Economics and Investing:

A recent piece at the Dr. Housing Bubble blog: Shadow Inventory in 10 Prime Southern California Cities. How Pent up Inventory and Option ARMs are the new Front for the California Housing Market.

K.T. sent this from Dan Denninger: FDIC Deposit fund had negative $8.2B balance in Third Quarter

Jeff B. spotted this: More Evidence Gold is Being Hoarded as Comex Fulfills Gold Contracts with Paper

Items from The Economatrix:

Where Dubai Leads, Britain Could Soon Follow

Lloyds To Suffer Further Job Losses

Fears Of Credit Card Crisis As Bank Write-Offs Double

Peter Schiff: Bull Market in Gold or BS?

Warning on US Muni Market Threat

Britain Faces Return to Victorian Levels of Poverty