mogambo Guru)
Massive Bank Failures Due, Says Bank Oversight Panel
Commercial Mortgage Default Rate in US More than Doubles
More Merger Activity Helps Lift Stocks for Third Day
Postal Service’s Emerging Model: Never on Saturday
Chilean Stocks Post World’s Biggest Drop as Quake Closes Roads