Financial News Update – 10/28/10

Meet The 5,355 California State Workers Who Earn More Than $200,000

Economists: Unemployment Won’t Drop to Normal Until 2018

You Know The Greece Crisis Is Making A Comeback When Even The Prime Minister Himself ‘Sounds The Alarm’

It’s Over: Bill Gross Declares That The 30-Year Bull Run In Bonds Is Coming To An End

Here’s How The Market Will React If It Turns Out Bernanke Was Just ‘Trying Out A New Putter’

If Stocks Don’t Fall Off A Cliff Today…

The Aging, Crisis-Prone Welfare State Must Confront The Problem Of Welfare Migration

Step One To Save California: Disincorporate The 90-Person Pseudo-City With A $300 Million Budget

The 2010 Contraction Is Now Crushing Consumers More Than The Great Recession

Actually, The Huge Report On Weak QE Is Having A Very Negative Effect

This Appears To Be Worthy of JAIL – RIGHT NOW (Hat Tip: Jean Stoner)

Now Zee Cat Is Scampering….. (Hat Tip: Jean Stoner)

U.S. Seeks to Shield Goldman Secrets (Hat Tip: Jean Stoner)

Why your bank does not own your mortgage (Hat Tip: Jean Stoner)

“Bush tax cuts created deficit” Not.

The scary actual U.S. government debt (Hat Tip: Jean Stoner)

Divvying Up Blame for Economic Ignorance

The US$200-Trillion Debt Which Cannot Be Named

Is There Life After Sudden Death of the International Banking System?

Foreclosure Crisis Worsens in Most U.S. Metros (Hat Tip: Jean Stoner)

Imminent Big Bank Death Spiral Means Gold Price Will Sky Rocket (Hat Tip: Jean Stoner)

Jeff Rubin: Speculators Will Drive Oil Prices To Triple Digits Within Months

It Gets Worse In Europe: Portuguese Budget Talks Break Down, As Country Follows Greece To The Brink

Baby Boomers: Get Out of the Stock Market Now, the Rug is Being Pulled Out By Insiders (Hat Tip: Jean Stoner)

A Paralyzed Fed Defers Decision On Monetary Policy To Primary Dealers In An Act That Can Only Be Classified As Treason (Hat Tip: Jean Stoner)

Robust Economy Needs Affordable Energy

Obamacare Subsidies Are Not a Free Lunch

Analysts Warn of Food Shortage Crisis (Hat Tip: Brian B.)

Shiller: Recession May Hit Soon as Economy Caught in ‘Liquidity Trap’

David Levy: No Economic Recovery in Sight

No more beef and cheese: Go vegetarian, by order of Government food police (Hat Tip: Brian B.)

$8 billion spent, no records kept (Hat Tip: Brian B.)

German Unemployment Dips to 18-Year Low in October (Hat Tip: Jean Stoner)

UPDATE 3-JPMorgan, HSBC sued for alleged silver conspiracy (Hat Tip: Brian B.)

Michelle Obama’s $400 Million ‘Food Desert’ Scam (Hat Tip: Brian B.)

Republicans, Heading for Big Gains in Congress, Prepare a Spending- and Tax-Cut Agenda (Hat Tip: Brian B.)

65% Favor Getting Rid of Entire Congress and Starting Over (Hat Tip: Brian B.)


Obama Defends ‘Timid’ Health Care Law: Change Won‘t Happen ’Overnight’

Michelle Obama Wants $400 Million for Non-Existent ‘Food Deserts’

Why Are You Spending Millions to Send Gov’t Employees to Harvard?

CBO Director: ObamaCare Will ‘Discourage People From Working’

Is Crime Making A Comeback? 12 Crime Statistics That Make You Wonder What Is Happening To America

Bank of America = Bank of Democrat America?

Is Health Care Law Doomed After Election?

Foreclosure ‘Epidemic’ Spreads

Top 20 Metro Areas by Foreclosure Rate

Chinese Supercomputer Trumps US One as World’s Fastest


German Unemployment Dips to 18-Year Low

BOOM: Internet accounts for 7.2% of British economy

NJ governor cites dollars, cents in killing tunnel

REPORT: Gore leaves car idling for one hour during speech; Opts for Swedish government jet over public transportation


French protest again on pensions but fatigue weighs

Taxpayers covered $9 million in cosmetic surgery for NY teachers

HOW MUCH YOU NEED? Fed Asks Dealers to Estimate Size, Impact of Debt Purchases

It’s Crazy Time… Obama Tells Jon Stewart: “Democrats Want to See More Progress” …Ya Think?

Obama: Dems Aren’t Running On Obamacare Because Americans Are Misinformed & Stupid (Video)


“Crisis is an Opportunity”: Engineering a Global Depression to Create a Global Government

Greece reignites Europe debt woes

Reid: But for Me, We’d Be in Worldwide Depression

Brett Arends: Warning: Retirement Disaster Ahead

Durable Goods Orders Rise, Business Spending Cools

Stocks Fall Amid Questions About Fed Plan

Northfolk Southern 3Q Profits Soars As Shipments Rise

Gerald Celente: The Economy, Wars, What’s Next?

Night Of The Living Fed

China Ministers: Dollar Printing Out Of Control

The Monetization of Lumber

National 17.5%, California 22% Global Food Crisis Forecast As Prices Reach Record Highs

Fed looks set for new round of monetary easing

A Quick Glance at Real World Inflation

Federal Reserve Asset Buying May Reach $2 Trillion, Goldman’s Hatzius Says

Dollar Selloff Is Going ‘Too Far, Too Fast’: Strategist

Greece Likely to Default Within Three Years, El-Erian Says

Seal Beach home from a price listing of $2,900,000 to selling for $900,000. Chasing the housing market down.

Insider Selling Volume at Highest Level Ever Tracked

Stocks Eke Out Gains On Mixed Earnings

Consumer Confidence Rises Only Slightly in October

Steel Industry’s Outlook Gloomer on Slower Growth

Foreclosures Push Home Prices Down in Many Cities

Gold Continues to Outshine the Field

Crooks Stealing Consumable Goods: Beer & Food A sign of things to come…”A crime alert in Chesterfield [Virginia], where robbers want your food and beer — and will use violence to get them. Right now police are handling 16 investigations in which crooks snatched edible goods from homes, cars and people on the street.”

California Is Broke: 19 Reasons Why It May Be A Good Time To Leave “The unemployed in California is equivalent to the populations of Nevada, New Hampshire, and Vermont.”

TIPS Inflation Bonds Get Negative Yield for First Time

Bernanke Asset Purchases Risk Unleashing 1970s Inflation Genie

Germany Calls Out Geithner’s Hypocrisy, Says Money Printing Is FX Intervention

Dollar At Risk Of Becoming “Toxic Waste”

Oil Could Hit $100 Barrel Soon, Says JPMorgan

Coffee at 13-Year High, Sugar Surges

Rising Cost of Kimchi Alarms Koreans

Global food crisis forecast as prices reach record highs

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