The Mess That Greenspan Made - Part 414

Hey, A Girl’s Gotta Live

There’s an interesting collection of pictures from the ever-expanding Occupy Wall Street protest over at The Atlantic (hat tip Patrick.net), one of my favorites shown below.

With the mass arrest on Saturday, this story has really gained a lot of traction in just the last few days, a simple Google News search on “Wall Street Protest” now turning up such names as The Washington Post, CBS News, and the New York Times rather than just the Guardian, as was the case for much of the first ten days or so.

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Monday Morning Links

MUST READS
Greek gloom rocks markets, troubles lenders – Reuters
Greece to miss deficit targets; more cuts loom – MarketWatch
Eurozone manufacturing activity contracts in September – BBC
Falling U.S. Wages Threaten Consumer Spending – Bloomberg
Eurozone ‘euroquake’ awaits if Greek default is bungled – Telegraph
Protectionism beckons as leaders push world into Depression – Telegraph
JPMorgan Chase Donates $4.6 Million To NYPD During OWS Protest – ology
Anti-Wall Street Protests Reach ‘Prime Time’ – Bloomberg
Recession, Restructuring, and the Ring Fence – Hussman Funds
Holding China to Account – Krugman, NY Times
Monetary policy and democracy – EconBrowser
House Is Gone but Debt Lives On – WSJ

MARKETS/INVESTING
Oil falls to $78 on prospect of weak demand – AP
Gold rises after Greece rocks markets – Reuters
Stock Slump Deepens in Europe and Asia – NY Times
Investors Sing a New Tune—’Won’t Get Fooled Again’ – WSJ
“Gold Is A Most Volatile, Unstable, Fickle And Risky Asset” – Forbes
Have gold and silver market conditions changed, fundamentally? – Mineweb
Barclays: Physical godl demand will drive next bull rally – Commodity Online
Should the recent price fall mean gold no longer a “safe haven”? – Mineweb
Qatari wealth fund plans $10bn gold buying spree – Telegraph
Dollar Beats All Assets, Thwarts S&P Downgrade – Bloomberg

ECONOMY/WORLD/HOUSING/BANKING
Fitch Lowers Global Growth Forecasts – CNBC
Economists: Consumers won’t save the economy – USA Today
To boost economy, U.S. wants to import shoppers – Washington Post
China factory activity picks up, export orders recover – Reuters
What Would It Take To Save Europe? – Baseline Scenario
Roubini Says Europe Needs €2 Trillion ‘Bazooka’ – Bloomberg
Japan’s tankan sentiment survey ticks higher – MarketWatch
A simple solution to ease the squeeze on homeowners – Washington Post
Stop paying mortgage at your own risk – O.C. Register
To fix the economy, first fix the housing market – CNN/Money
NY Fed May Demand Reports From Europe Banks – Bloomberg
David Stockman: Blame The Fed! – Chris Martenson

 

A Liberal Version of the Tea Party?

It would appear as though the two-week long Occupy Wall Street protest is gathering momentum after some 700 people were arrested yesterday after they blocked traffic on the Brooklyn Bridge as detailed in this report at Fox Business News.

Based on the video above – now with their own food kitchen and media center in New York City – it looks as though they’re planning to hang around for a while, some now thinking that the group could have an impact on the 2012 elections.

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The Best of the Bozeman Police Reports

Culled from the Police Reports page of the Bozeman Daily Chronicle come the best of the Bozeman police reports from the last week along with some items from the Sheriff’s Office.

When including one report with the term “cop bear” (whatever that is), last week’s police blotter contained seven reports of bear activity in the area (highlighted in red), the ursines now well into their “hyperphagia” stage where they eat anything and everything prior to hibernation. But, the more troubling news in this batch of reports is the sharp increase in drunks ending up where they’re not supposed to be during the wee hours of the morning (highlighted in blue), four incidents of this type appearing in the list below, what must be a new record high. I keep wondering if these two will ever interact…

  • A bear was seen in a tree on South Third Avenue at 6:33 a.m.
  • A 13-year-old boy was cited for being an “ungovernable youth” at 8:12 a.m. after refusing to go to school. He was not physically resistant aside from grabbing his blankets back when his mother pulled them off.
  • A black bear cub was seen in the back yard of a West Cameron Bridge Road house at 12:30 p.m.
  • A man in thigh-high white boots and “very short shorts” was standing by the East Gallatin Recreation Area’s women’s bathroom at 2 p.m.
  • At 1:30 a.m. a Hayes Street resident contacted officers after an intoxicated man wearing a tight black shirt tried climbing onto the resident’s deck. The “violent and belligerent” climber was gone by the time officers arrived.
  • Three or four people near Glenwood Drive and Westgate Avenue at 11:25 p.m. were discussing their drunkenness and plans to go to a downtown bar.

(more…)

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