"Bank lending in China today is higher then in the United States and its a smaller economy. We also have a credit bubble in China and their dilemma is if they would do the right thing, the economy would go into recession. So, they will postpone it like every other government will do and eventually you have a bursting of the bubble ( Read more... )

Retired judges are rushing through complex cases to speed foreclosures in FloridaBy Matt Taibbi ( Read more... )

Awesome chart, from Visualizing Economics:
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click for larger graphic

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From TruthDigSep 23, 2010 ( Read more... )

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According to ECRI itself, about the only reason why their own Weekly Leading Index is -not- flashing imminent recession ahead, is that their Long Leading Index has not been collapsing in kind, albeit much lower, and clearly pointing to a second-half "slowdown," itself.

Being that our current macro state of affairs arguably more closely resembles ( Read more... )

Zero Hedge
ECRI Leading Economic Index Drops To 44 Week Low, Predicts Massive Economic Contraction


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by Gaius Publius on 5/24/2010 08:40:00 PM

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