Financial News Update – 11/04/10

The Fed goes 3rd World

Now That They’ve Won, Here Are The Major Budget Cuts The GOP Has In Store

Here’s The Big Court Ruling In Ireland That’s Causing Yields To Blow Out

Here Are The 5 New Economic Battles President Obama Faces In The Wake Of The Republican Triumph

David Einhorn’s Chilling Warning: The Fed Would Like To Create Another Asset Bubble

Irish Protesters Occupy Finance Ministry, CDS Spreads Continue To Surge

Here Are The 5 Bitter Pills America Must Swallow To Avoid An Inflationary Nightmare

Not A Single Republican Voted To Raise The Debt Ceiling In February

Here’s The New York Fed’s $900 Billion Strategy For Quantitative Easing 2

The Federal Reserve Just Slammed Savers, And Gave A Huge Gift To The Banks

Unemployment Benefits Are About To Expire For 4 Million Americans

Quantitative Easing And Permanent Zero Are Toxic To Bank Net Interest Margins

Bush on TARP: ‘Absolutely’ Would Do It Again (Hat Tip: Jean Stoner)

Federal Reserve Rains Money On Corporate America — But Main Street Left High And Dry (Hat Tip: Brian B.)

Creation of Debt As The Basis For Growth (Hat Tip: Brian B.)

GM Could Be Free of Taxes for Years

STIGLITZ: We Have To Throw Bankers In Jail Or The Economy Won’t Recover (Hat Tip: Jean Stoner)

China trade: The ‘Dalai Lama Effect'(-8.1% in 2 yrs?) (Hat Tip: Jean Stoner)

Dow Climbs to Highest Since Lehman, 30-Year Bond Slides on Fed (Hat Tip: Brian B.)

Credit Suisse: QE2 Just Made China’s Inflation Threat Much, Much Worse (Hat Tip: Brian B.)

Applications for jobless aid rise sharply (Hat Tip: Nancy Jacques)

Soon, We’ll All Be $1.8 Trillion ‘Richer’!

Tracking Every Pill, Every Piece Of Food – The Internet Of Things Cometh (Hat Tip: Brian B.)

Could Obama’s re-election plan be to devalue the dollar? (Hat Tip: Kim Priestap)

Family Farm Ordered to Destroy 50,000 Pounds of Cheese (Hat Tip: Jean Stoner)

China’s Leg Up in the Rare Earths Market

Fed’s Attempt To Bloat Curve Belly Is Successful As 5s30s Goes Ballistic (Hat Tip: Jean Stoner)

Obama explains $1 billion trip to India (Hat Tip: Curtis Frantz)

Two more states vote to nullify healthcare reform (amend State Constitutions) (Hat Tip: Jean Stoner)

Arizona and Oklahoma vote to reject insurance mandate (Colorado likes Commiecare™) (Hat Tip: Jean Stoner)

The GOP’s First 4 Potential Investigations Of Obama (Hat Tip: Jean Stoner)

General Motors Can Fly Again for Stock Sale (Hat Tip: Jean Stoner)

Sugar Prices Hit 30-Year Highs (Hat Tip: Jean Stoner)

White House, Congress poised for battle over tax breaks in lame-duck session

Fed tries to energize recovery with plan to buy Treasuries

Food Sellers Grit Teeth, Raise Prices (Hat Tip: Brian B.)

India: The Pasha Tour (Hat Tip: Jean Stoner)

34 warships sent from US for Obama visit (Hat Tip: Jean Stoner)

No fireworks for Obama in India (Hat Tip: Jean Stoner)

Bachmann: I begged the Fed not to do it (Hat Tip: Brian B.)

Video Link-Gov Gregoire(D) ‘How the Voters (who voted down all tax increases) Disappointed Us’ ‘Us?’ (Hat Tip: Jean Stoner)

Here’s What You Need To Know About The State Of Foreclosures, And Why They Could Get Much Worse

Morning Bell: Get To Work On Spending Cuts

California Climate Vote More about Protecting Investments

Obama Doesn’t Rule Out Bypassing Congress and Using EPA Regulations to Cap Carbon Emissions (Hat Tip: Brian B.)

S&P: Freddie Mac, Fannie Mae Bailout Could Near $700 Billion (Hat Tip: Jean Stoner)

9 Reasons Why Quantitative Easing Is Bad For The U.S. Economy (Hat Tip: Jean Stoner)

Headlines From 2008: “Zimbabwe Stock Exchange Soars As Others Crash” (Hat Tip: Jean Stoner)

US Debt Crisis: What NOT to Do When Your Country is Broke Bill Bonner 321gold , inc (Hat Tip: Brian B.)

Pay No Attention To The Fed Devaluing Our Currency (Hat Tip: Brian B.)

Inflationary Thursday – Benny Drops the Big One! (Hat Tip: Jean Stoner)

Homeland Security To “Regionalize” Emergency Supplies Over Next 90 Days (Hat Tip: Jean Stoner)

Stocks, Commodities Rally on Fed Stimulus Plan

Gibbs Says Obama `Open’ to Talks on Renewing Tax Cuts

U.S. Banks Face $31 Billion in Loan-Buyback Losses, S&P Says

Ireland Plans 6 Billion-Euro ’11 Budget Cut to Stave Off Bailout


Jobless Claims Turn Higher

Oil hits six-month peaks on falling dollar

Gold rallies to record high as Fed move feeds inflation fear

Obama Lets GM Execs Fly Private Jets Again


Fed to spend $1 trillion to buy gov’t bonds

Germany Concerned

Gregg: ‘We’re Greece’ in a Few Years

Geithner sought economic advice from … Jon Stewart?

These 10 Countries Are Zooming Towards A Fiscal Crisis If They Don’t Slash Spending

Today In Athens: Firefighters Brawl With Riot Police And There Are Bombs Everywhere

Stocks Surge, And Everyone Is Terrified As Hell: Here’s What You Need To Know

Insane Footage Of Riot Police Face To Face With Dublin Protesters

GOP Leader McConnell Already Threatening To Make The US Default

Albert Edwards: QE Failure And The End Of Fiscal Expansion Will Lead To A Mammoth Collapse

Ireland’s Bloodbath Budget: Government Seeks €6 Billion In Adjustments And Foresees Massive Emigration

When Japan First Did QE, Stocks Shot Up And Then Quickly Cratered Massively

Forget Cash-For-Clunkers, QE2 Is Cash-For-Spelunkers

Kyle Bass: Japan Is Doomed, Greece Is Doomed, And “All Roads Lead To Gold”

Ambrose Evans: Ireland Now Looks Like Greece ‘In The Final Hours Before The Dam Broke’

Dow Theorist Richard Russell: Bernanke Is Blowing A Mega-Bubble In Everything

California Cities Have Highest Jobless Rates But Elect Far Left Politicians Anyway

Obama Will Likely Go Around Congress to Address “Global Warming”


Brazil ready to retaliate for US move in ‘currency war’

Gibbs on Health Care: ‘Nothing’ From Election Suggests People Want Repeal

Fed Will Surpass China As Top Holder Of US Debt By The End Of The Month (Hat Tip: Jean Stoner)

Fitch Puts Entire US Residential Mortgage Servicer Space On Negative Outlook (Hat Tip: Jean Stoner)

Watch Out: The World Bank Is Quietly Funding a Massive Corporate Water Grab (Hat Tip: Jean Stoner)


QE2: Many Americans Haven’t a Clue What It Means

OBTW, they also don’t know what “Keynesian” means.

More Mainstream Media Nonsense: US Federal Reserve Decision Expected to Boost American Economy

Freddie Mac Says Net Loss $4.1 Billion

It’s All About The Dollar

US Pensions Reaching A Breaking Point?

US Federal Reserve’s Latest Bubble Threatens Mayhem

Fed Expected to Pump Up to $1 Trillion Into US Economy