Economic Insanity Update
22 December 2010
Q3 GDP Final Revision Of 2.6%, Lower Than 2.8% Consensus, Inventories Climb Again As Personal Consumption Revision Plunges (Zero Hedge)
Existing Home Sales Come At 4.68 Million, Miss Estimates Of 4.75 Million, Home Inventory At 9.5 Months Supply (Zero Hedge)
Scott Minerd's Detailed Pre-Mortem On What Europe's Bank Run Will Look Like, And Other Observations (Zero Hedge)
Refuting The Housing Recovery Falacy Courtesy Of... The Fed? (Zero Hedge)
The First Casualty Of An "Improving" Economy: The Fast Food Dollar Menu, As McDonalds Considers Hiking Prices (Zero Hedge)
No End In Sight To Equity Outflows As Stock Boycott Persists Despite Largest Bond Outflow Since Lehman Failure (Zero Hedge)
Guest Post: House Values Fall 30%, But Property Taxes Keep Rising (Zero Hedge)
Financial Interests Dictate Sovereign Policy (Zero Hedge)
Congressman Miller Joins Economists and Financial Experts In Demanding a Stop to Mortgage Servicer Fraud -- a Significant Cause of Foreclosures (Zero Hedge)
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