Economic Insanity Update
13 January 2011


Banks repossess 1 million homes in 2010 (Yahoo)

2011 to top 2010 record of 1 million foreclosures (Yahoo)

December Foreclosure Filings Slump By Biggest Annual Amount In History As Fraudclosure Clampdown Persists (Zero Hedge)

Is China's European Rescue Just A Big "Bait And Switch"? (Zero Hedge)

Initial Claims Surge To 445K, On Expectations Of 410K, Not Adjusted Claims Surge By 191,686 To 770,413 In One Week (Zero Hedge)

S&P Melt Up Price Momentum: A Once In Never Event (Zero Hedge)

Guest Post: Don't Worry - They'll Just Change The Rules (Zero Hedge)

Mike Krieger Deconstructs Commodity Inflation: "You Ain't Seen Nothing Yet" (Zero Hedge)

Illinois Seeks To Issue $8.75 Billion Bond To Pay Overdue Bills As Muni Issuance Market On Verge Of Shutdown (Zero Hedge)

Guest Post: The 10 Things That Would Be Different If The Federal Reserve Had Never Been Created (Zero Hedge)



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