Obama's Big Sellout : Rolling Stone

Obama's Big Sellout : Rolling Stone
The left calls Obama a sellout to wall st. World does not end :)

Now See The REAL State Of The US Banking Industry

Now See The REAL State Of The US Banking Industry
This is why the recover is a mirage.

Dems to lift debt ceiling by $1.8 trillion, fear 2010 backlash - - POLITICO.com

Dems to lift debt ceiling by $1.8 trillion, fear 2010 backlash - - POLITICO.com
Can you say stop the madness now?

European Central Bank Privately Worries Baltics Are The Next Debt Crisis

European Central Bank Privately Worries Baltics Are The Next Debt Crisis

Bloomberg: “the authorities in the Baltic states may not be able to prevent a renewed emergence of macro-economic imbalances and a repetition of the boom-bust cycle,” the ECB said in a document dated Nov. 17 and prepared for a meeting of the EU’s economic and finance committee.
Translated=The government can not the default.

...

“The experience of the Baltic states suggests that, for countries that have opted for pegging tightly their exchange rates, there is a significant risk that relatively low interest rates lead to excessive domestic borrowing and the emergence of asset price bubbles,” the ECB said.
Translated=Defense of currency is stupid and will blow up your country.
...

The boom-to-bust fate of the Baltic states has been exacerbated by euro-denominated borrowing since the countries joined the EU more than five years ago. That’s obliged central banks to stick more rigorously to their euro pegs or risk leaving households and businesses unable to service their debt.
Translated=Borrowing in something other then your own currency will lead to pain for everyone.

Freaked-Out Eurogroup Chair Promises Greece Won't Go Bankrupt

Freaked-Out Eurogroup Chair Promises Greece Won't Go Bankrupt
Panic? Who is Paniced?

We have entered the moment when the Greek crisis is turning dangerous

We have entered the moment when the Greek crisis is turning dangerous
put them in the basket with at least 6 others. Dubai, all the Baltics, Spain, Ireland and California. 2010 will the year os the country default.

‘Wake up, gentlemen’, world’s top bankers warned by former Fed chairman Volcker - Times Online

‘Wake up, gentlemen’, world’s top bankers warned by former Fed chairman Volcker - Times Online
Awesome, Bring back Volker!

CHART OF THE DAY: Shock Backslide In Goods Shipped To The US

CHART OF THE DAY: Shock Backslide In Goods Shipped To The US More cracks are showning

The New Economic Misery Index: Five Sectors that Show Financial Pain for Americans. Food Stamps, Bankruptcy, Credit Access, Employment, and Housing.

The New Economic Misery Index: Five Sectors that Show Financial Pain for Americans. Food Stamps, Bankruptcy, Credit Access, Employment, and Housing.
How bad? really bad?

'Sometimes I think, was it real?' The American bailout nightmare - Times Online

'Sometimes I think, was it real?' The American bailout nightmare - Times Online
The histroy of the event is always wrong at the time.

Anatomy Of A Failed Foreclosure Program

Anatomy Of A Failed Foreclosure Program
Your Government in action

Two More Bank Failures Make 126: Devil Goes Down to Georgia – 24/7 Wall St.

Two More Bank Failures Make 126: Devil Goes Down to Georgia – 24/7 Wall St.
126 and counting.