TRY THIS YOURSELF - You’re On Notice! - The Stephen Colbert “On Notice Board” Generator -    - thanks to The Big Picture for pointing this out
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skew? - California Home Prices Fell 35% in May, Realtors Say - Bob Ivry - … About 38 percent of California home sales are of houses that were repossessed by […]

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       youtube video

Big report from Knowledge@Wharton - … include video interviews with faculty members, a timeline describing key points in the crisis, an interactive feature demonstrating the cascade of events that fell like a line of dominos toward disaster, a glossary, and an op-ed piece and two articles. … - thanks Ira Artman for finding […]

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The Prince was very intrigued by this article (check out the comments too) this morning from the Telegraph describing the rather scary warning issued by RBS research analyst Bob Janjuah.  According to the article Janjuah’s report predicts that over the next three months we will see a meltdown of the credit markets mainly due to […]

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WORTH READING: What the Export Land Model Means for Energy Prices by David Galland - John Mauldin’s Outside the Box E-Letter
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Soaring Foreclosure Numbers Mean More Prey for Vulture Funds -  Banks Desperate to Unload Distressed Properties Turn to Private Equity Firms -  NED RANDOLPH - San Diego Busines Journal 
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The latest from … Mike Morgan: Decession […]

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BofA Sees Higher Losses on Home Equity Loans: Report - PAUL JACKSON - housingwire
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A Wish List for Fixing Wall Street - ANDREW ROSS SORKIN -  Kenneth C. Griffin, who runs one of the biggest and most successful hedge fund firms, has a blunt assessment: “We, as an industry, dropped the ball.”   The breakdown happened, Mr. […]

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CAR Forecasts 24% Price Drop for California Houses - Jonathan Lansner  - seeking alpha
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Why Inflation is Lower Than You Think - Felix Salmon - In one of the smartest pieces of linkbait I’ve seen in a very long time, David Leonhardt today not only defends the CPI, but even says it’s overstating inflation  … - […]

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