Merry Chirstmas!

And Happy New Year. Lite posting till the new year.

Mish's Global Economic Trend Analysis: Beware the Taxpayer Bailout of Underfunded Teamsters Pension Funds

Mish's Global Economic Trend Analysis: Beware the Taxpayer Bailout of Underfunded Teamsters Pension Funds
Death by a thousand bailouts...

70% Of The Q3 GDP Growth Was Cash For Clunkers

70% Of The Q3 GDP Growth Was Cash For Clunkers
Does not look like growth to me.

FDIC Shuts Down Seven More Banks

FDIC Shuts Down Seven More Banks
Happy Holidays expect at the FDIC

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?