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    High jobless rates could be the new normal

    http://www.msnbc.msn.com/id/33384835/ns/business-stocks_and_economy/ WASHINGTON - Even with an economic revival, many U.S. jobs lost during the recession may be gone forever and a weak employment market could linger for years. That could add up to a "new normal" of higher joblessness and...
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    Sorry doom and gloomers. The real estate market is hot in California.

    http://finance.yahoo.com/news/Homes-About-to-get-much-cnnm-699910894.html?x=0 Home values in the nation's second largest city, Los Angeles, have fallen 43.3% since June 2006 to a median of $313,000. They are expected to dive another 20.2% over by June 2010, and then start to climb in 2011.
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    WALL STREET ponzi scheme continued unabated

    http://blogs.salon.com/0002255/2009/10/19.html
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    Goldman Sachs' Black Magic, Here's How They Did It

    650K average salary for a company that employs 33,000 people. Yea, that sounds fair. Goldman said its bonuses reflected performance and were necessary to retain top staff. Wal Mart was aggressively pursuing these "gurus" that would be out of a job last year if they weren't bailed out.
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    Goldman Sachs' Black Magic, Here's How They Did It

    By Dylan Ratigan http://www.huffingtonpost.com/dylan-ratigan/goldman-sachs-black-magic_b_324095.html How did Goldman, Sachs & Co. -- saved a year ago by the US taxpayer -- magically make $3 billion in 3 months a year later? This as the US dollar collapses, unemployment soars and...
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    Raj Rajaratnam, Founder of $3 Billion Galleon Group Hedge Fund, Arrested

    Bail set at $100 million!! hehe Let the poor guy out. He was just trying to make money in a bad economy. He has yacht and mansion payments to deal with just like the rest of us.
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    • S&P 500 Index Headed for `Stiff Correction,' AMP Says: Technical Analysis

    Nader better put some new batteries in his crystal ball. DOW will touch minimum 12000 by end of 2010. The rally has only paused for now. Next break over 10K will become support. In unrelated news, we're paying $400 a gallon for gas in Afghanistan...
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    Watch for 50% retracement in the S&P

    As long as the dollar continues its demise I'm suddenly in the DOW 15,000 by 2011 camp. We'll also see Gold at 2000 and Oil at $150 Gonna be fun!!!
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    Dollar to Hit 50 Yen, Cease as Reserve

    Oil should touch all time highs with those estimates. Throw in a strike on Iran, which is 80% likely, and we're looking at $250 barrel oil by 2011. Yikes!!!!
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    Goldman Sachs: Pic of the day

    Former U.S. Assistant Secretary of Treasury claims Treasury works for Goldman Sachs In an interview in July 2009, former Assistant Secretary of Treasury Paul Craig Roberts was asked "Does the US Secretary of the Treasury work for the people or does he work for the banking system on Wall...
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    Goldman Sachs: Pic of the day

    Owning Paulson, Geitner, and Summers makes it real easy to make money.
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    Bets on Oil Above $100 in December Jump 10% in Options Trading

    By Margot Habiby Oct. 15 (Bloomberg) -- Bets that oil prices will top $100 a barrel in December jumped 10 percent yesterday to a record on the New York Mercantile Exchange, as the underlying futures rose to the highest level this year. The number of contracts outstanding on December $100...
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    Foreclosures: 'Worst three months of all time'

    http://cnnmoney.printthis.clickability.com/pt/cpt?action=cpt&title=Foreclosures+hit+record+in+third+quarter+2009+-+Oct.+15%2C+2009&expire=-1&urlID=412695602&fb=Y&url=http%3A%2F%2Fmoney.cnn.com%2F2009%2F10%2F15%2Freal_estate%2Fforeclosure_crisis_deepens%2Findex.htm&partnerID=2200 Despite signs...
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    Dollar Collapse Plunges S&P 500 Back To 1996

    And here you were thinking that the market's collapse had taken only six years or so off the value of your nest egg. After all, the S&P is back to 1,100, about the same level as late 2003. Silly you! As we've noted often in recent days, since your government is quietly destroying the...
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    The U.S.A. Is Still the World's Largest Manufacturer

    Metals, minerals and chemical products are the largest U.S. manufacturing sectors, but you are not going to see them in Wal-Mart or Tiffany's. The U.S. also manufactures motor vehicles and other means of transportation, foodstuffs, and computers and electronics, machinery, appliances and...
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    US Dollar

    Any kind of numbers guess is a waste of time. Just like trying to predict the over/under in a football game. It can't be done with any kind of accuracy. I want to see what bombing Iran within the next year is going to do to the dollar. This is the next major event to impact the world...
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    Dollar tumbles on report of its demise

    http://www.independent.co.uk/news/business/news/dollar-tumbles-on-report-of-its-demise-1798713.html he price of gold is surging on world markets amid fears that the old economic order based on the supremacy of the US dollar could be breaking down. A new spike has sent the cost of the...
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    Dow Will Fall to 6,300 by Year End: Portfolio Manager

    I think this is the one you're talking about. http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aXsz8TNju_Zg
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    Assistant Secretary to the Treasury blasts economic policy, misleading data

    Assistant Secretary of the Treasury in the Reagan Administration, Paul Craig Roberts, blasted failed and failing economic policies that compound their disservice with misleading data. Mr. Roberts is also a former editor for the Wall Street Journal and a Senior Research Fellow at Stanford's...
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    Dow Will Fall to 6,300 by Year End: Portfolio Manager

    http://www.cnbc.com/id/33179408 “I think we go below the double dip,” Lekas told CNBC. “By year-end, we drop below 6,300 on the Dow and by 2011, we’re at 4,200.”
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