Financial News Update – 11/19/10

AFA’s 2010 listing of top retailers and how they recognize Christmas… Shop “wisely” (Hat Tip: Jean Stoner)

Shooting from the Hip, Sinclair Hits Bullseyes

Elite Scarcity Memes Failing?

Jobless-Benefits Extension Blocked in House as Republicans Balk Over Cost

Obama, Democrats fail to agree on plan for expiring tax cuts

Sources: FCC chief to move on net neutrality proposal (Hat Tip: Brian B.)

S. 3804: Combating Online Infringement and Counterfeits Act (Hat Tip: Brian B.)

Morning Bell: Our Economy Can’t Afford More GM “Success” Stories

Climate Talks or Wealth Redistribution Talks?

Bernanke Takes Aim at China (Hat Tip: Jean Stoner)

Making The Last Use Of Reserve Currency Status (Hat Tip: Jean Stoner)

What Happened To Ireland This Week Could Happen To US Munis Very Soon

SocGen’s Albert Edwards: The Inventory Boom Is About To End And Crush U.S. GDP

There Won’t Be Any Talk Of Decoupling When The Chinese Crash Brings Down Developed Markets

The Rich Dystopian Chinese Village Of Huaxi Just Bought Its Own Air Fleet

Dear Jobless Workers, You’ve Just Been Cut Off

Bernanke’s QE2 May Create 700,000 Jobs, But They’ll Be In Mexico, Peru, And China

Detroit Faces A Hunger Crisis Where 25% Can Afford Only One Meal A Day

What’s The REAL Story Behind Chris Dodd’s Accidental Public DM?

CHART OF THE DAY: Gold Is Plunging…

THE END OF INSTANT GRATIFICATION: It’s Time For America To Stop Eating And Spending And Get Into Shape

Web censorship bill sails through Senate committee (Hat Tip: Jean Stoner) They are coming for the bloggers…

Don’t Blame China — Blame the U.S. Congress (Hat Tip: Jean Stoner)

Obama team gets OK to pay Biden debt (Hat Tip: Jean Stoner)

David Rosenberg: The Fiscal Mess At Local Governments Will Be The Front Page Story Of 2011

One Fifth Of Ireland’s Economy Could Now Go Up In Smoke

Robo-Signing, Chain of Title, Loss Mitigation and Other Issues in Mortgage Servicing (Hat Tip: Jean Stoner)

Outraged Yet? What if Fed Buys Munis? (Will California be bailed out by the Federal Reserve?) (Hat Tip: Jean Stoner)

Congress. Busy as thieves…

Wells Fargo Pays Citigroup $100 Million Over Wachovia

China Will `Inevitably’ Raise Rates in Battle Against Inflation

Bernanke Steps Up Stimulus Defense, Turns Tables on China

Allied Irish Says Reliance on Central Bank Assistance Triples

Obama Health Law Attacked by 63 U.S. Representatives

Fed’s Plosser Says Too Early to Assume Full Easing

Most 9/11 Responders Settle Suits Over WTC Dust

It’s All Your Money: Earmarks Showdown


Inflation fight intensifies

Buchanan: Who fed the tiger?

WTO chief warns against currency wars

Hacker arrested after cracking Federal Reserve

First Lady To Announce 5,000 Salad Bars For Schools

Food police issue ‘food porn’ list

Small investors shunning stock market

Taxpayers in deep water on GM investment

NYC To Close Firehouses At Night To Save Money

Few New Businesses, With Even Fewer Jobs

Metro asks riders to help it lobby Congress

Web Censorship Bill Sails Through Senate Committee


Ray LaHood: Obama’s Power-Mad Cell Phone Czar

The Obamacare Waiver-mania! movement builds

Biden Gets a Bailout

Tent Cities, Homelessness And Soul-Crushing Despair: The Legacy Of Decades Of Government Debt And Mismanagement Of The Economy

U.N. Official Admits: We Redistribute World’s Wealth by Climate Policy

‘Medicare Czar’ Dodges ‘Redistribution of Wealth’ Question After ‘Pathetic’ Hearing


The horrible truth starts to dawn on Europe’s leaders. JWR Adds: They may have to Punt on this one! (Ireland may be ejected from the Euro confab, shortly, and revert to independently issuing the Punt Éireannach. Major financial and currency chaos to follow, no doubt.)

Max Keiser tells the world to Crash JP Morgan, buy silver.

$53,957 in Circulation for Every Ounce of Gold

Why the Irish Crisis is Going Global

The World Shorts the Dollar

Euro Zone Anger at Germany Boils Over

Let them eat cheese: Irish government hands out block of cheddar to every family.

Fed’s Second Round of QE Draws New Fire in Open Letter from Economists

Ireland Has Lost Sovereignty – Now Owed By EU

Ireland Told: Take EU Bailout or Trigger Crisis

Contagion Hits Portugal as Ireland Dithers on Rescue

Foreclosure Class Actions Pile Up Against Banks

Report: Foreclosure Mess Could Threaten Banks

Prepare for Mass Inflation

Think $5 Corn Is Expensive? Some Are Betting on $10 Next Year

No Inflation? Grocery Stores, Gas Prices Tell Different Story

In his Trader Tracks 2011 Predictions, Roger Wiegand is projecting hyperinflation within 24 months.

Hinde Capital’s Ben Davies Says UK, U.S., And Japan Are All At Risk Of Hyperinflation

If You’re Looking For Inflation, Here’s Where To Find It

“The truth will set you free, but first it will make you miserable.” – President James Garfield