Mothers Against Debt is a group of concerned mothers who are fed up with reckless government spending and massive national debt.
File Under: Fiscal child abuse.

Have you watched CNBC yet today? Have you caught the latest business update on Google? Don’t. Pretend it’s not happening. Stay blissfully unaware. It’s the best way to cope.
What’s your favorite coping mechanism?
File under: Beware of Greeks bearing getting gifts.

“If a big non-bank institution gets in trouble and threatens the whole system, there ought to be some authority that can step in, take over that organization and liquidate it or merge it — not save it. It’s called euthanasia, not a rescue.”
-Paul Volcker said on CNN.
Paul Volcker said in an interview with Fareed Zakaria [...]

Just what the world needs: A housing bubble in China.
Now let’s get this straight: China indirectly funded our bubble. Now they have their own bubble. So who’s funding and/or backing up their bubble? Is there any money left anywhere for a China bailout?

Okay, the nation’s unemployment rate remained depressingly high last month and the president of the Boston Federal Reserve Bank is warning high unemployment isn’t going away soon. Those are all causes for concern.
But the Boston Business Journal is reporting that 11 Massachusetts firms received $118 million in venture capital funding in the last week alone. [...]

Treasury Secretary Timothy Geithner says the U.S. economy has suffered a lot of damage in the current downturn and it’s going to take time before it fully recovers.
In an interview for broadcast Sunday, Geithner told NBC’s “Meet the Press” that creating jobs and regaining the confidence of investors will be the real test of recovery.
Recent [...]

Another economist thinks we’re going to have a double-dip recession — otherwise known as a “W” recovery. William White knows his stuff — and his opinion once again ties back to complaints that we still haven’t fixed the banking system, here and elsewhere across the globe. Who knows?

Here’s a fun one: “10 Bubbles in The Making.” Check it out. The most interesting (from a local perspective) are No. 7 (“The Subprime Bubble, 2.0″) and No. 8 (“The Life Insurance Securitization Bubble”). The Herald this morning has a story on the potential for a life-insurance bubble. Is there anything Wall Street won’t try [...]

OK, there are indeed encouraging signs that the housing market is improving a bit. The same goes for the economy in general, as layoffs at local firms appear to be easing.
But sometimes you have to look for more subtle hints about the overall economy and market performance. This Boston Business Journal report on the architecture [...]

The US government is expected to run a $1 trillion deficit this year.
The New York Times carried an interesting piece today about the federal budget deficit and how it got so huge