Economics and Investing:

Volcker Says Time Is Running Out for U.S. to Tackle Fiscal Woe. (Our thanks to RBS for the link.)

Chester suggested this bit of frank commentary: The Morality of the Financial Monetary System is Really What is Broken

Brett G. flagged this bit of “recovery” news: Week’s unemployment claims jump to 471,000

Items from The Economatrix:

Ticking Time Bomb: $600 Trillion in Derivatives at Risk

Next Year’s Federal Budget Sinking in Deep Red Ink

Reforming Fannie and Freddie Will Slam Home Prices

Germany’s ‘Desperate’ Short Ban Triggers Capital Flight to Switzerland

Fading of Inflation Helps Buyers and Borrowers

Food Price Inflation to Spur Zombie Takeover