Tom B. and “Word” both sent us this: Tax refugees staging escape from New York. Tom B. described as “voting with their feet.”
Julius suggested an amazing Summary of US Foreclosure Activity. Wow! One in every 23 homes in Nevada is in foreclosure!
An interesting piece over at Housing Storm: Contradictions and Symptoms of the Great Depression
Items from The Economatrix:
Stocks Turn Lower as New Home Sales Fall
New Home Sales Fall a Surprising 3.6%
Treasury, GMAC in Talks for Third Round of Aid
Durable Goods Orders Rise 1% in September (Whoopee! Release the balloons!)
Energy Prices Slide on Surprise Jump in Gas Supply
Worsening Job Picture Fuels Slide in Confidence
Roubini: Carry Trades Fueling “Huge” Asset Bubble
Weiss: The War on the US Dollar
Iranian Oil Bourse Opens
UK: Credit Card Companies Will be Forced to Clean Up their Act
Regulators Prepare for the Next “Big One”
It Will be Difficult for the Housing Market to Return to Normal