China - Economic Catastrophe Unfolding

Zero Hedge: Guest Post: China - Economic Catastrophe Unfolding
Excellent read. China is hidding its problems. When they are flushed out you will see a massive drop in there markets.

Banks Fail in Georgia, North Carolina, Kansas

Mish's Global Economic Trend Analysis: Banks Fail in Georgia, North Carolina, Kansas
Since I was off this weekend I still catching up.

Bond Market Plays

It looks like we may get some bond prices declines in the next year or so.
If you want to profit from it.

~ UltraShort 20+ Year Treasury ProShares (NYSE: TBT): This ETF is not for the faint-hearted. It seeks to perform at twice the inverse results of the Lehman Brothers 20+ Year U.S. Treasury Index. So if the Index drops 5%, TBT should return rise about 10%

.~ ProFunds Rising Rate Opportunity (RRPIX): This is a mutual fund that also seeks the inverse performance of the bond market. Its results aim to correspond to 125% of the inverse of the daily movement of the 30-year Treasury bond.

Jobless Rate Hits 11.5% In Calif; 11.1% In The Valley

Tech Trader Daily - Barron’s Online : Jobless Rate Hits 11.5% In Calif; 11.1% In The Valley
As California goes so goes the USA. It is clear the stress test was a a pipe dream.

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.