Another great article by Mike Shedlock - congress sets up another 4 trillion bank giveaway

http://globaleconomicanalysis.blogspot.com/2009/12/congressional-legislation-introduced-by.html

So once passed, the Stock Market can be safely 'imploded' again, right?

Look out below....

Autumn of the Republic?

http://www.truthout.org/1227091

The most recent 50 visitors, where are they from?

If I wanted to pay for the privilege, I can plot the most recent 1000, which makes a denser map, but this is O.K., kind of fun....Some big cities have more than one of my readers represented here...On slow days I sometimes check this a few times a day and watch the patterns change.....

I saw the film 'AVATAR' last night...dazzling...must see...

I highly recommend this film. The special effects are amazing, but the story is very appropriate, speaking to the issues of Empire, and the effect it has on people both within it and outside of it. I don't want to give you a dry review, and I will say to you, it will tug at your soul in a very unique way. You must see this...you owe it to yourself...

Market Surprise for 2010?

http://www.howestreet.com/articles/index.php?article_id=11976

Everything that can be said about the truth....

http://www.financialsense.com/stormwatch/geo/pastanalysis/2009/1218.html

The coming fierce political infighting among Elites...

Note that the author lays the groundwork for this conclusion in the unavoidable decline in tax revenues one would expect when you bring on a whole slew of new taxes in the midst of an economic decline. This is already what we're seeing in discussions occurring from the national level, to the state and city/county levels. With tax levels falling, from both voluntary and involuntary withdrawal of players from an out of control, unfair economic/political system, the Elites and other 'protected' groups begin to 'go after' and cannibalize each other's revenue streams....

http://www.oftwominds.com/blogdec09/2010trends12-09.html

John Williams explains the risk of hyperinflation.

http://www.fairfieldweekly.com/article.cfm?aid=16014

More detailed market discussion...

http://www.thebullbear.com/profiles/blogs/a-couple-of-exponential-nodes

Debt clock ...

Forwarded to me by Bill Stockwell...very neat...

His comments:

Amounts are continually updated.
When you first look at the website, it is rather overwhelming,
but as you scroll across the screen, many of the numbers
represented there are referenced in the investment and news articles.

http://www.usdebtclock.org/

It's amazing how sanguine we've become about how these numbers are rolling up and increasing....

A couple of nodes overlapping on Monday, the 28th of December...

Looking at the bottom chart we have a set of overlapping nodes ( a .5000 and a 1.000) on December 28th relative to the A-B-C patterns I have labeled. This is only occurring on the $NDX, nothing similar is happening on the $SPX. The $NDX chart (the one in the middle), though is more interesting anyway, as it looks like that index is attempting a breakout through the trendline that has contained it. Where it stands at the moment, it has not yet achieved a confirmed breakout, as that happens only after a little more penetration then what's shown here. So the stage is possibly set for a resolution of the question of what's happening next. If the market doesn't reverse on Monday or perhaps Tuesday, we're probably going quite a bit higher for sure, but if it does reverse, then the existing trendline and the combined .5000 and 1.000 nodes would presumably been active, and the Bearish case will come to the fore. Remember also that the $SPX has been, and is still under, a Bearish warning state for quite a while now...Now we wait and see how it resolves....

Bankruptcy and Fiscal Collapse,Global Economic Crisis Tipping Point Forecast for Spring 2010

http://www.marketoracle.co.uk/Article15931.html

While You Were Sleeping… The Economy Collapsed

http://neithercorp.us/npress/?p=209

Hitting the roof again...

The $NDX is still bouncing along the underside of this light green ascending trendline...

The Most Dangerous Thoughts ever produced by Man....

http://video.google.com/videoplay?docid=-5122859998068380459#

What kind of intellectual quest could drive four of the greatest thinkers of the last 100 years (in mathematics and philosophy) to obsession, then madness, and then finally premature death (suicide)? What does the consequences of their quest, tell us about mathematics, logic, certainty, and what it means to be a human being?


Extraordinary documentary by the BBC....

The Fed Slipped Up Big Time: Deflation Coming

http://yelnick.typepad.com/yelnick/2009/12/the-fed-slipped-up-big-time-deflation-coming.html?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+PlanetYelnick+%28Planet+Yelnick%29

A site that shows a different side to the Global Warming debate..

http://www.epw.senate.gov/public/index.cfm?FuseAction=Minority.Blogs&ContentRecord_id=10fe77b0-802a-23ad-4df1-fc38ed4f85e3

Markets going sideways....

Martin Weiss points out that tax considerations might keep sellers on the sidelines until after Jan. 1

Discover Card Survey: Christmas Spending to Fall 15%

http://www.nakedcapitalism.com/2009/12/discover-card-survey-christmas-spending-to-fall-15.html

Mish Shedlock reports:

Cap-and-Trade Carbon Credit Extortion Scam In Full Swing