From GG: Revelations of hidden Greek debt “last straw”. And here is a related news story: EU toughens demands on Greece
Flavio sent this linkio: It’s Official: California Housing Production Reached New Low in 2009. Down 83% from the 2004 peak!
Pioneering blogger Hugh Hewitt says: We Are Headed For A Fiscal Stroke. (A tip of the hat to Damon for the link.)
Chad S. flagged this: U.S. May Lose 824,000 Jobs as Employment Data Revised
Items from The Economatrix:
Note from JWR: Cheryl (aka The Economatrix) wrote me to mention that there is up to two feet of fresh snow expected there soon, as well as high winds and some freezing rain. So she might be out of contact. Throw another log on the fire, Cheryl!
False Hope in Financial Free Lunch (The Mogambo Guru)
Jim Rogers: Federal Reserve is Worsening the Depression
The Subtle Nationalization of the Banks and Housing Market
Homeowners May Still Owe Even After Foreclosure