Nassim Taleb Interview: "Both big government and big business is bad"
• BusinessInsider.com & CNBC.comNassim Taleb spoke to CNBC this morning about the failure of big business and big government, as well as his new book of aphorisms.
Contents Pages by Subject
Economy - Economics USA
Unemployment Rises in 21 States, and Unchanged in 14: Spinning Continues
• CNBC.comThe unemployment rate rose in 21 states and Washington D.C. in November, up from the 14 states that showed increases the month before, according to government data released Friday.
The Gulag Casino Model To Envelop Chicago
• BusinessInsider.com/And now people are warming up to Daley's idea of building a casino, effectively a tax on poor people and another way to avoid real fiscal reform.
Simon Black's Advice To Young People: Grab Your Ankles
• ZeroHedge.comIf you’re reading this and under 30, let me be absolutely clear about one indubitable point: your government is going to sacrifice your future in order to pay for its own mistakes from the past.
Doug Casey on Bernanke: Be Afraid, Be Very Afraid (Part 1)
• www.caseyresearch.com(Interviewed by Louis James, Editor, International Speculator)
Who's Lying?
• lewrockwell.com"YOU LIE!!!"
The Home Equity Catastrophe: Owner’s Equity in Real Estate Down 55.7%
• Ritholtz.comThese two charts paint a devastating picture of the US housing market.
Festivus For The Rest Of Us: 893,000 Added To The Unemployments Rolls
• Market-ticker.orgNow that's a nasty number. +893,000?! Uh, wow.
CFTC admits will miss deadline on position limits (To limit how much Silver you can buy)
• Reuters(Reuters) - The futures regulator acknowledged on Wednesday it will miss the January target for issuing a final rule on limiting the amount of contracts a trader can control in agricultural, energy and metals markets.
Euro About To Crash & Burn: Concern Is Not Slow Growth, But Civil War
• ZeroHedge.comBecause things are a little worse in Europe economically, and because the people there actually do realize the people in power are monkeys, they have now reached that stage of realization where burning things up is the logical response.
JP Morgan Covering Silver Short Position
• inflation.usThere were reports out today that JP Morgan has now admitted to having their massive naked short position in silver and is taking steps to reduce it.
Jerry Brown on California's Budget: "We've Been Living In Fantasy Land"
• BusinessInsider.com/California Budget Is "Much Worse Than I Thought -- We've Been Living In Fantasy Land" Jerry Brown
When Americans Lose Everything, They Start To Lose It (CNN VIDEO)
• Prison PlanetDuke spray-painted a V for Vendetta sign on the wall before brandishing a gun and telling everyone apart from the school board members to leave the room.
Senate spending bill contains thousands of earmarks
• Washington PostWeeks after swearing off earmarks, many senators stand to gain tens of millions of dollars for pet projects in a massive spending bill that could be their last chance at the money before a more conservative Congress begins next month.
Lies, Lies, Lies: The New Foundation of the Financial System
• lewrockwell.comThe days are dwindling down fast now. There are only a precious few left in 2010. The Dow rose 40 points on Friday. Gold fell off $7.
Report: Your retirement funds risk being seized
• Terrence AymTeresa Ghilarducci may be the most dangerous woman in America. Never heard of her? Read on…Simply put, Ghilarducci, a professor of economic policy analysis at the New School for Social Research in New York, wants the federal government to grab all pr
Bad Medicine: November Retail Sales and PPI
• Market-ticker.orgThe two "gotchas" in here are gasoline, which has had gross sales down even though gas prices are up, and dining and drinking, which were down despite the holiday season during the Black Friday weekend when they should have been up...
Charting America's Transformation To A Part-Time Worker Society
• ZeroHedge.comIt is surprising that over the past several years very little has been said in the popular media about the fact that America is slowly (but surely) transforming from a full-time to part-time employed society.
Oil prices rally above 91 dollars
• www.breitbart.comCrude oil prices jumped above 91 dollars here on Monday as the market digested OPEC's move over the weekend to maintain the cartel's output levels.
100 million Americans make less than $39,999 per year.
• MyBudget360.comOne startling fact that I found looking at Social Security information was that 100,000,000+ Americans earn an average of $39,999 or less a year (66 percent of all Americans).
Housing Tidal Movements
• arcleinMore than $1 trillion of this year’s decline in home values occurred in the second half, Zillow said. Federal tax credits of as much as $8,000 for qualified first-time homebuyers and $6,500 for repeat buyers required a sales contract by April 30.
On the Chopping Block: Social Security, Medicare and Medicaid
Stephen LendmanWashington's long-term plan is ending them
Madoff's eldest son hangs himself in NYC apartment
• APDisgraced financier Bernard Madoff's eldest son hanged himself by a dog leash in his apartment Saturday, exactly two years after his father's arrest in a multibillion-dollar Ponzi scheme that swindled thousands of investors of their life savings.
A Secretive Banking Elite Rules Trading in Derivatives
• NY TimesThe men share a common goal: to protect the interests of big banks in the vast market for derivatives, one of the most profitable — and controversial — fields in finance. They also share a common secret: The details of their meetings, even their iden
The Dictatorship of America's Aristocracy
Stephen LendmanBig money runs America
7 Severe Headwinds Facing The Economy
• Businessinsider.com/The key fact to remember is that we are in an economic recovery that will remain restrained by the after-effects of a major credit crisis and the need to deleverage the enormous household debt built up during the boom.
ABC News Poll: Consumer Confidence On Track For Second-Worst Year
• WSJ.comConsumer confidence is on track for its second-worst year on record in nearly 25 years of weekly polls, according to an ABC News index, although the figure held steady in the latest week.
Mish: Is The Credit Contraction Over?
• GlobalEconomicAnalysis.blogspot.comFirst, the raw not seasonally adjusted data show a $700 million decline. Once again, it was federally-supported credit (ie. student-backed loans) that accounted for all the increase last month ― a record $31.8 billion expansion.
Today on LewRockwell.com - Friday Dec 10th 2010
• www.LewRockwell.comCalling All Snitches - Be Afraid, Be Very Afraid, Doug Casey on that banal evildoer, Ben Bernanke - World Dating Police Capture Julian Assange, Naomi Wolf applauds Interpol - Survival Prep: 10 More Things To Do Now
Corporate Media's Version of Economic Justice
Stephen LendmanMajor media back lavish handouts for America's aristocracy, crumbs for everybody else
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