Daily Digest

• Metals And Currencies: A Long-Term Dynamic Strategically Used To Preserve Wealth
• Mauldin: The Glide Path Option
• Dollar Will be "Utterly Destroyed": Strategist (Video) 
• Fannie Mae...up to $200 billion needed
• The Commercial Loan Nightmare Facing U.S. Banks
• Moody’s: Pension Strains Put Pressure on Ratings
• (D.C.) Metro to appeal arbitrators' pay decision
• Auditor: Lorain will have trouble meeting December payroll

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• Peter Schiff Vlog-Web Site Sabotage-Government Stupidity (Video)
• State and Local Pension Gap May Be $1 Trillion, Kramer Says
• N.Y. state 3-year deficit may top governor's forecast
• New Monetary Base number goes even higher
• Dollar shortage in China's foreign exchange market
• Junk Default Rate Is Highest Since Great Depression
• CMBS Delinquencies Swell to 5.5% in October, says BarCap
• Social Security inundated by new disability claims
• Zombie Banks

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• Crisis Compels Economists To Reach For New Paradigm
• State Budgets: How Bad Will It Get?
• Why Dilbert Is Doomed
• FED Gives Banks Deadline To Submit Exec Pay Proposals
• States Are Pondering Fraud Lawsuits Against Banks
• New Role For Goldman: Taking Away People's Homes
• Risks And Rewards On China's New Stock Board
• Small Banks Move In As Giants Falter
• Call It A Smart Thermostat
• Toxic Waste Threatens Vital Water Source In The Southwest

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• U.S. Cuts Borrowing Need 43% for October to December
• More walk away from homes, mortgages
• 33 percent of LA employers in poll will lay off workers in 2010
• Small-Business Bankruptcy Filings Up 44% Year-over-year, Equifax Data Show
• More Muni woes on the horizon (San Francisco)
• Vallejo Voters To Consider Tax On Text Messages
• UC's retirement plan (costs)
• G20 Drive to Rebalance World Economy (a few quotes)
• Default Swaps Contracts Over $3B Triggered By CIT Bankruptcy
• October Personal Bankruptcies Highest Since 2005 Law Changes
• Treasury invites bloggers (Posted by Davos)
• Melt value of old and new coins

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• The Military-Industrial-Congressional Complex
• Geithner "Burned Billions," Shafted Taxpayers on CIT Loan, Prof. Bill Black Says
• The Social Management of Foreclosures
• IMF Sells Gold to India, First Sale in Nine Years
• It is Japan We Should Be Worrying About, Not America
• $2.3 Billion CIT Loss Is Just The Tip Of The Iceberg
• FHA Will Be The Next Giant To Tumble
• Treasury May Block Goldman Sachs, Fannie Mae Deal
• Monthly Business Bankruptcy Filings Rise 7%
• House Health Bill Totals $1.2 Trillion
• What Are The Stakes In The U.S.-China Yuan Tussle?
• Fed's Path To Higher Interest Rates Begins To Take Shape 
• Vladmir Putin's Deputy Visits London Seeking Financial Relief For Russia
• Powering a Green Planet: Sustainable Energy
• Energy Seminar (2008-2009) from Stanford University (Video)
• Meeting The Energy Crisis With Potatoes
• Everybody In The Pool Of Green Innovation
• Snow Cap Disappearing From Mount Kilimanjaro

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• How Goldman secretly bet on the U.S. housing crash
• Commercial Lending Giant CIT Files Bankruptcy
• The Biggest Trade Deal Of The 21st Century
• Japan May Be Worse Off Than America
• Is Catastrophic The New Normal?
• US, EU Urged To Find Common Ground On "Too Big To Fail"
• Madoff Documents Reveal Incredulous, Unfocused SEC
• Credit Card Issuers In Support Of Debt Repayment Program
• How Moody's sold its ratings - and sold out investors 
• California's New Gold Rush 
• Getting Hotter: Geothermal Power Is Attracting The Big Boys
• A New Tool For Wind Power

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• US Economic Growth Deconstructed
• Catching Argentinian Disease
• Burden of Safety Law Imperils Small Toymakers
• Spotlight on Eastern European Currencies and Gold
• The Grim Reality Is That America Is Not Out Of Recession
• Federal Debt: What Happens If Governments Can't Repay?
• FED Held Retreats At Luxury Resorts After Blasting AIG For The Same
• Inflation 'Supply Shock' Inferno
• How And Why China Will Flood the Gold Market
• Tuna ban 'justified' by science
• Solar Hybrid Ferries To Set Sail

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• Data Likely to Credit Stimulus for 650,000 Jobs
• Energy-savings project leaves Army in the cold
• Dead Government Walking
• Stocks Sizzle As China Debuts Nasdaq- Style Stock Market 
• Americans Becoming Increasingly Disheartened 
• 650,000 Jobs Created/Saved By Stimulus? There’s No Way to Know 
• California To Withhold A Bigger Chunk Of Paychecks Starting Sunday 
• Nine U.S. Banks Seized In Largest One-Day Haul  
• Do Banks Have Something To Hide?

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• The Odd Couple
• Dangerous Side Effects of Ultra-Easy Money
• Gold Market Reaching The Breaking Point
• China and Brazil trade in yuan
• U.S. Home Vacancies Rise to 18.8 Million on Defaults (Update1)
• Malpass Says U.S. Economy Will Slow, Enter ‘Gloomy Period’
• Ravitch Says States Face Total Deficits of $500 Billion in 2011
• Moody’s May Downgrade Mortgage Bonds With New Outlook
• Common Currency Weighs on Airbus
• Why The Foreclosure Crisis Is Unsalvagable
• Long Live The Gold Basis
• The Right Way To Break Up With Your Credit Card
• China-U.S. Group Announces Plans to Build Massive Wind Farm In Texas
• Northeast Renewable Energy Projects Are A Growing Trend
• Cheaper Desalination- A Fresh Way To Take Salt Out Of Seawater

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• Few senior traders or bankers believe that fundamentals explain this pattern
• Why Asia must eventually ditch the Dollar
• Urban Wastelands for Sale 
• GMAC And Treasury In Advanced Talks For $2.8 Billion More From Taxpayers
• Proposed Legislation Would Put Bank Rescue Cost on Big Companies
• First Amex And Visa, Now Bartercard- Yes It's For Real
• Largest Growing Economic Force Is Women
• Gravity Of Global Power Moving From West To East
• Roubini: 'We are planting the seeds of the next financial crisis'
• Chicagoans Could Get Paid For Turning In Tax Cheats
• Geithner sees dollar's reign lasting 'long time'
• Tax refugees staging escape from New York 
• Former Chairman of Citigroup: Restore Glass-Steagall
• Financial Services Committee and Treasury Department Release Draft Legislation to Address Systemic Risk, “Too Big to Fail” Institutions
• Goldman Lobbies Senate, Says Full Transparency Sucks
• The 500-lb Gorilla In The Room: The Bogus Ratings of Moodys, Fitch, et al... 
• Reasons For Optimism In The Face Of A Future Economic Crisis
• Living Out The Austrian Economic Forecast: Hyperinflation As A Consequence of Money Printing
• China: The Next Alternative Energy Powerhouse
• The Victory of the Commons

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