The stimuls not working, even the left thinks this now.

http://www.huffingtonpost.com/2009/04/17/hopeful-cities-towns-find_n_188339.html
As predicted it is not working, it will not work and most of it will be wasted.

Califorina now at 11.2%

http://www.latimes.com/business/la-fi-caljobs18-2009apr18,0,2996186.story

Fourth worse in the country. Highest on record since 1976. Ugly numbers

Michigan at 12.6%, neighboring Oregon at 12.1% and South Carolina at 11.4%.

SP 325?

http://optionarmageddon.ml-implode.com/2009/04/17/tice-sp-going-to-325/
Ouch that would be harsh.

The Difference between a recession and depression

http://www.independent.co.uk/news/world/asia/1500-farmers-commit-mass-suicide-in-india-1669018.html

Famine.

Fixing the root casue

http://baselinescenario.com/2009/04/17/the-department-of-justice-is-on-line-two/

IMF says no recover before 2011

http://ftalphaville.ft.com/blog/2009/04/17/54814/imf-worrisome-parallels-with-the-great-depression/

BankUnited told ot merge or else face FDIC takeover

http://files.ots.treas.gov/enforcement/97100.pdf

More pain coming for florida. We are now starting the see a second wave of bad news on real estate. With the lifting of the foreclosure moritorium you can expect foreclosure to surge. Along with this article below that talks about how 1/3 of foreclosed homes are now unsellable and would not qualify for mortgages. Just adding more losses to the banks.


http://www.cnn.com/2009/US/04/16/damaged.foreclosures/index.html