left right politics showbiz tech invest good life gossip fun hot
HuffingtonPost Hot Air Wonkette Variety Engadget Seeking Alpha Lifehacker TheSuperficial Daily Beast Drudge
Daily Kos Michelle Malkin Politico Billboard Boing Boing TheBigPicture Luxist TMZ.com Fark digg
ThinkProgress RightWingNews First Read CNN Showbiz Gizmodo FT Alphaville Joystiq Perez Hilton 4chan memorandum
Crooks+Liars Power Line CNN ticker E! Online Techcrunch InfectiousGrd Kotaku gamer Bastardly Post Secret Techmeme
TalkngPtsMemo Ameri..Thinker Swampland TV Guide Ars Technica 24/7 Wall St. TreeHugger Egotastic hascheezburgr tweetmeme
The Raw Story NewsBusters The Caucus Ent. News Mashable bloggingstocks Consumerist PinkIsTheNew dooce trends
Hullabaloo Wizbang fishbowlDC HlywdWiretap Google blog DealBook lifehack.org CelebrityBaby Someth'nAwful Megite
Atrios The Corner WashWhisprs DeadlnHllywd Read/Write Jeff Matthews 43folders GoFugYourself Neatorama PSFK
Firedoglake Big Hollywood The Fix MSN Ent. OReilly Radar PhilsStockWorld Autoblog Page Six Cool Hunter reddit.com
MyDD AndrewSullivan Capital Gains Rot'nTomatoes GigaOM Daily Rec'ng Deadspin BestWeekEver stereogum Timespop
Americablog AceOfSpades Open Secrets Cinematical ProBlogger Zero Hedge DownloadSqd Dlisted CuteOverload media eye
LiberalOasis Redstate WikiLeaks law Cool Tools Bespoke MediaZone PopSugar Dilbert blog TVNewser
SeeTheForest Jawa Report econ law.alltop Scobleizer BtwTheHedges Deviant ArtHollyw'dTuna gapingvoid BuzzMachine
TalkLeft Patterico EconLog Volokh Consp. Apple Blog Minyanville Gothamist x17online DailyGrail Gigaom
Feministing Townhall.com Freakonomics Legal Insurrec.. Valleywag Fast Money Curbed DailyBlabber Prof. Hex Steve Rubel
PolitAnimal OutsideBeltwy CrookedTimbr Conglomerate mozillaZine RealClearMkts FabSugar Gawker OvrheardinNY MediaBlgNRO
Truthdig Moonbattery MarginalRevo SportsLawBlog Smashing W$J Mktbeat Gridskipper Radar Last.fm Threat Level
AlternetPeek RealClearPoli crime W$J Law BlogTechdirt AbnormalRtrns Material Defamer kottke.org Seth's blog
Pandagon Instapundit CrimeblogsBalkinizationMAKE RandomRoger Sartorialist Jossip PumpkinChuckin mediamatters
Shakesville Hugh Hewitt AMW Credit Slips SrchEngLand Stock Advisors Drink'nMadeEasy Just Jared Maps Mania Newshounds
Sadly, No! RightwingNut CourtTV FindLaw VentureBeat Slope of Hope Mark Cuban Celebitchy CollegeHumor FAIR

Tuesday, December 16, 2008

The Crash of '08 Roundup — December 16, 2008

Items of Interest:

The Numbers:

  • November Housing Starts 625,000 vs. 736,000 consensus estimate, October starts revised to 771,000 from 791,000 [based on an annual rate]
  • November Core CPI +1.1% vs +1.5% consensus, prior +3.7%
  • November Core CPI month/month comparison: +0.0% vs +0.1% consensus
  • November CPI y/y +1.5% vs +1.1% consensus
  • November Building Permits 616,000 vs 700,000 consensus
-----
CNNMoney:
Housing permits, starts hit record lows -- Housing permits fell more than 15% to an annual rate of 616,000 last month, the Commerce Department said, while starts slid nearly 19% to an annual rate of 625,000....

CNNMoney:
Consumer prices fall by record 1.7% -- Prices fell by the greatest amount since the Department of Labor began publishing seasonally adjusted changes in February 1947...
----
Bailout Nation Debate:

Washington Post:
Majority of Public Opposes Auto Rescue — Poll Finds Most Blame Industry for Problems, Believe Failure Won't Hurt Economy — Most Americans continue to oppose a government-backed rescue plan for Detroit's Big Three automakers as majorities blame the industry for its own problems …
Discussion:
James Joyner / Outside The Beltway: Public Opposes Auto Bailout
Doug Mataconis / Below The Beltway: American Public Continues To Oppose Auto Bailout
Eugene Robinson / Washington Post: Only a Lunatic Wants Big Three to Fail

Related:
Kurt Brouwer / Fundmastery
GM & Toyota - A Tale of Two Car Companies - Last year, both companies sold lots of car and trucks. In fact, total worldwide sales were almost the same so each company did pretty well...

Todd J. Zywicki / Wall Street Journal:
— Washington hates the idea because it would lose leverage. — While Washington tries to arrange a bailout, the Detroit Three auto makers and their union, the United Auto Workers, keep insisting that bankruptcy would be the kiss of death. ...
Discussion:
Andy McCarthy / The Corner:
----
Reuters:
Shock waves spread from Madoff scandal -- Shock waves from Bernard Madoff's alleged fraud spread globally on Monday, as charities, wealthy individuals and banks disclosed losses from the prominent Wall Street trader's investment management business.

Britain's HSBC Holdings Plc was the latest bank to join the growing list, saying it had exposure of around $1 billion, making it one of the biggest victims of the alleged $50 billion fraud.

Royal Bank of Scotland Group Plc and Man Group Plc in the United Kingdom, Japan's Nomura Holdings Inc and France's Natixis SA also said they were hit by the worldwide scandal...
----
Diana Olick / CNBC Realty Check:
Foreclosures: Are Home Buyers Missing An Opportunity? -- You’d think now would be a great time to buy a foreclosed property, but a majority of Americans don’t think so. A new survey from real estate search site Trulia.com and foreclosure sale site RealtyTrac.com finds that only 47 percent of those surveyed would consider buying a foreclosed property, that’s down from 54 percent last spring....
----
----

zero hedge

Calculated Risk

Mish's Global Economic Trend Analysis

Paul Krugman - NY Times

The Big Picture - Barry Ritholtz

naked capitalism - Yves Smith

Pragmatic Capitalism

Washington's Blog

Safe Haven

The Daily Capitalist

Paper Economy

The Daily Reckoning - Australia

GLOOM AND DOOM REPORT

Financial Sector and Stocks Analysis from Seeking Alpha

Gold / Oil

Loading...