DOOM: The goggles do nothing

Mortgage default notices surge 33% nationwide. Expect an untick in foreclosures to follow. (Fallout from the "robosigning" debacle?)

You think inflation isn’t a problem? Check out this chart. Inflation isn’t low; it’s hidden (for now). And in some countries, it's already out in the open.

Timmah says there won’t be a Lehman-style event in Europe, but then again, Timmah says lots of things. Other (smarter) people are saying that a Lehman-style event is not only possible, but more likely than not. From Willy the Shake: The plague of Greece upon thee, thou mongrel beef-witted lord!

The slow-motion collapse of the “blue model” welfare state continues.

Tax policy gives me a headache and makes me want to sleep for ten days, but Rep. Paul Ryan has some good ideas which he shares here.

Herr Obama, liebchen, can I have $1 Trillion from your stash? I know I said I didn’t need any more money, but I was telling a schmutzige Lüge.

Funny how it's the Greeks who are going bankrupt, but it's the Germans who are drawing the most anguished attention. I think the frustration regarding Germany boils down to: "Either fish or cut bait."

How would a Greek ejection from the Euro *work*, in a nuts and bolts sense? Given the problems Tyler discusses in this piece, any transition is going to be a real mess.

It’s almost as if ObamaCare was thrown together as a purely political ploy, with no thought given as to how to actually pay for any of it. Pass the bill to find out what's in it! (F**k you, Nan-nan. Right in your Botoxed ear.)

Speaking of ObamaCare: The specter of this looming government disaster is part of why businesses aren't hiring.

What will the so-called “Supercommittee” be able to accomplish? If history and common sense are any guide: very little.

We get our very own "lost decade". I think I'm turning Japanese! I really think so!

Thomas Sowell: "Don't just do something! Stand there!"

We're not the only ones who have noticed that all of Obama's jobs schemes seem to target "blue" states.

In short, the bond market has concluded that the more unionized the state and the bluer its political coloring, the riskier it is to hold bonds marketed by that state.

Louis Woodhill of Forbes agrees with me: electric cars are a really stupid idea.

Sauron speaks from Mount Doom: The can has reached the end of the road.

Voters in Hollywood, Florida vote to cut pensions of cops, firefighters, and city employees. Expect a court fight from the various unions, of course.

UPDATE 1: Has the great Chinese bond sell-off begun? Like I said earlier in the thread -- it might be a good time to rebalance your portfolio.

UPDATE 2: Yeah, we're in hock up to our ears and have no prospects of higher growth going forward, but what the hell...let's bail out the rest of the world! If we're gonna go down, let's make a big splash while doing it! Plus, this'll make everyone love us, right? Right? (From mcat in the comments.)

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posted by Monty at 09:07 AM

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