FOMC Announcement: A Divided Fed

It’s Too Late for Obama to Create Jobs, Says ECRI’s Achuthan

Wall Street Aristocracy Got $1.2 Trillion in Secret Fed Loans

How The Economy Quietly Entered A Recession On Friday, And Why The GDP Predicts A Sub-Zero Nonfarm Payroll Number

The YoY change in real GDP, which is now at 1.5%, is a slam dunk indicator of recession: "Since 1948, every time the four-quarter change has fallen below 2 percent, the economy has entered a recession.

Real GDP YoY:

And Real GDP YoY vs NFP:

And lastly, sealing the deal for the "recession" argument is the following data from John Lohman which finds that the collapse in real-time economic data over the past three months is the sharpest in history.

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The U.S. Economy is Unsustainable

Webster Tarpley 'NATO playing dirty tricks in Libya war

The Fed Is Paying Banks to Sit on Cash But They’d Rather Be Lending It, Says Mark Dow

Charting The Biggest Structural Problem For US Banks, And What The Market Expects From Jackson Hole, Version N+1

What this chart demonstrates is that banks, whose liabilities (deposits) are collateralized with IOER-interest bearing reserves, will sooner or later be forced to transform these holdings into risky loan-based assets. The question is whether there is enough cashflow-worthy collateral to absorb this transformation of about $1.7 trillion in fungible money. It also means that endogenous risk in the banking system will spike if and when the Fed weans banks to pull away from the safety of the IOER window, and into the far riskier, and far better paying real world.

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The Fainting Bankers of Wall Street

Marc Faber on Bloomberg

Latest Hurricane Irene Forecast For Connecticut

Gold Going Higher and Higher

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Buffett Has “Hidden Agenda” When It Comes to Higher Taxes: James Altucher

Cracked Fukushima: Radioactive steam escapes danger zone

Jon Stewart On The Ron Paul Media Blackout

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Downgrade for the ratings agencies?

Marc Farber on the Fed & Gold

Consumers Lose Confidence, as Do Once-Hopeful Economists

Forget 2008, This Is Like 1987, David Kotok Says

Weekly Outflows From Domestic Equity Mutual Funds Surge To $13 Billion, Nearly Surpass Post-Flash Crash Record

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What Can the Fed Do?

August 9th at 0805 UT - X-ray Solar Flare, X-Class Solar Flare

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S&P double standards? Trust in credit agencies down to junk

Marc Faber "Next Week We Will See If Bernanke Is A True Money Printer Or Just An Amateur"

Market-Wide Circuit Breakers Are Now Off And Only A 3,600 Drop In The DJIA Will Halt Trading

DJIA will force a market close for the day, unlike the FTSE MIB and the Liffe where a 4% drop is sufficient.

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Texas "Dead Fish & Water Turns Red like Blood" Wednesday, July 27, 2011 Update E.L.E.nin NEWS

Why a Balanced Budget Amendment Won’t Stop Washington’s Spending Spree

Record-high radiation at Fukushima since quake & tsunami struck

Tokyo Electric Power Co., operator of Japan’s crippled Fukushima Dai-Ichi nuclear plant, said it detected the highest radiation to date at the site.

Geiger counters, used to detect radioactivity, registered more than 10 sieverts an hour, the highest reading the devices are able to record, Junichi Matsumoto, a general manager at the utility, said today. The measurements were taken at the base of the main ventilation stack for reactors No. 1 and No. 2.

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"This Whole NATO Operation Is Going Very Badly In Libya"

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