US Set To Intercept North Korean Ship Suspected Of Proliferating Nukes

Zero Hedge: US Set To Intercept North Korean Ship Suspected Of Proliferating Nukes
Aside from the fact a war with North Korea would be bloody, if they lauch nuclear weapons it will empower the hawks that attacking Iran is needed. All of this is very bad. We have almost no uncommitted forces to support a third war much less a attack on Iran.

California Soon To Get Junked By Moody's

Zero Hedge: California Soon To Get Junked By Moody's
It is possible that would we could another major storm in the financial world. I am still in very negative and have puts against the SP for a large drop by Decemember.

States in Deep Trouble Over Plunging Income Tax Revenues

Mish's Global Economic Trend Analysis: States in Deep Trouble Over Plunging Income Tax Revenues
A excellent read. Most of the states are in trouble. Time for Cuts not more taxes. Most will go the wrong way.

Lite posting as I am traveling

China's "Suicidal" Buy China Provision

China's "Suicidal" Buy China Provision
Lets call it round two. Round one was fired by the US in the stimuls bill. Yes it does parallal the GD, but in this case China is America. We are Europe. Both countires got whacked badly by this.

Global Economy Matters: Banking Problems In Southern Europe Send The Whole World Running For Cover

Global Economy Matters: Banking Problems In Southern Europe Send The Whole World Running For Cover
Spain is especial troubled with unemployment at 18%

CPI: No Inflation Yet

CPI: No Inflation Yet
Just more deflation problems.

100 Questionable Stimulus Projects

Option ARMageddon » Blog Archive » 100 Questionable Stimulus Projects
Glad to see we are spending our money so wisely.

China, Shipping and the Great Commodity Carry Trade -- Seeking Alpha

China, Shipping and the Great Commodity Carry Trade -- Seeking Alpha
We print more paper, the buy more good.
Something seems wrong.

Credit Card Issuers Settle Accounts for Lower Balances - NYTimes.com

Credit Card Issuers Settle Accounts for Lower Balances - NYTimes.com
Sign of the times. Get money as quick as possible.

Momentum builds for broad debate on legalizing pot - Yahoo! News

Momentum builds for broad debate on legalizing pot - Yahoo! News
IF anyone thinks for a second that legalization will make a difference to the youth they are crazy. From the experence of my daughter growning up I can tell you Pot is widely availalbe, widely used and considered safer then acholol.
Legaliazation is the only answer

Andy Xie: Tight Spot for Fed, Blind Spot for Investors

Andy Xie: Tight Spot for Fed, Blind Spot for Investors
Today's must read

The White House Is Open To Bailing Out California

The White House Is Open To Bailing Out California
Dont waste the money on a broken system. If they need a bailout it should come with big changes an cuts.

Iran poll loser leads huge rally

BBC NEWS Middle East Iran poll loser leads huge rally
With the spilt from the top regliuous leaders it is possible we could some fundamenatal change within Iran. Usually you get a united front, everything is fine or if the elections where rigged a crack down on the losers. In this case it appears the top leaders of Iran do not have a either. A sign of problems. The next 24 hours should be very interesting

The crucifixion of Latvia - Telegraph

The crucifixion of Latvia - Telegraph
Very soon this domino will fall. Look a large step down for the markets shorty after

Crops under stress as temperatures fall - Telegraph

Crops under stress as temperatures fall - Telegraph
Facts in the way of global warming.

The Saga Of The Bearer Bonds - The Market Ticker

The Saga Of The Bearer Bonds - The Market Ticker
Lots of weirdness here.