GG sent us this editorial by Nouriel Roubini: The worst is yet to come: Unemployed Americans should hunker down for more job losses.
Jeff B. spotted: Taxpayers on hook as some bailed-out firms prove frail; With CIT in bankruptcy, U.S. is faulted for investing in weakened companies
As Needlenose Ned Ryerson said (repeatedly): “Watch out! The next step’s a doooozy.” (For some background, see: Dollar Falls to 15-Month Low as Fed’s Support Draws Skepticism.) Meanwhile, at the risk of mixing movie metaphors, it’s Hi-Yo Silver, Away!
Items from The Economatrix:
Stocks Post Modest Gains on Rise in Commodities
Factory Production Dips, Wholesale Inflation Muted
Foxwoods Resort Casino Fails to Make Full Repayment. One of the world’s largest casinos, will default, credit downgraded to D
Target Profits Climb 18% in 3Q on Lower Costs
Home Depot Earnings Fall 8.9% in 3Q
Oil Up Again, Settles Over $79
Dollar Slides Despite Bernanke’s Support
Global Stock Markets Rise to Highest Level of the Year
Gold Prices are a Dead Giveaway
Inflationary Armageddon? Not Yet, But 2011 is Coming
10 States Face Imminent Bankruptcy
Gold’s Record Run: No End in Sight
Silver Prices to Hit New Highs in 2010