Reality Bites
Food Stamp use in the United States reaches another record high – One in Eight Americans now on food stamps
Law School Professor says just walk away from your mortgage
Larry Summers – While President of Harvard misguided the investments of endowment funds – $1.8 Billion Loss
(and this is the guy who Obama picked to be the head of the nations economic team)
Making Homes Affordable – Program to curtail foreclosures still does not work – Maybe Plan B will work
Retail Spending – Oh No! Black Friday spending down 8%
Want to get into the Hotel business? – Hotel Owners Behind On Payments
Bankruptcy filings – Increase 34%
Not yet confirmed but definitely something to chew on – TARP recipients banned from making commercial loans ???
(h/t Butch, Jennifer, Al)
These are weird days. At this moment the market looks up due to retail optimism…..and as you say Chuck the Black Friday spending is down 8%
Let’s take the blue pills & join the rest of the Lemmings…………….off to the cliff.
Was reading on my broker ACM site that BoJ steals the spotlight from RBA & called an unscheduled meeting. Reading the analysis there of the market can’t believe, what a couple of moths for the jpy
Last Friday, usd/jpy arrived to the objective at 92.329, which coincided with the 200 days MA. It is regaining positions according to that same ACM site
http://www.ac-markets.com/forex-news/forex-alerts-2010-1-11-09-10-CET-USDJPY-yen-regains-positions.aspx there is also a chat