Source: http://market-ticker.denninger.net/
For those of you who don’t pollute your minds with CNBC, Dennis Kneale (AKA Beaker) is a little MSM apparatchik who first achieved fame for crying on air while trying to go a week without his Blackberry, and for groping two women during a single cab ride, one of whom was a co-worker’s wife.
CNBC [...]

Here’s a little glimpse into the attitude of our elected representatives.  In this video from the Clinton years, Congressman Pete Stark of California gets increasingly agitated, condescending and rude as a reporter challenges him on the wisdom of deficit spending:

Hat tip Zero Hedge.
I glanced at Mr. Stark’s wikipedia page, and he is an interesting congresscritter. [...]

US equities, the VIX, oil and copper are bucking against price levels associated with multiple peaks and troughs over the last month. The levels are as follows:
July copper: resistance at $2.32 - 2.35
August oil: resistance at $70 - 71 (BTW, I have been stopped out here and am on the sidelines)
NASDAQ futures (NQ): resistance at [...]

It’s patriotic. No, seriously, I really like the 10-year note here. Today’s much talked about auction had the highest bid to cover ratio of any since mid-2007 according to Bloomberg, with plenty of interest from overseas investors. 4% is a pretty darned good yield considering that Case-Shiller CPI is running at negative 5%. 9% is [...]

Lewrockwell.com has assembled a compendium of essays and other media on this Greater Depression from writers with an Austrian perspective. While you won’t find many even here who understand the mechanics of deflation, you won’t find so many smart, honest economic writers anywhere else:
There is No Such Thing as a Free House
Someone once [...]

The wave of panic went around the world last night. Will it wash over the US again?
Charts below from Bloomberg:
Japan:

 
 
 
 
 
 
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Europe (markets not closed yet):

 
 
 
 
 
 
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Western Hemisphere Futures:

What if in response to the overwhelming public opposition, which is surprising even me, Team Banker yanks the bailout? The market will crash, bailout or no bailout, but with no bailout, they can say “I told you so.”
Then when people are really hurting, I mean jumping out of windows hurting, they can come back with [...]