Economics and Investing:

Tuesday, Feb 17, 2009

The Old Yooper mentioned this FSU piece: Signposts Towards the Inevitable. The graph showing the upcoming second wave of ARM is particularly alarming. There will be some real ARM-twisting then!

Thanks to G.G. for this piece: Irish government faces growing fears of debt default

Steve S. recommended a video of a lecture on the history and nature of debt-based modern currencies, and their implications on freedom.

DS spotted this: As U.S. Borrowings Rise, Treasurys Begin to Pop. As I've mentioned before, look for a big jump in Treasury yields as a key indicator that stagflation is ahead.

Items from The Economatrix:

America Has to Come to Grips that it is Bankrupt

Rich Chinese Buying Bargain US Homes

Roubini Tells Geithner to Nationalize US Banks

Pound Falls Further

UK Unemployment to Hit 3 Million

China is Right to Have Doubts About Who Will Buy American Debt

IMF Chief Warns Second Wave of Countries Will Need Bailout

Ireland Could Default on Debt

UN Lobbies for Share of Bank Bailout Funds

$60 Billion Loss at RBS Prompts Savage Job Cuts

Spain's New Jobless Crowd Soup Kitchens

Failure to Save Eastern Europe Will Lead to Worldwide Meltdown

Cash Crisis Forces California to Free 55,000 Prisoners

How the Crash Will Reshape America

Severe Retail Downturn Forecast for 2009

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