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Housing is nowhere near a bottom as homeowners realize they are under water, would have to come up with buku cash assuming they could sell their home at any price, and the general consensus among the public is that houses can no longer be regarded as an ATM machine to be leveraged to buy shit...

yada yada yada. China is the biggest bubble in the history of bubbles. Wait, watch and see where they are in 5 years. More cars are being sold there as gas is subsidized, but the MSM doesn't state the average transaction price for new cars is a shade over 5k.

So long as global corporations are using child/slave labor to build their products and goods, I can't think of a better idea than having U.S. citizens applying for and receiving jobs aimed at improving/modernizing America's infrastructure. A bullet train, traveling at speeds of 150 mph, like...

http://online.wsj.com/article/SB125799009185344567.html NOVEMBER 13, 2009 White House Aims to Cut Deficit With TARP Cash By DEBORAH SOLOMON and JONATHAN WEISMAN WASHINGTON -- The Obama administration, under pressure to show it is serious about tackling the budget deficit, is seizing...

Only 3,600,000 for the year! Green shoots! Add these to the 18.5 million vacant/foreclosed homes in the U.S., already! •Foreclosures Filings in U.S. Surpass 300,000 for Eighth Consecutive Month http://www.bloomberg.com/apps/news?pid=20603037&sid=aaXO2EVjAjb4 U.S. Foreclosure...

China’s Empty City http://chinadigitaltimes.net/2009/11/chinas-empty-city/ Al Jazeera looks at the impact of China’s economic stimulus spending: China’s economy is continuing to grow despite the global recession, helped by a massive government stimulus package of $585bn...

That made me compulsively laugh for about 15 seconds. Thanks. :D

Banks are keeping a massive number of foreclosed homes off the market. The medicine taken later rather than sooner could be the tipping point that causes the economy dry heaves. Delinquencies and Foreclosures at Record High...

http://www.bloomberg.com/apps/news?pid=20601087&sid=aY.aCOsXC9m4&pos=5 Japan’s Producer Prices Fall 6.7%, 10th Monthly Drop (Update1) Share Business ExchangeTwitterFacebook| Email | Print | A A A By Keiko Ujikane and Mayumi Otsuma Nov. 12 (Bloomberg) --Japan’s producer prices fell...

http://www.scribd.com/full/22418024?access_key=key-10lxluw7oljo99zvf86e

Everyone seems to be turning Japanese lately: http://www.ft.com/cms/s/0/39f61cb6-c818-11de-8ba8-00144feab49a.html

http://www.bloomberg.com/apps/news?pid=20601039&sid=aVFrABqiPBHI Boom or Bust Leaves Bankers With Bum Choices: Caroline Baum Share Business ExchangeTwitterFacebook| Email | Print | A A A Commentary by Caroline Baum Nov. 11 (Bloomberg) -- Imagine you are a central banker. You arrive at...

It's just beginning. National tenants in commercial buildings are asking for and receiving 5o% rent abatements; this on buildings that were constructed at the peak of the bubble, with bubble construction prices and bubble land prices. In 2000, 5.5% of commercial mortgages were 0 down...

From everything I've been able to gather, this Perkins is the real deal. I'm surprised the gov't hasn't tried to take him out yet.

China's record debt has economists worried http://money.cnn.com/2009/11/10/news/international/china_debt.fortune/index.htm The nation is taking on record levels of debt to keep its economy humming. Some say that can't last. By Bill Powell, contributor Last Updated: November 11, 2009...

http://www.bloomberg.com/apps/news?pid=20601109&sid=atReshofT51c&pos=15 Commercial Real Estate ‘Crisis’ Looming for U.S.: Chart of Day Share Business ExchangeTwitterFacebook| Email | Print | A A A By David Wilson Nov. 11 (Bloomberg) -- “A crisis of unprecedented proportions is...

The very least these imbeciles could do is not insult our intelligence with such drivel. http://www.bloomberg.com/apps/news?pid=20601087&sid=a6MX.KRaiD18&pos=5 Geithner Says Strong Dollar ‘Very Important’ to U.S. (Update2) Share Business ExchangeTwitterFacebook| Email | Print | A A A...

Under Attack, Fed Chairman Studies Politics By EDMUND L. ANDREWS Published: November 10, 2009 http://www.nytimes.com/2009/11/11/business/11fed.html?_r=1&hp WASHINGTON — With the Federal Reserve under more intense attack than at any time in decades, Ben S. Bernanke, the professorial...

So if you have not looked for work in four weeks, the BLS does not count you as unemployed. If you've been listed discouraged for over a year, you're among millions of Americans who don't count either. John Williams at shadowstats.com put it this way: "The Clinton administration dismissed to the...