Karen H. mentioned this sobering piece, also subsequently sent in by several other readers: Foreclosures: ‘Worst three months of all time’
The latest from Dr. Housing Bubble: A Comprehensive Look at the Southern California Housing Market: 60,000 Properties Listed on the MLS but over 100,000 in Shadow Inventory. California and Nationwide Median Home Price Trends since 1968. Say Good-Bye to Option ARMs.
Also from Karen: Dollar to Hit 50 Yen, Cease as Reserve
IRS Intensifies Global Hunt for Secret Offshore Bank Accounts
Desperate Dollar Heading to the Basement. (BTW, they concur with my comments on the USDI‘s crucial support level: 72.)
Items from The Economatrix:
Dow Passes 10,000 For First Time In A Year. There’s another sheep to be shorn every minute…
JPMorgan Earns $3.6 Billion, But Loan Losses Remain High
Bank Regulators: Real Estate Loans Biggest Concerns
Watchdog: Treasury and Fed Failed in AIG Oversight
Sept. Retail Sales Fall 1.5% Post-Clunkers
The End of Money and the Future of Civilization
2008 Debt Crisis Morphed to 2009-2010 Dollar Crisis