Gov't needs $133.78 a share to recover GM money - Watchdog says US government must sell GM for $133.78 per share to get back bailout money - AP Yahoo Finance

------------

list of 7 -  The Politics of Resentment - Charles Hugh Smith - Resentment, frustration and anger are now ubiquitous features of U.S. culture. This is the consequence of several factors, none of them positive. ... Why are simmering resentment, frustration and anger now ubiquitous features of U.S. culture? I would posit the following factors:  1. A culture of entitlement ... six more - Of Two Minds
------------

(Smile, you're being watched) 5 Surprising Facts About Spying In America - Submitted by George Washington - ... We understand if some of this sounds far-fetched. But take a look for yourself, and see if you can disprove these claims. ... - Zero Hedge
------------

(more unintended consequences by the rule makers) Dodd-Frank Ban on Ratings Delays U.S. Implementing Basel Rule - By Yalman Onaran - hattip Nom de Plumber - A 24-line section of the 848-page Dodd-Frank Act is delaying U.S. implementation of international rules for how much capital banks need to hold against securitized assets.  The financial-overhaul legislation, signed by President Barack Obama in July, requires regulators to remove all references to credit ratings of securities from their rules. Revised standards on how much capital banks need to hold against such assets in their trading books, approved by the Basel Committee on Banking Supervision in 2009, rely on such ratings. - Bloomberg
------------

QE expected in November barring major data surprises - Jonathan Ratner - Financial Post

QE II: All But Baked In? - Pedro da Costa - Reuters Blogs

Pushing on a String - by John Mauldin - Thoughts from the Frontline Weekly Newsletter
Pushing on a String
Let's Shift the Focus
An Invitation to an Inflation Party

------------

(very bad) Risk of trade war rises as key US committee backs tariffs on China - By Richard Blackden - The risk of a trade war between the US and China has increased after a key Congressional committee backed a bill to allow US companies to seek tariffs on Chinese imports. - Telegraph.co.uk
------------

What Will Trigger the Fed's (Last) Bullets? - The LFB - Trader Question: Any thoughts on what combinations of trigger(s) will prompt the Fed to fire its remaining bullet?   Trade Desk Answer: ... The last bullet for the Fed? There may be a few in the chamber so long as Primary Dealers can pull up to the discount window lending rates from the Fed at 0.25%, and then drive round to the auction window and churn the 0.25% loan into a 0.70% note yield by lending the money back to the Fed, netting profit for doing nothing. ... - Seeking Alpha 
------------

Krugman: We're Going To Have To Default On Our Debt One Way Or Another - Joe Weisenthal - Some dour commentary from Paul Krugman this morning on the implications of our monster debt:  So what will happen? In the end, I’d argue, what must happen is an effective default on a significant part of debt, one way or another. The default could be implicit, via a period of moderate inflation that reduces the real burden of debt; that’s how World War II cured the depression. Or, if not, we could see a gradual, painful process of individual defaults and bankruptcies, which ends up reducing overall debt. - Money Game at Business Insider