GG sent us this editorial by Nouriel Roubini: The worst is yet to come: Unemployed Americans should hunker down for more job losses [1].
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 [2]
As Needlenose Ned Ryerson said (repeatedly): “Watch out! The next step’s a doooozy.” [3] (For some background, see: Dollar Falls to 15-Month Low as Fed’s Support Draws Skepticism [4].) Meanwhile, at the risk of mixing movie metaphors, it’s Hi-Yo Silver, Away! [5]
Items from The Economatrix:
Stocks Post Modest Gains on Rise in Commodities [6]
Factory Production Dips, Wholesale Inflation Muted [7]
Foxwoods Resort Casino Fails to Make Full Repayment [8]. One of the world’s largest casinos, will default, credit downgraded to D
Target Profits Climb 18% in 3Q on Lower Costs [9]
Home Depot Earnings Fall 8.9% in 3Q [10]
Oil Up Again, Settles Over $79 [11]
Dollar Slides Despite Bernanke’s Support [12]
Global Stock Markets Rise to Highest Level of the Year [13]
Gold Prices are a Dead Giveaway [14]
Inflationary Armageddon? Not Yet, But 2011 is Coming [15]
10 States Face Imminent Bankruptcy [16]
Gold’s Record Run: No End in Sight [17]
Silver Prices to Hit New Highs in 2010 [18]