Economics and Investing:

For the Horrible Irony Department: White House Warns Failure to Raise Debt Ceiling Would Mean Economic ‘Crisis’. (Thanks to Chad S. for the link.)

John R. sent us this: Never Forget the Fed Caused the Economic Downturn     

Also from John: Bernanke Only Adds Fuel to the Fire with Quantitative Easing  

Albert Edwards: China is a “Freak Economy” and it Will Crash, and Take Down the Rest of the World. (Our thanks to Siggy for the link.)

Items from The Economatrix:

Commodities Beat Financials Making Silver Top Pick  

Credit Card Withdrawal-Banks Pull Plug on Consumer Revolving Debt  

Economy Ends 2010 with Sigh of Relief