From frequent content contributor GG: China holds sway over US Dollar "The U. S. should be afraid, very afraid. China is questioning the dollar's status as a reserve currency and, at US $1,000 an ounce, gold has become the world's de facto currency." - John Ing, Maison Placements in Canada
Mike S. suggested a
piece titled "Obsessive Housing Disorder" on Michelle Malkin's blog,
that describes the history of our dysfunctional housing market.
HPD sent us a link to a piece by economic commentator Mish Shedlock: If
You're Not Petrified of Obama, You're Not Paying Attention
Items from The Economatrix:
AP Economic Stress Index: Measuring Financial Strain By County
US Backing for World Currency Stuns Markets
Goldman's $10 Billion Payback
House Price Drops Leave More Underwater
Stocks
Jump on House, Bank Optimism
Asia will author its own destruction if it triggers a crisis over US bonds
Investors: Bull Market Has No Legs
From Marc Faber: Lookout!
Capitalism Dead. US Going Bankrupt. There Is Going To Be War
Long
and Short of Bond Insanity (The Mogambo Guru)
