Tom B. and “Word” both sent us this: Tax refugees staging escape from New York [1]. Tom B. described as “voting with their feet.”
Julius suggested an amazing Summary of US Foreclosure Activity [2]. Wow! One in every 23 homes in Nevada is in foreclosure!
An interesting piece over at Housing Storm: Contradictions and Symptoms of the Great Depression [3]
Items from The Economatrix:
GM Seen Posting Sales Again [4]
Stocks Turn Lower as New Home Sales Fall [5]
New Home Sales Fall a Surprising 3.6% [6]
Treasury, GMAC in Talks for Third Round of Aid [7]
Durable Goods Orders Rise 1% in September [8] (Whoopee! Release the balloons!)
Energy Prices Slide on Surprise Jump in Gas Supply [9]
Worsening Job Picture Fuels Slide in Confidence [10]
Roubini: Carry Trades Fueling “Huge” Asset Bubble [11]
Weiss: The War on the US Dollar [12]
Iranian Oil Bourse Opens [13]
UK: Credit Card Companies Will be Forced to Clean Up their Act
Regulators Prepare for the Next “Big One”
It Will be Difficult for the Housing Market to Return to Normal