Economics and Investing:

Day of reckoning for shadow inventory and distressed properties – 40 percent of properties in foreclosure have not made a payment in two years or more.

Bill Fleckenstein interviewed about gold and the European credit debacle. (Thanks to J. McC. for the link.)

Items from The Economatrix:

Trucks, SUVs Power Strong Auto Sales in October

No Major Fed Moves Expected Despite Europe Fears

Factory Activity Slows as Economy Stays Sluggish

Bill Whittle has some biting commentary on the “rich” and “poor” in America.