Monday Links

Why the Debt Crisis Is Even Worse Than You Think

The Fiscal Gap: "A noted U.S. economist says debt figures seriously understate long-term budget problems in the United States"

Today's S&P 500 Range Largest Of the Year

Hussman column: "there is more information in the recent breakdown in market internals than can be explained by debt ceiling concerns alone. On that note, there are emerging economic signals whose leading tendencies are strong enough to make a review worthwhile."

Can Economic Growth Last? and Galactic-Scale Energy, both from a blog called Do The Math about the "impossibility of indefinite physical growth (i.e., in energy, food, manufacturing)" which "means that economic growth in general is also fated to end or reverse."