Never Forget the Fed Caused the Economic Downturn    





Bernanke Only Adds Fuel to the Fire with Quantitative Easing 




Albert Edwards: China is a "Freak Economy" and it Will Crash, and Take Down the Rest of the World. 

Market Commentary From Russ Certo On Complacency, "Year End Illiquidity In The New Year" And Risk Correlation

Commodities Beat Financials Making Silver Top Pick  

 

Fraudclosure Settlement Imminent

 

ECB Monetization Sterilization Back On Track After Last Week's Failure

 

Frontrunning: January 4

Submitted by Tyler Durden on 01/04/2011 07:39 -0500

• Goldman Investment in Facebook May Draw SEC Scrutiny (Bloomberg) ...but won't
• Currency Carry Trade Losses May Bolster U.S. Dollar (Bloomberg)
• Brown Says Calif. Budget He Proposes Next Week Will Be "Painful" (Bloomberg)
• Special Report: California or bust (Reuters)
• When States Default: 2011, Meet 1841 (WSJ)
• Setup and Resolution (Hussman)
• China Promises to Buy Spanish Bonds (FT)
• Moynihan Fights Fires at Bank of America Amid Book-Value Doubts (Bloomberg)
• Italian Banks Wage `War on Cash' as Consumers Pass on Plastic (Bloomberg)
• Curbs On Realty Buys To Remain In 2011 (China Daily)
• Beijing Residents Rush to Register Cars on New Quota (Bloomberg)
• Obama urges Republicans to help him revive economy (Reuters), because $14 trillion in debt is for amateurs

Baltic Dry Plunges 4.5%, At Lowest Level Since 2009