Zero Hedge: Thinking The Unthinkable: The Treasury Black Swan, And The LIBOR-UST Inversion

Zero Hedge: Thinking The Unthinkable: The Treasury Black Swan, And The LIBOR-UST Inversion
Must read of the day

Lower grain supplies could mean higher food prices - Los Angeles Times

Lower grain supplies could mean higher food prices - Los Angeles Times
Long term food prices will increase. Always bad news with so many people in trouble already.

Brad Setser Need Be Curious No Longer | afoe | A Fistful of Euros | European Opinion

Brad Setser Need Be Curious No Longer afoe A Fistful of Euros European Opinion
China has deep problems and is still in bubble dream land.

Republican Staff Says Fed Overstepped on Merrill Deal (Update1) - Bloomberg.com

Republican Staff Says Fed Overstepped on Merrill Deal (Update1) - Bloomberg.com

Several questions. In the middle of a crises is better to overact or underact? Followup: Should Ben be held accountable for overreaching? Why is Ken Lewis still employed since he breached shareholder trust?

Financial Armageddon: By the Numbers?

Financial Armageddon: By the Numbers?
Very interesting read. I still fall in the camp that U6 is a much better read of the problem and more closely tied to the 1930's numbers. Also you have to expect that BLS is under political pressure to smooth the numbers and make it not look as bad as possible.

World Health Organization Calles Swine Flu A Pandemic

World Health Organization Calles Swine Flu A Pandemic
First time in 40 years.

California nears financial meltdown as revenues tumble | U.S. | Reuters

California nears financial meltdown as revenues tumble U.S. Reuters
As California goes so goes the USA.

Is Ticket Scalping All That Bad?: Miley Cyrus' new crackdown on concert gouging just shows how complex the problem is. | The Big Money

Is Ticket Scalping All That Bad?: Miley Cyrus' new crackdown on concert gouging just shows how complex the problem is. The Big Money
Cool article. I think it should be legal. But owners of the event hall or whatever should be barred from selling tickets to scalpers or getting kick backs.

San Francisco OKs Toughest Recycling Law in Country // Current

San Francisco OKs Toughest Recycling Law in Country // Current
Without comment.

Peter Schiff Considering Senate Run. Really. - MarketBeat - WSJ

Peter Schiff Considering Senate Run. Really. - MarketBeat - WSJ
Video of the day.

Economic Scene - How the U.S. Surplus Became a Deficit - NYTimes.com

Economic Scene - How the U.S. Surplus Became a Deficit - NYTimes.com
Make sure you click on the graph

Strange rumblings down Mexico way

FT Alphaville » Blog Archive » Strange rumblings down Mexico way
Mexico has deep problems. Top of the list is the reliance on Oil revenue and the rapid decline of production. In less than 10 years it could zero. This is cause by a lack of investment since the government is spending all the money. The need radical reform soon or it will drag down the whole government.

Another illogical Russian smackdown for US treasuries

FT Alphaville » Blog Archive » Another illogical Russian smackdown for US treasuries
Everyone outside the us hates the dollar casue it is the currency of trade. Can that be changed? Yes but it will not be easy.

Freeman Dyson Takes On The Climate Establishment

Freeman Dyson Takes On <br/>The Climate Establishment by Michael D. Lemonick: Yale Environment 360
It is sad that most decision on Global Warming on based on our feelings, our judgement of several 100 years at best of hard facts and flawed thinking. We need have solid science restored or we will make decision which could cripple our economy.

The BLT: The Blog of Legal Times : Justice Ginsburg Stays Chrysler Sale -- For Now

The BLT: The Blog of Legal Times : Justice Ginsburg Stays Chrysler Sale -- For Now
Full statement abouts the halt of the chrysler sale.

Matt Taibbi - Taibblog - ‘It’s time to enshrine Hank Paulson as national hero’ WTF? - True/Slant

Matt Taibbi - Taibblog - ‘It’s time to enshrine Hank Paulson as national hero’ WTF? - True/Slant
Awesome.

TARP Overseer: Let's Run The Stress Tests All Over Again!

TARP Overseer: Let's Run The Stress Tests All Over Again!
Right, cause the first time we had no clue it would be this bad.

State's budget crisis opens rift between unions and Democrats - Los Angeles Times

State's budget crisis opens rift between unions and Democrats - Los Angeles Times
It is laughable to think you can tax your way out of problems. CA is bleeding in every sense of the word. It needs deep cuts and it needs them now.

S&P lowers Ireland rating to AA; outlook negative - MarketWatch

S&P lowers Ireland rating to AA; outlook negative - MarketWatch
More problems across the Pond.

Fed President Hoenig Warns Against "Perpetuating The Banking Oligarchy" - Home - The Daily Bail - The Bailout News Central Depository. News, Interviews,Videos, Comedy, Songs, Opinion & Analysis

Fed President Hoenig Warns Against "Perpetuating The Banking Oligarchy" - Home - The Daily Bail - The Bailout News Central Depository. News, Interviews,Videos, Comedy, Songs, Opinion & Analysis

"In the long run, we are all dead but our children will be left to pick up the tab."
And the Tab is growning at a massive rate.

U.S. says TARP issue out of Court’s reach | SCOTUSblog

U.S. says TARP issue out of Court’s reach SCOTUSblog
The supreme court since Brown vs education has always look to expand its reach. So I am not sure stating something is above the law is the right way to argue a case.

Stimulus Funds Spent to Keep Sun Belt Cool - NYTimes.com

Stimulus Funds Spent to Keep Sun Belt Cool - NYTimes.com
This higlights the key problem of the government being in charge. You get comprises that a private person would never do. Your money wasted again.

Jesse's Café Américain: Is the USO Oil Fund "Like a Pyramid Scheme?"

Jesse's Café Américain: Is the USO Oil Fund "Like a Pyramid Scheme?"
Must read for anyone thinking of playing ETF's

The BLT: The Blog of Legal Times : Challenges to Chrysler Deal Speed to Supreme Court

The BLT: The Blog of Legal Times : Challenges to Chrysler Deal Speed to Supreme Court
We may get a final sale notice today after noon.

Firms Shed India Centers to Cut Costs in Recession - WSJ.com

Firms Shed India Centers to Cut Costs in Recession - WSJ.com
I never understood the big savings in this. More MBA mumbo jumbo. Yes the wages are cheap, but you get what you pay for.

Swine Flu Is Way Worse Than Expected

Swine Flu Is Way Worse Than Expected
It is tough to get things right. But this is a serious flu. It is worse then expected and may be very bad in the winter.