The stimuls not working, even the left thinks this now.

http://www.huffingtonpost.com/2009/04/17/hopeful-cities-towns-find_n_188339.html
As predicted it is not working, it will not work and most of it will be wasted.

Califorina now at 11.2%

http://www.latimes.com/business/la-fi-caljobs18-2009apr18,0,2996186.story

Fourth worse in the country. Highest on record since 1976. Ugly numbers

Michigan at 12.6%, neighboring Oregon at 12.1% and South Carolina at 11.4%.

SP 325?

http://optionarmageddon.ml-implode.com/2009/04/17/tice-sp-going-to-325/
Ouch that would be harsh.

The Difference between a recession and depression

http://www.independent.co.uk/news/world/asia/1500-farmers-commit-mass-suicide-in-india-1669018.html

Famine.

Fixing the root casue

http://baselinescenario.com/2009/04/17/the-department-of-justice-is-on-line-two/

IMF says no recover before 2011

http://ftalphaville.ft.com/blog/2009/04/17/54814/imf-worrisome-parallels-with-the-great-depression/

BankUnited told ot merge or else face FDIC takeover

http://files.ots.treas.gov/enforcement/97100.pdf

More pain coming for florida. We are now starting the see a second wave of bad news on real estate. With the lifting of the foreclosure moritorium you can expect foreclosure to surge. Along with this article below that talks about how 1/3 of foreclosed homes are now unsellable and would not qualify for mortgages. Just adding more losses to the banks.


http://www.cnn.com/2009/US/04/16/damaged.foreclosures/index.html

The Pakistan Link

http://www.timesonline.co.uk/tol/news/world/article6097901.ece

Pakistan is a major problem. It should be number #1 on President Obama things to look at.

Today's Must Read- Why I fired my Broker

http://www.theatlantic.com/doc/200905/goldberg-economy

I would bet 80% of America fits in to what this reporters talks about. I think that financial education should be a key part of everyone base knowledge.

Life insureres

http://optionarmageddon.ml-implode.com/2009/04/15/sp-life-insurers-face-unprecedented-stress/

If one of these companies is your life insurance provider I might want to think about switching or having a backup provider.

State of the Bailout -Not so good.

http://www.nakedcapitalism.com/2009/04/willem-buiter-treasury-will-have-to.html

China GDP 6.1%

http://www.businessinsider.com/chinas-gdp-grows-just-61-2009-4

Even with numbers which are questionable at best, China is in a recession at this number. Any lower and it would be viewed as a sever recession.

General Growth Declares Bankruptcy

http://www.businessinsider.com/mall-owner-general-growth-declares-bankruptcy-2009-4

No big surprises, CRE is collapsing quickly.

Mexican Gun Runner Caught

http://www.dailymail.co.uk/news/worldnews/article-1170064/Whats-nice-girl-like-doing-arsenal-like-Police-seize-20-year-old-guarding-vast-weapons-cache--including-anti-aircraft-gun.html

Now where and what gun store could you have bought any of these guns?
Just asking :)

Mexican Gun Runner Caught

http://www.nationalterroralert.com/updates/2009/04/14/mexico-20-year-old-woman-captured-guarding-massive-weapons-cache/

Now where and what gun store could you have bought any of these guns?
Just asking :)

Chrysler and Fiat deal dead? 50% chance says CEO

http://www.dailyfinance.com/2009/04/15/if-fiat-dumps-chrysler-will-gm-and-chrysler-merge/

Whoops, another few billion needed stat.

Pakistan near collapase?

http://www.smh.com.au/world/warning-that-pakistan-is-in-danger-of-collapse-within-months-20090412-a40u.html?page=-1

I would not rush to judgment over this. The army has always held control of the missile and would continue if the civilian government fell.

Dead on Take about the stress tests and Goldman

http://www.nakedcapitalism.com/2009/04/us-decides-to-disclose-some-results.html

California Begs Washington To Insure Its Debt

http://www.businessinsider.com/california-wants-us-taxpayers-to-insure-its-debt-2009-4

Why Obama are you waiting.

http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aNMQDysdnKRc

Why doesn’t the Obama administration force insolvent banks and insurance companies to come clean about their losses first? It’s the “why” that’s so vexing. The who, what, when, and how are mere details, by comparison.

I put it down to hope it will get better. The time to act is now past. We are quickly run down a collision course of history.

Poland goes the IMF

http://blogs.wsj.com/marketbeat/2009/04/14/poland-seeks-imf-assistance/

Today's Must Read: 10 signs you are in a banana republic

http://thebarricadeblog.com/2009/04/11/the-top-10-signs-you-are-living-in-a-banana-republic-and-my-favorite-100-billion-omelet/

Is Goldman's Stock offering a Market Top

http://www.businessinsider.com/did-goldman-sachs-just-call-the-top-of-the-market-2009-4
Likely yes.

The difference between a Depression and Recession?

http://www.upi.com/Emerging_Threats/2009/04/06/Walkers-World-New-food-crisis-looms/UPI-79101239032507/
A famine.

Bend over you have a balance on the Credit Cards

http://seekingalpha.com/article/130592-bank-of-america-punishes-customers-who-dare-to-have-a-balance?source=feed

Banks are now wielding the powers to punishing the consumer and make it more default for them spend money. Guess this is not what the government hope for or wanted.

GM and the not so switft BK

http://online.wsj.com/article/SB123957652811811897.html

As should be clear to anyone, GM's BK will not be quick, it will be another event that is tough for the markets. It is Lehman part II. All themes I have talked about.

Investigator Wants To Know If Banks Lied To Get TARP Cash

http://www.businessinsider.com/investigator-wants-to-know-if-banks-lied-to-get-tarp-cash-2009-4
Whoops looks like someone forgot tell this guy that the systems needs to gamed to be saved.

Number 23

http://www.calculatedriskblog.com/2009/04/bank-failure-23-new-frontier-bank.html

The band plays on.