If you are wrong once

http://clusterstock.alleyinsider.com/2009/1/economists-who-blew-it-agree-prosperity-is-just-around-corner
Why the hell would we think you know what the hell is going on.

State and local government problems

http://www.reuters.com/article/reutersEdge/idUSTRE4B46JD20081205
Clearly we are heading for rough sailing.

FDIC Employs Tool Used for S&L Crisis

http://online.wsj.com/article/SB123086700722648471.html
More signs we are not done with failing banks

World unemployment report

http://www.cnbc.com/id/28467019
More signs that unemployment is increasing every where.

Video on the coming employment collapase

http://www.cnbc.com/id/15840232/?video=978164631&play=1
Scary stuff. Plays along with what I think is going to happen. Too much money to the banks leaves nothing for anyone else.

Those who will not make it

http://www.nowpublic.com/style/list-retail-store-closings-us
Nice list of the stores that have closed so far. I would expect this list to expanded in the first Q1 since it is the worst time of the year for reatil stores.

Treasury Department has committed nearly $10 billion more than the $350 billion

http://online.wsj.com/article/SB123068292824744097.html

Funny, only the government can commit more money then it has and not be called illegal. If we did this we would go to jail for Check-kiting.

China problems mount in China

http://www.fxstreet.com/news/forex-news/article.aspx?StoryId=205627bf-ef00-4995-8866-910eb7d6ce45

More sings of trouble for china.

Russia

http://www.cnbc.com/id/28429975

More problems caused by the slide in oil prices.

Vegas rolls a 2

http://www.time.com/time/business/article/0,8599,1868932,00.html?cnn=yes
Looks like tough times ahead, I see huge profit in shorting in Wynn.

GMAC and Pimco

http://www.bloomberg.com/apps/news?pid=20601087&sid=aTNWiojvYf.E More details about GMAC's bailout are out and one has to ask, is PIMCO the smartest player? Twice they bet the government would blink and they did.

Oil causing issue for Venezuela

http://www.cnbc.com/id/28401097/for/cnbc/
The longer we are below $60 the more problems we are going to see.