How much California debt? Who knows? Walters estimates over $500 million. http://bit.ly/5SJN6d Think they'll keep making the payments? #
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Dubai give Black Friday an entirely new meaning. Apparently, they owe less than California. # Last econ post before Turkey day. People are beginning to understand that there will not be a rapid recovery. http://bit.ly/8oKSTV # Happy Thanksgiving. Hope you spend it with someone who loves you. God Bless. # Let’s see. Problem banks up to 552. FDIC fund down to -8.2 b. http://bit.ly/63akx6 I’m thinking maybe we have a problem here? # Tax credit drives increase in home sales: http://bit.ly/8sqksZ What happens when the credits eventually expire? Will they expire? # Dan blogs on the GDP revision and some housing data you . . . → Read More: Twitter Updates for 2009-11-25 The BEA’s second estimate of total United States Economic activity, just out today, is 2.8 percent. This is down 70 basis points from the “advance” estimate published a month ago. The change in the estimate was driven mainly by upward revisions to imports and downward revisions to personal consumption expenditures and to nonresidential fixed . . . → Read More: The Second Estimate of 3rd Quarter GDP |
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