GG flagged this: Property Tax Rebellion Brewing After Real Estate Collapse. Here is my prediction on how this will play out: Property values will eventually drop by 50% in most of the more populous states. Assessed valuations eventually drop correspondingly, but only after a public uproar and some foot-dragging. Tax revenues will decline. State legislatures will respond, increasing property tax rates by 100%. Net result: The politicians still get their money.
Also from GG: Total Fed Credit: A Credit to Fed Stupidity (The Mogambo Guru)
K.L. in Alaska suggested this piece about U.S. Treasury auction shenanigans, posted by Chris Martenson, over at Seeking Alpha: The Fed’s Shell Game Continues…
Items from The Economatrix:
Sovereign Debt Crisis at Boiling Point
Thanks to Greenspan and Bernanke the Next Crisis Could be Even Scarier
How the Wall Street Crash Changed America Forever
Notes From Jim Sinclair’s Toronto Seminar
Shadow Government Statistics Hyperinflation Special Report (Update 2010)
BLS Releases Latest Jobs Openings Data, Number of Unemployed People Per Open Spot Increases in February to 5.5. (Some “recovery”!)