Economics and Investing:

Thursday, Dec 27, 2012

It’s Not a “Fiscal Cliff” … It’s the Descent Into Lawlessness

Post-Hyperinflationary Zimbabwe Welcomes The Holidays With 80% Unemployment, Empty ATMs And Paralyzed Transport. (Thanks to Jim W for the link.)

American Vehicle Miles Driven Haven't Been This Low Since The 1990s

Items from The Economatrix:

Chinese Rating Agency Puts US On Negative Watch

Geithner Warns Lawmakers Debt Standoff Risks US Default

A Horrific Economic Collapse Is On The Way: Bond Market Is Imploding, Debt Ceiling Will Be Breached Next Monday, Homeowners Now Foreclosing On Banks, And America Is Rapidly Becoming A Nation Of Takers


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