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The US Economic Crisis: Jobs Continue to Vanish While the Media Applauds “Recovery”

The US Economic Crisis: Jobs Continue to Vanish While the Media Applauds “Recovery” by Shamus Cooke Global Research, February 8, 2010 At first glance it appeared there was a typo in the headlines. The national media reported that, in January, another 20,000 more jobs were lost. Somehow, the unemployment rate dropped, from 10 percent to 9.7 percent. Nobody Full Article

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An Orderly Selloff? Maybe So, But Investors Fear the Worst

Published: Monday, 8 Feb 2010 | 2:04 PM ET By: Jeff Cox CNBC.com Despite a market selloff that by nearly all accounts appears to be both orderly and expected, investors find themselves bracing for→

Two Hedge Funds One Bank? Is There A Concerted Effort To “Destroy” Greece?

Submitted by Tyler Durden on 02/08/2010 10:57 -0500 In the pre-math of the Greek collapse, conspiracy theories are swirling about who keeps blowing Greek CDS spreads wider. The answer, so far→

Fitch Says Prime Jumbo RMBS Near 10% Delinquentby DIANA GOLOBAY

Fitch Says Prime Jumbo RMBS Near 10% Delinquent by DIANA GOLOBAY Monday, February 8th, 2010, 9:50 am The performance of US prime jumbo loan performance within residential mortgage-backed→

HAMP Permanent Modifications Picking Up: BarCapby JON PRIOR

HAMP Permanent Modifications Picking Up: BarCap by JON PRIOR Monday, February 8th, 2010, 6:05 am Modification rates picked up over December and January as servicers converted more trials into→

New Housing Bubble in Canada?

by CalculatedRisk on 2/07/2010 09:51:00 PM From the WSJ: Housing Rebound in Canada Spurs Talk of a New Bubble Canada’s housing recovery has been so rapid that some here are worrying about→

This Crisis Won’t Stop Moving

This Crisis Won’t Stop Moving By GRETCHEN MORGENSON Published: February 6, 2010 YOU know we’re in trouble when we’re told that the economic problems in Greece, Portugal and Spain,→

The Bankruptcy of the United States is Now Certain

The Bankruptcy of the United States is Now Certain by Porter Stansberry Global Research, February 7, 2010 S&A Digest – 2009-11-24 It’s one of those numbers that’s so→

The US Economic Crisis: Jobs Continue to Vanish While the Media Applauds “Recovery”

The US Economic Crisis: Jobs Continue to Vanish While the Media Applauds “Recovery” by Shamus Cooke Global Research, February 8, 2010 At first glance it appeared there was a typo in the→

Greek Ouzo crisis escalates into global margin call as confidence ebbs

For the third time in 18 months the global financial system risks spinning out of control unless political leaders take immediate and radical action. By Ambrose Evans-Pritchard Published: 5:46PM→

The Sword and the Shield: Surround Russia and China with Mobile “Missile Defense” Systems

The Sword and the Shield: Surround Russia and China with Mobile “Missile Defense” Systems by Bruce Gagnon // // // // Global Research, February 5, 2010 Global Network Against→

7 US States That Are Worse Off Than Greece, Portgal, Ireland, And Spain

Gregor MacDonald | Feb. 5, 2010, 1:56 PM | 3,820 | 8 The inevitable coming of the sovereign debt panic finally engulfed Europe this week as the derisively (or perhaps affectionately) named PIGS→

Fannie, Freddie Hold Plenty Off the Books

By Lauren Tara LaCapra 02/03/10 – 09:56 AM EST Stock quotes in this article: FNM , FRE , BAC , C , JPM , WFC NEW YORK (TheStreet) — A look at what’s lying off the books at→

EU on the Brink?

Friday, February 05, 2010 – by Staff Report Joaquin Almunia / Getty The European Commission has ordered Greece to slash public spending and spell out details of its austerity plan within→

Gold Prices In Free Fall: Safe Haven My Asparagus

On Thursday, February 4, gold prices took a front-row seat on the Nosedive Express: In just two hours of morning trading, the yellow metal plummeted more than $40/ounce — its fastest price drop→

Jobs Contract Yet Again; Unemployment Rate Drops To 9.7%

In the continuing theater of BLS absurdities, the unemployment rate fell to 9.7% in spite of a 25th consecutive month of job losses. Some stopped counting at 22 months in November. However, I find→

Unemployed over 26 Weeks and Seasonal Adjustment

by CalculatedRisk on 2/05/2010 11:16:00 AM Unemployed over 26 Weeks Click on graph for larger image in new window. The blue line is the number of workers unemployed for 27 weeks or more. The red→

The Great Global Arms Bazaar

by Michael Werbowski Global Research, February 4, 2010 We all would do well to read or re-read perhaps, Anthony Sampson’s outstanding anatomical study or investigation into the international arms→

Get ready to pay more taxes

With funding cuts to national defense and major entitlements politically unpalatable, the middle class inevitably will be asked to do more to help close the budget gap. By U.S. News & World→

Never Short a Country with $2Trillion in Reserves?

Michael Pettis Feb 3, 2010 5:43PM I am traveling in DC, NY and Boston over the next few days, and between meetings and jet-lag it is hard for me to do much on my blog, but I did want to extend a→

The Battle of the Titans: JPMorgan Vs. Goldman Sachs

We are witnessing an epic battle between two banking giants, JPMorgan Chase (Paul Volcker) and Goldman Sachs (Rubin/Geithner). The bodies left strewn on the battleground could include your pension→

US’s strike threat catches China off guard

By Peter J Brown The United States plans to unveil later this decade a new conventional “Prompt Global Strike” (C-PGS) system. It will enable the US to instantly carry out a massive→