Financial News Update – 11/12/10

Meredith Whitney Speaks Out On Political Gridlock, The Crisis In New Jersey, And The Never-Ending Mortgage Crisis

Soro’s Behind Obama’s Failed Stimulus Package (Hat Tip: Jean Stoner)

If You’re Still Not Convinced That Government Spending Cuts Will Hammer The Stock Market…

Jeremy Grantham: The Fed Is Creating Its LAST Bubble

Irish Yields Near 9% As Government Warns Of A “Very Serious” Situation

Disney Just Plunged On Bizarre Premature Earnings Release

Ireland Bond Yields And CDS Surge, Bailout Being Planned

MAP OF THE DAY: Over Half Of America’s Foreclosures Are Occurring In These 5 States

The Really Worrying Part About Chinese Inflation: It’s Being Driven By Food Prices

Chinese Rating Agency Dagong: America’s Economy Is Actually Less Than Half The Size It Claims To Be

The 20 Cities With The Most Underwater Homes

Congratulations To Cisco Insiders For Dumping 6,620,750 Shares, 60% Of Holdings In The Past 6 Month

IEA: China Will Create A ‘Golden Age’ For Natural Gas

El-Erian Has Been Calling For A “New Normal” For 3 Years, And There’s Never Been Anything To Back It Up

Debt Commission Recommendations – “Expansion Of Government” (Hat Tip: Jean Stoner)

World Chaos – Global Success Story?

Besmirch & Divert

Deficit report favors ‘do-nothing Congress’

Liberals Press Obama Not to Extend All Bush Tax Cuts

The GOP’s Earmark No-Brainer

Yes, We Can! (Avoid Greece’s Fate)

Media Spins Illusion of Hope and Change

Malkin: Throw Carol Browner Under the Bus (Hat Tip: Nancy Jacques)

The 1099 Democrats (Hat Tip: Brian B.)

The State Worker: Jerry Brown won’t have to say ‘no’ to one big contributor { SEIU } (Hat Tip: Jean Stoner)

The Dollar: Every Man For Himself (Hat Tip: Jean Stoner)

When The Markets Wise Up (Hat Tip: Jean Stoner)

Obama’s Ed Plan Is Anti-Ed (Hat Tip: Jean Stoner)

Incoming House Commerce Chairman Opposes Fed Buying $600 Billion in Govt Debt (Hat Tip: Brian B.)

Obama’s Stunning Anti-democracy Comments (Hat Tip: Jean Stoner)

It’s Not the “Great Recession”. It’s the Great BANK ROBBERY (Hat Tip: Brian B.)

G-20 refuses to back US push on China’s currency (Hat Tip: Jean Stoner)

Obama Sharpens Yuan Criticism as G-20 Defers Action Over Trade Imbalances

G-20 Backs Gradual Currency Moves, Trade Monitoring

Fed Buys $7.229 Billion of Treasuries as Easing Resumes

Gary Shilling Sees `Significant’ Stock Selloff Within 12 Months

Irish Debt Surges by Most Since May 10 EU Bailout Plan on G-20

China, Brazil Top U.S. as Best Places for Investors, Poll Shows

Feds Paying to Flout Immigration Laws?

Post Office Loses $8.5 Billion Last Year

G-20 Won’t Endorse Obama’s Currency Plan


Secret WALMART Survey Shows Inflation Already Here

Obama’s economic view rejected on world stage

UPDATE: G-20 refuses to back US push on China’s currency

Sarkozy questions dollar’s dominant role in world

IMF Shadow Looms; Irish Take Pay Cuts to Avoid Bailout

White House Staffers Got a Bigger Raise Than You Did Last Year

Cash-strapped Florida city loses police, fire protection after failing to pay bills

Jindal slams president in new book

Questions Gulf Relief Effort

New deepwater drilling permits: Zero

7 of 10 richest counties — surround DC

Fed agents raid gov’t offices in DC suburb, arrrest county executive

Soros’s Role in Kenya Chaos (Hat Tip: Jean Stoner)

Soro’s Funds J Street (Anti-Islaeli Activist Group) (Hat Tip: Jean Stoner)

Organizations Funded Directly by George Soros and his Open Society Institute (Hat Tip: Jean Stoner)

Soro’s Funds The Project on Death in America (Hat Tip: Jean Stoner)

The Secret Financial Network Behind “Wizard” George Soros (Hat Tip: Jean Stoner)

Obama’s Trade Strategy Runs Into Stiff Resistance (Hat Tip: Jean Stoner)

Morning Bell: The Obamacare Burden To Your State Budget

America Declines To Lead

Brazil’s President: World Headed for ‘Bankruptcy’ Unless Rich Nations Act

China’s SAIC Poised to Buy Stake in GM IPO

Line Up to Give Up Your Rights (Hat Tip: Brian B.)

Next Meeting of ‘Stimulus Waste Prevention’ Panel: Ritz Carlton Hotel, Phoenix

Obama Lauds Pelosi as “Outstanding Partner” in Advancing Agenda

Mission Accomplished… Obama Celebrates America’s Diminished Role in World

Sham Headline of the Week: “Obama Says He’s Not Caving on Tax Cuts”

Quantitative Easing: At a Certain Point You’ve Made Enough Money

No More Fi$ting Tips For Your Child?… Debt Commission Wants to Eliminate Safe Schools Czar

Obama’s Debt Commission Recommendations Include $961 Billion in Tax Hikes

Time: Hyperinflation Will Be Tea Party’s Fault (Oh, horse puckey… We all know who caused this – Obama and his financial apocalypse horsemen.)

Middle class downsizes as good jobs vanish (Hat Tip: Jean Stoner)

China Markets down 5%, DOW Futures down 90 pts. Europe Markets all down and falling this AM (Hat Tip: Jean Stoner)

Obama Assails China on Trade, Monetary Policy (US decline “a healthy thing”) (Hat Tip: Jean Stoner)

US govt under Obama funded conference that accused US military of atrocities (Hat Tip: Jean Stoner)

Bernanke’s worst nightmare: Ron Paul (Hat Tip: Brien B.)

Think $5 Corn Is Expensive? Some Are Betting On $10 Next Year (Hat Tip: Brien B.)

Get Ready for the Great MERS Whitewash Bill (Hat Tip: Jean Stoner)

The 8,011-Person Crisis, ObamaCare’s pre-existing condition program is a bust. (Hat Tip: Jean Stoner)


The rest of the world goes West when America prints more money. Here is a key quote: “This crazy money-printing is going to be seen as the primary cause of Western inflation, food riots and a commodity price spike.”

Is Soros Betting on U.S. Financial Collapse?

Two Million People About to Be Denied Unemployment Benefits

Chinese Credit Rater Downgrades U.S.

Centro, facing money problems, plans to combine, eliminate routes north and west of Syracuse.

Coming Inflation To Not Only Make Dollar Worth Less, But Worthless!

Packagers and Supermarkets Pressured to Pass Along Rising Costs

Credit Suisse: QE2 Just Made China’s Inflation Threat Much, Much Worse

The Price of Oil is Going Up, The Price of Food is Going Up, and Now Here Comes Quantitative Easing

Le emperor sans culottes: Texas Governor Rick Perry correctly opined “…Social Security is bankrupt and is a Ponzi scheme, and if you’ve got a young 20-something-year-old, they know for a fact that they’re not ever going to see that.”

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