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 [1]. (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 [2]. (Thanks to Rory for the link.)
From GG: How nation’s true jobless rate is closer to 22% [3]
2010 Bank Failures Start with Two [4]. (The FDIC [5] 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 [6]
2010: Giant, Gathering Storm Clouds [7]
Harsh Realities: 85,000 Jobs Lost in December, “Real” Unemployment Rate at 17.3%
Commodities Will Roar in the Year of the Tiger 2010 [8]
12 Dr. Dooms Shred 2010 Investing Optimism [9]
Tips: Gold May Hit $1,375, Dollar Going Down [10]
Disappointing Alcoa Results Drag Stocks Lower [11]
November Trade Deficit Increases to $36.4 Billion [12]
Fed Posts Record Profits for Last Year