San Francisco News - The Worst-Run Big City in the U.S. - page 1#Comments

San Francisco News - The Worst-Run Big City in the U.S. - page 1#Comments
What is wrong with Cali?

Ferguson: How Economic Weakness Endangers the U.S. - Newsweek.com

Ferguson: How Economic Weakness Endangers the U.S. - Newsweek.com
No comment

The Commercial Real Estate Default Wave is Here: Commercial Mortgage Defaults Now at 16 Year High. 3.4 Percent of all Commercial Real Estate Loans in Default.

The Commercial Real Estate Default Wave is Here: Commercial Mortgage Defaults Now at 16 Year High. 3.4 Percent of all Commercial Real Estate Loans in Default.
Any one want a over/under for 2010?

Detroit's Unemployment Rate Is Nearly 50%, According to the Detroit News

Detroit's Unemployment Rate Is Nearly 50%, According to the Detroit News
What can you do if this is true?

Mish's Global Economic Trend Analysis: Fannie Freddie May Need Another $400 Billion Taxpayer Assistance

Mish's Global Economic Trend Analysis: Fannie Freddie May Need Another $400 Billion Taxpayer Assistance
The money hole needs feeding....

Mort Zuckerman: Big City Commercial Real Estate Is Holding Up, Small Cities Are Toast

Mort Zuckerman: Big City Commercial Real Estate Is Holding Up, Small Cities Are Toast
Love Mort!

Is Austria Set To Join The Honourable Company of PIIGs? | afoe | A Fistful of Euros | European Opinion

Is Austria Set To Join The Honourable Company of PIIGs? | afoe | A Fistful of Euros | European Opinion
Big problems in europe. Big trend number 1 for next year- European union starts to break apart with Spain, Greece and Austria being at fault.

TIC Data Confirms: Foreign Appetite Gone - The Market Ticker

TIC Data Confirms: Foreign Appetite Gone - The Market Ticker
With the forigen buyers gone, it is down the banks who are received cheap money (.25%) to buy the treasuries which are paying 4%. When the merry go round stops we are all screwed.

Shadowstats' John Williams: Prepare For The Hyperinflationary Great Depression | zero hedge

Shadowstats' John Williams: Prepare For The Hyperinflationary Great Depression | zero hedge
The ugly forecast. Time is short to aviod this.
Robert

“Wake Up, Gentlemen” « The Baseline Scenario

“Wake Up, Gentlemen” « The Baseline Scenario
Finally! Someone let volker talk!

Guest Post: Larry Summers Is Like a Guy Who Yells That the Sun Really DOES Revolve Around the Earth and that the Current Orbit is Just a Temporary Aberration . . . and That If We Just Wait a Little While, “Everything Will Return to Normal” « naked capitalism

Guest Post: Larry Summers Is Like a Guy Who Yells That the Sun Really DOES Revolve Around the Earth and that the Current Orbit is Just a Temporary Aberration . . . and That If We Just Wait a Little While, “Everything Will Return to Normal” « naked capitalism
Larry summers should have never been hired in the first place and should be fired now.

Greece defies Europe as EMU crisis turns deadly serious - Telegraph

Greece defies Europe as EMU crisis turns deadly serious - Telegraph
tick tick tick.....

Goldman Sachs: The Little Hoovers Are Multiplying, State Budgets Set To Be Major Economic Drag

Goldman Sachs: The Little Hoovers Are Multiplying, State Budgets Set To Be Major Economic Drag
In short the state are begin to breakdown. With the weight of pension, medicare ever rising cost and ever decrasing tax revenue. They need to take a hard look now before we start to see local, city and state bankruptcys.

Calculated Risk: FDIC Bank Failure Update

Calculated Risk: FDIC Bank Failure Update
I too take the over. 2010 is looking very much like 1931.