1. Huge Internet outage reported in much of the world. Reportedly due to cut undersea cables. The global economy is extremely dependent upon the Internet, so any issues like this could reverberate through the social world and global markets.

2. Mish analyzes bank reserves going negative. Check out his first chart. That is pretty amazing, you can definitely witness the seizing up of the interbank lending with such a move. Watch out for tight credit wreaking havoc on certain at-risk sectors of the economy. Leverage could be trouble right now.

3. Paul Lamont highlights the shift away from easy money conditions in a separate report.

4. Websites are now popping up that essentially advocate walking away from highly leveraged mortgage obligations.

5. The Double Whammy of Geopolitical Gold Games.

6. According to the National Taxpayer’s Union, Ron Paul is the only presidential candidate who would decrease federal government spending.

Filed under: Politics, Social Mood, Economics, Six Packs