Sunday evening from 8:13- 9pm EST I was a guest on No Quarter Radio’s Sense on Cents with Larry Doyle. The 45 minute interview is available on line here, starting at 13:00.   more »

So far US dollar down, markets up again today: if only we were witnessing a true demand driven recovery story, market action would be so much more encouraging!
A few stories and clips of note today, see:

*Which big country will default first? -by Martin Hutchison:

“Of the world’s six largest economies, three currently have budget and public debt positions that if allowed to fester will push those nations into bankruptcy…so which major country, the United States, Japan or Britain will default first on its foreign debt?”

“China has huge amounts of hidden debt in its banking system, which could well collapse, but its direct public debt is small, as is its budget deficit, so it is unlikely to enter formal default.”

“We have not experienced a debt default by a major economy since the 1930’s. That three such defaults are currently conceivable indicates both the severity of the current downturn and the wrong-headedness of the policies taken to address it.”...   more »