Home Prices Decline 5.9% In Q2, Mortgage Applications At 15-Year Low, Rothschild Bank Will Is The NEW PPT, Green Stimulus For Nevada - $500k Creates Less Than 2 Jobs

• Home Prices Decline 5.9% in Second Quarter - Bloomberg
• Mortgage purchase applications at 15-year low: MBA
• A Huge Housing Bargain -- but Not for You
• Rothschild Bank Will Support SocGen Stock Price
• Spending, NOT entitlements, created huge deficit
• CBO Says - Jobless rate above 8% for years
• Bank of America stock UP nearly 11% After Call From Meredith Whitney
• Meet the Citigroup man who will lead S&P - CNN
• Rumor - JP Morgan May Take Over Bank Of America
• German Politician Demands Gold As Collateral From European Bailout Recipients
• KEYNESIAN SOLUTIONS – AFTER TOTAL FAILURE – TRY, TRY AGAIN
• US Military Intervention in Libya Cost At Least $896 Million - ABC News
• Federal Asset Seizures Rise, Netting Innocent With Guilty
• Hey Social Security, I'm not dead! - `You look pretty good for a dead woman'
• Green Stimulus For Nevada - $500k Creates Less Than 2 Jobs

Comments

[DailyBail]

Bernanke Jackson Hole speech could rattle markets

http://finance.yahoo.com/news/Bernanke-Jackson-Hole-speech-rb-3525807208.html?x=0&sec=topStories&pos=2&asset=&ccode=

[DailyBail]

Bank of America: Could it Need $200 Billion in Capital?

http://blogs.wsj.com/marketbeat/2011/08/23/bank-of-america-could-it-need-200-billion-in-capital/

[DailyBail]

Could Europe be on the cusp of a Lehman moment?

http://blogs.reuters.com/great-debate-uk/2011/08/23/could-europe-be-on-the-cusp-of-a-lehman-moment/

[DailyBail]

SAN FRANCISCO (MarketWatch) — Gold futures dropped more than 4% Wednesday, trading below $1,800 an ounce and extending losses to a second day as a correction that started after five records in six sessions suddenly got much steeper.

http://www.marketwatch.com/story/spot-gold-edges-up-in-asia-dec-futures-off-2011-08-24

[TR]

Are we sinking like a stone?

http://www.youtube.com/watch?v=vCWdCKPtnYE&feature=player_embedded#!

[DailyBail]

Great song. Good to see you TR.

[john]

If it were already built I would go drastically short on a few companies...

Proposed offshore wind facilities and infrastructure (east coast US)
http://tech.fortune.cnn.com/2010/10/12/google-builds-to-the-jersey-shore/

Track of Hurricane Irene…
http://www.nhc.noaa.gov/graphics_at4.shtml?5-daynl#contents

This is the typical track and a guaranteed bet. Captain Hindsight would agree......