Economic Quickie

Well, from my side, but some good-sized reads on the other.

First - Mike Shedlock covers the shortfall states are seeing. This is where it starts to hit home for people. Next comes the municipal level.

Second - Frank Shostak has a great article about the difference between "good" and "bad" credit (hint - the bailout is bad credit, which is being used to help people who were giving out the bad credit that created this mess)

Third - It's made the rounds in the news, and the blogs, and wherever else they cover this stuff. Warren Buffett's article on "buying American" provides a silver lining and positive outlook.

All worthwhile reading if you care about this sort of thing.