Karen H. mentioned this sobering piece, also subsequently sent in by several other readers: Foreclosures: ‘Worst three months of all time’ [1]
The latest from Dr. Housing Bubble: A Comprehensive Look at the Southern California Housing Market [2]: 60,000 Properties Listed on the MLS but over 100,000 in Shadow Inventory. California and Nationwide Median Home Price Trends since 1968. Say Good-Bye to Option ARMs.
Also from Karen: Dollar to Hit 50 Yen, Cease as Reserve [3]
IRS Intensifies Global Hunt for Secret Offshore Bank Accounts [4]
Desperate Dollar Heading to the Basement [5]. (BTW, they concur with my comments on the USDI [6]‘s crucial support level: 72.)
Items from The Economatrix:
Dow Passes 10,000 For First Time In A Year [7]. There’s another sheep to be shorn every minute…
JPMorgan Earns $3.6 Billion, But Loan Losses Remain High [8]
Bank Regulators: Real Estate Loans Biggest Concerns [9]
Watchdog: Treasury and Fed Failed in AIG Oversight
Sept. Retail Sales Fall 1.5% Post-Clunkers [10]
The End of Money and the Future of Civilization [11]
2008 Debt Crisis Morphed to 2009-2010 Dollar Crisis