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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 [1].

K.T. sent this from Dan Denninger: FDIC Deposit fund had negative $8.2B balance in Third Quarter [2]

Jeff B. spotted this: More Evidence Gold is Being Hoarded as Comex Fulfills Gold Contracts with Paper [3]

Items from The Economatrix:

Where Dubai Leads, Britain Could Soon Follow [4]

Lloyds To Suffer Further Job Losses [5]

Fears Of Credit Card Crisis As Bank Write-Offs Double [6]

Peter Schiff: Bull Market in Gold or BS? [7]

Warning on US Muni Market Threat

Britain Faces Return to Victorian Levels of Poverty [8]