AIG emails released show a smoking Gun

http://www.businessinsider.com/the-new-geithner-aig-emails-are-merely-the-tip-of-the-iceberg-2010-1

U3 numbers not reflection the 1 million who moved into U6

http://blog.atimes.net/?p=1304

Recap of the top 10 for 2009

2009 Headlines of the year! Overall not bad. Some clear misses, some near hits and some home runs.
Top 10 Headlines in 2009

1) China-USA trade war -(Clearly started, but not at the level I expected)
2) Civil unrest in detriot (Not yet)
3) Drug War violense spreads to US from Mexico (clearly up)
4) Obama's Massive Tax increases. (Yep for heath care)
5) cali and NY decalre Bankruptcty. (so close but not yet)
6) The fall of muniplicials tied to SCDO (Not yet but close)
7) The Great Pension Crises (In full swing, with minus 2 trillion unfunded at this point)
8) Why Gold did not play out as expected (Yep with the 12% gain you lose 60% to taxes)
9) Oil at $100 Again (Wow so close at $80)
10) FDIC requires Bailout money (Yep!)

bonus!
11) Failed Bank list tops 100 (Yep!)
12) Ford the last car maker left. (Nope)
13) Why did the treasury bubble collapase. (nope)
14) Is this a replay of 1933 (Nope 1931!)
15) AIG goes out of business (Nope)
16) CRE Markets worse shape ever. (god yes)
17) Loses from the credit crises top $2 Trillion ( way over)
18) Euro/Dollar now at 1:1 (Nope)
19) Major Crisies forces change in China (Not yet the bubble holds)
20) Putin is discredited and steps down (nope)

Top 10 for 2010

1) Dems hold both house and senate. The civil war and lack of money will do in the Republicans.
2) Greece fails. They Drop the EU.
3) The surprise trade of the year? The dollar silly :)
4) Gold under performs, more whinny complaints from all gold bugs. Sorry you need big wins to make this a winner.
5) Pounds falls to parity with the Euro.
6) Iran's government will be sourly tested but stands at the end of the year.
7) Immigration bill will not be passed next year.
8) U6 tops 20%, U3 hits 12%. Economic recover is tepid with negative GDP in Q3 and Q4
9) CRE and more mortgage loses cause over 400 banks to fail.
10) Ben the Printer and Larry Summers are gone by this time next year. Tim G holds on.

EU tells Greece to jump off a bridge

http://www.businessinsider.com/greek-minister-furious-as-european-central-bank-says-it-would-let-the-country-collapse-2010-1
Interesting stuff across the pond.

How Keynesianism Gave Us The Decade Of Zero

How Keynesianism Gave Us The Decade Of Zero
Ron Paul.

Barton Biggs on Undervaluation in the S&P 100 -- GuruFocus.com

Barton Biggs on Undervaluation in the S&P 100 -- GuruFocus.com
Lets crank up the Doom level to 11 :)

Hussman Funds - Weekly Market Comment: Timothy Geithner Meets Vladimir Lenin - January 4, 2010

Hussman Funds - Weekly Market Comment: Timothy Geithner Meets Vladimir Lenin - January 4, 2010
Must read of the day

FT.com / US / Economy & Fed - US public pensions face $2,000bn deficit

FT.com / US / Economy & Fed - US public pensions face $2,000bn deficit
Trillion here, trillion there soon you are talking real money....

This Is The Government: Your Legal Right To Redeem Your Money Market Account Has Been Denied | zero hedge

This Is The Government: Your Legal Right To Redeem Your Money Market Account Has Been Denied | zero hedge
Must read of the week

The States and the Stimulus - WSJ.com

The States and the Stimulus - WSJ.com
There is no free money.

11 Surprising Commodities That Kicked Gold's Ass In 2009

11 Surprising Commodities That Kicked Gold's Ass In 2009

Guess What Gold sucked, per my top 20 of 2009 themes.