Fed: Housing Will Fall to Long Term Mean... 23 Percent Drop or Greater

12-23-2010 • Market-ticker.org

Federal Reserve statement: In fact, home prices still must fall 23 percent if they are to revert to their long-term mean (Chart 1).

Congress keeps government running another 10 weeks

12-23-2010 • AFP

The US Congress approved a temporary spending bill that will fund the federal government for another 10 weeks through March 4 in order to avoid a government shutdown. The Senate adopted the stopgap measure 79-16 followed by the House of Representa

Alabama Town’s Failed Pension Is a Warning

12-23-2010 • NY Times

This struggling small city on the outskirts of Mobile was warned for years that if it did nothing, its pension fund would run out of money by 2009. Right on schedule, its fund ran dry. Then Prichard did something that pension experts say they have ne

Down Argentine Way

12-22-2010 • LewRockwell.com

There are many ominous parallels between Argentina and the U.S. and the question often asked is can America avoid the economic consequences that Argentina suffered from a fascist government combined with government debt and currency collapse? I belie

When the gold market tops…

12-22-2010 • sovereignman.com

At this point, everyone will want to own gold, and the signs will change from “WE BUY GOLD” to “WE SELL GOLD”… and they’ll be everywhere.

Today on LewRockwell.com - Weds. December 22nd 2010

12-22-2010 • LewRockwell

Who Predicted the Housing Bubble? - Defend Bradley Manning - The Evil Paul Krugman - Mountains of Debt, No Jobs, 16 shocking facts about the college education bubble - Municipal Meltdown Dead Ahead, 100 US city governments could collapse in 2011, say

Confirmed: WikiLeaks’ next target is Bank of America, Assange says

12-22-2010 • RawStory

Shares in Bank of America have fallen amid speculation that it was a WikiLeaks target.

Government liabilities rose $2 trillion in FY 2010: Treasury

12-22-2010 • Reuters

The U.S. government fell deeper into the red in fiscal 2010 with net liabilities swelling more than $2 trillion as commitments on government debt and federal benefits rose. The Financial Report of the United States, which applies corporate-style acc

Foreclosures Poised to Take Down the U.S. Banking System & Entire Economy

12-21-2010 • mandelman.ml-implode.com/

Chris Whalen of Institutional Risk Analytic’s presentation at a conference in early October of 2010, showed those in attendance a terrifying picture of where our too-big-to-fail banks are headed in 2011…

Foreclosures Poised to Take Down the U.S. Banking System & Entire Economy

12-21-2010 • mandelman.ml-implode.com/

Chris Whalen of Institutional Risk Analytic’s presentation at a conference in early October of 2010, showed those in attendance a terrifying picture of where our too-big-to-fail banks are headed in 2011… they’re headed towards failing...

Meredith Whitney on CNBC: The Muni Meltdown

12-21-2010 • EconomicPolicyJournal.com & CNBC.com

Meredith Whitney appeared on CNBC today defending her important call about the very real problems in the muni bond sector.

Budget Cuts To Darken SoCal City Street Lights

12-21-2010 • AP

To trim $9 million from their budget, Vista officials say they will shut off half of the city’s residential street lights in March unless property owners agree to pay higher lighting fees.

Prospect of WikiLeaks Dump Poses Problems for Regulators

12-20-2010 • NY Times

“Tens of thousands of its internal documents will be exposed on Wikileaks.org with no polite requests for executives’ response or other forewarnings.” That was according to Forbes magazine, which interviewed Julian Assange, the founder of WikiLeak

Exclusive: US empire could collapse at any time, Pulitzer winner tells Raw Story

12-20-2010 • RawStory.com

America's military and economic empire could collapse at any time, but predicting the precise day, week or month of its potential demise is unattainable, according to a former New York Times war correspondent who spoke with Raw Story.

Unintended Consequences

12-20-2010 • YouTube - http://inflation.us

Preparing America for Hyperinflation

Today on LewRockwell.com - Monday Dec 20th 2010

12-20-2010 • LewRockwell.com

Police State USA - Beltway 'Libertarians' Are Anti-WikiLeaks, This issue is the touchstone, says Justin Raimondo - Is the US the ‘Sick Man’ of the Globe? - Is the US the ‘Sick Man’ of the Globe? - The First Rule of Survival, How to stay dry…and alive

Regulators close banks in Ga., Fla., Ark., Minn.

12-19-2010 • AP

Regulators on Friday shuttered three small banks in Georgia and one each in Florida, Arkansas and Minnesota, raising to 157 the number of U.S. banks brought down this year by the struggling economy and soured loans.

Payrolls Drop in 28 U.S. States, Joblessness Up in 21

12-19-2010 • Bloomberg.com

Payrolls decreased in 28 U.S. states and the unemployment rate climbed in 21, showing most parts of the world’s largest economy took part in the November labor- market setback.

Weekend Assignment

12-18-2010 • Declare Your Independence

Introducing Porter Stansberry - Most Important Day in 50 years

Phoenix: Bankruptcy filings in Valley hit all-time record

12-19-2010 • AZcentral.com

Metro Phoenix bankruptcy filings have hit an all-time record this year, with another month of filings still to go.

There Has Been No Economic Recovery In California

12-18-2010 • BusinessInsider.com/

If we take a look at California employment, for example, we see that there is in fact no economic recovery taking place in the nation’s largest state. None of the jobs lost in the financial crisis and recession have been replaced.

Bailout Prize Patrol

12-18-2010 •

Taxpayers Clearing House Prize Patrol delivers large checks to Citibank and Amtrak, gets them signed by Sen. Snow, Sen. Schumer, confronts Tim Geithner with wads of cash and delivers invoices to taxpayers.

Karl Denninger: System Was Insolvent In 2008 (And Still Is)

12-18-2010 • Market-ticker.org

Dateline 17 March 2008. SUBJECT: BANKING CRISIS NOW ONE OF SOLVENCY NOT LIQUIDITY SAYS BANK OF ENGLAND GOVERNOR From The Guardian, one of the Wikileaks cables....

Boy, I Say Boy: Slow, Slow Down The Shipments From China

12-17-2010 • ZeroHedge.com

We have understood that Chinese cargo ships have been told to proceed at 'wind speed', because of a collapse in US import demand - this is partly visible in the activity amongst Long Beaches shoremen...

The First Stage of Inflation Has Already Hit, Next Up Is the Currency Collapse

12-17-2010 • Seeking Alpha

One of the biggest misconceptions about inflation is that the US Dollar needs to collapse in order for inflation to occur. While a currency collapse often accompanies periods of heightened inflation, this is not necessarily true.

Oil prices rise to nearly 92 dollars

12-17-2010 • www.breitbart.com

World oil prices rose on Friday as the dollar fell against the euro amid improving demand for crude, analysts said.

DHS Implementing No Work List: Citizens Must Get Government Approval to Work in Private Sector Jobs

12-17-2010 • infowars.com

You’ve heard of no fly and no buy lists – get ready for no work lists. Millions of workers now must apply to the DHS and prove they are not terrorists in order to be granted permission by the government to work.