Arrow Trucking suspends operations leaves hundreds of drivers stranded [1]. (Our thanks to HPD for the link.)
El Jefe Jeff E. spotted this: Consumer Spending in U.S. Climbs Less Than Forecast [2]
From Chris J.: Economy revised downward (AGAIN!) [3]. Chris’s comment: “It looks like the men in the know have yet again revised the third quarter downward, from 3.5% to 2.8% to 2.2%. Of course this CNN article doesn’t mention that the cash-for-clunkers and home buyer’s credits are estimated to be worth 2.0 to 2.5 percentage points. It takes faith though; the “experts” who didn’t get it right last time assure us that the economy will grow 3% this quarter!”
Items from The Economatrix:
Oil Holds Above $74 After OPEC Output Unchanged [4]
Asian Markets Rise on Stronger US Housing Starts [5]
November New Home Sales Seen Rising 2.3% (But only because of the temporary Federal tax credit. The bottom is is still nowhere in sight!)
Top Execs: Longer, Deeper Recession Ahead [6]
Professional Middle Class Hardest Hit By Recession [7]
Ron Paul: Bernanke World’s Greatest Counterfeiter [8]
Martin Weiss: Three Government Reports Reveal New Looming Risk [9]
While You Were Sleeping…The Economy Collapsed
Small Business Bankruptcies Rise 81% in California [11]
The Ponzi Decade [12]