Taper Time – No matter what the Fed says today, markets are probably going to get crazy

“Crash Alert”! S&P 500 Fell 50% Last Two Times Margin Debt Was This High! Bank of America: Three “Shocks” That Could Set Off The Next Crisis

The U.S. ‘Recovery’ Is Coming To An End?

While homebuilder confidence has been coming in strong, we’ve had some disappointing housing data more recently

This Week’s Economic Data Was Okay, But Two Big Leading Indicators Have Turned Negative

Pettis on China, Europe, Japan: Bad News for Those Looking for Growth

Suddenly Everyone Sells Everything For Dollars: Stocks Fall, Oil Tanks, Gold Gets Crushed, Volume Exploded. Fed Officials Divided On Future of QE. Is the Big Reset Imminent?

GOLDMAN PRESENTS: A Roadmap For Weak First Quarter Growth

Shiller – Housing Market Could Take 50 Years to Fully Recover

Must-read: Don’t let anyone tell you Hurricane Sandy will be good for the economy – Bloomberg

Housing Starts Drop, Permits Jump; Jobless Claims Rise

Promises to build houses soar as actual holes dug plunge!

Central Banks Favour Gold as IMF Warns of “Collapse of Euro” and “Full Blown Panic in Financial Markets”

PIMCO founder and co-CIO Bill Gross

While much of the recent economic data appear upbeat, Irwin Kellner writes that rising prices are making some statistics look better than they really are.

In Chicago, rents are up just over 9% annually while home values were down just over 10%.

In some markets, rents are rising as much as home values are falling. As the rent vs. own divide grows, it begs the question: Is this a rental bubble — and what’s the tipping point that makes it burst?

James Dale Davidson: “The U.S. economy is staggering, like an over-the-hill boxer trying to shake off a jab to the chin.”

Singapore Exports Drop on Europe Fallout

Almost 35 years ago, as unemployment rose toward 10%, the January 1975 cover of Ramparts magazine blared: The End of Affluence: The Last Christmas in America. (TLCIA)

This is the “real” reason behind today’s fantastic housing news

Residential builders’ sentiment worsens – MarketWatch

China Trims U.S. Bond Holdings for Fifth Month; EU acknowledges possible Greek debt restructuring; The Quadruple Dip: Housing Starts, Permits Drop, Miss Expectations; Houses Under Construction At New Record Low

The Quadruple Dip: Housing Starts, Permits Drop, Miss Expectations; Houses Under Construction At New Record Low

From Les Echos interview with John Paulson:

Case Shiller data is out, and it is as horrible as ever

Housing starts see biggest drop since 1984… Finished consumer food PPI jumps by highest since 1974

Fed Policy Blows, Spits Out Unemployment

As for Rosie’s amusing views on why Fighting the Fed has actually been a very successful strategy in real terms, read below:

Here is some interesting data for you, “Housing Starts” NOT seasonally adjusted, YTD data through Oct from every year since 1959.

No joke? With data like this on housing starts what would you expect

Key U.S. Data Release This Week:

Ian’s Insights: Lies, Manipulation and Deception – All for Naught

From ZH this morning: Housing starts miss estimates, barely beat yet another downwardly engineered prior number

US double dip indicators to remain strong

David Rosenberg: The DOW Could Drop To 5,000 as the ultimate trough (at that point, gold will likely be 5,000 too).

My housing against labor force analysis – shows two things: