Economy Caught in Depression, Not Recession: Rosenberg. (Sent by several SurvivalBlog readers.)
Morgan Stanley Says Government Defaults Inevitable
B.B. sent this: Foreclosure Study Shows Dramatic Value Drop
Trent H. forwarded this must-read article: “Enron accounting” Has Bankrupted America; U.S. Deficit Really $202 Trillion Kotlikoff Says
SIG flagged this: Hussman Funds – Weekly Market Comment: Why Quantitative Easing is Likely to Trigger a Collapse of the U.S. Dollar
Items from The Economatrix:
Low Pension Return May Soak New York Taxpayers
Two People Sign Up for Obamacare in New Jersey
Investors Have Withdrawn a Staggering $33.12 Billion from Mutual Funds in 2010
S&P Downgrades Irish Debt Rating
Low Prices and Rates Can’t Slow Fall in Home Sales
Ambrose Evans-Pritchard: Spain Uses Social Security to Prop Up Bond Market