Economics and Investing:

GG sent us this editorial by Nouriel Roubini: The worst is yet to come: Unemployed Americans should hunker down for more job losses.

Jeff B. spotted: Taxpayers on hook as some bailed-out firms prove frail; With CIT in bankruptcy, U.S. is faulted for investing in weakened companies

As Needlenose Ned Ryerson said (repeatedly): “Watch out! The next step’s a doooozy.” (For some background, see: Dollar Falls to 15-Month Low as Fed’s Support Draws Skepticism.) Meanwhile, at the risk of mixing movie metaphors, it’s Hi-Yo Silver, Away!

Items from The Economatrix:

Stocks Post Modest Gains on Rise in Commodities

Factory Production Dips, Wholesale Inflation Muted

Foxwoods Resort Casino Fails to Make Full Repayment. One of the world’s largest casinos, will default, credit downgraded to D

Target Profits Climb 18% in 3Q on Lower Costs

Home Depot Earnings Fall 8.9% in 3Q

Oil Up Again, Settles Over $79

Dollar Slides Despite Bernanke’s Support

Global Stock Markets Rise to Highest Level of the Year

Gold Prices are a Dead Giveaway

Inflationary Armageddon? Not Yet, But 2011 is Coming

10 States Face Imminent Bankruptcy

Gold’s Record Run: No End in Sight

Silver Prices to Hit New Highs in 2010

Court Orders Fed to Disclose Emergency Bank Loans

Unofficial Problem Bank List Grows to 507