GG mentioned this in The Wall Street Journal: Widest-ever October budget deficit [1] (more than all of 2006)
More Friday Follies, with the link also courtesy of GG: Bank failure toll reaches 123; Regulators close two Florida banks and on in California, costing the FDIC $986.4 million [2].
Gold will stay above $1,000 an ounce forever, says Swiss Dr. Doom [3]. (Thanks to Laura H for the link.)
Items from The Economatrix:
Drop in US Energy Use Drags Stocks Lower [4]
Jobless Claims Fall, But Hiring Gains Seem Far Off [5]
Buffett, Gates Tell Students Worst is Behind Us. Gee, Happy Days are Here Again [6]. Yeah, that’s what they were singing in 1930. But in fact, the economy didn’t fully recover until 1954 [7]. They say history doesn’t repeat, but it often rhymes.
Banks Borrow Less From Emergency Fed Fund [8]
Federal Deficit Sets October Record of $176.48 Billion [9]
Wal-Mart, Kohl’s: Holidays Could be Rough [10]
Obama Announces US Jobs Forum with Business Leaders [11]
Initial US Jobless Claims Fall to 10-Month Low