Keith B. liked this piece by Ambrose Evans-Pritchard: America slides deeper into depression as Wall Street revels; December was the worst month for US unemployment since the Great Recession began. (Gee: I thought that companies were supposed to avoid December layoffs. So how will the January and February employment stats play out?)
Obama considers levy for rescued firms. (Thanks to Rory for the link.)
From GG: How nation’s true jobless rate is closer to 22%
2010 Bank Failures Start with Two. (The FDIC could become insolvent in the near future–which would mean another huge bailout…) A tip of the hat to W.F.A. for the link.
Items from The Economatrix:
Schwarzenegger Unveils California Budget Cuts
2010: Giant, Gathering Storm Clouds
Harsh Realities: 85,000 Jobs Lost in December, “Real” Unemployment Rate at 17.3%
Commodities Will Roar in the Year of the Tiger 2010
12 Dr. Dooms Shred 2010 Investing Optimism
Tips: Gold May Hit $1,375, Dollar Going Down
Disappointing Alcoa Results Drag Stocks Lower
November Trade Deficit Increases to $36.4 Billion
Fed Posts Record Profits for Last Year