Meredith Whitney: European Banks MUCH Worse Off Than American Banks, Second Half For Stock Market Is Bleak

speaking on CNBC this afternoon.

And the fact that Europe is worse than the US is saying something, she says, since she's definitely still not positive on US banks.

Other than that, her interview appears to be a rehash of her op-ed arguing that financial reform will kill jobs.

"It could be very bad."

As for specific aspects of financial reform that concern her: pre-emption (rules that would allow banks to move to different states and take advantage of lower interest rates in some markets) and interchange fees regulation.

Specifically, she expects that interchange regulations will cream smaller banks to the benefit of the larger banks, hampering merchants' access to capital.

As for the stock market: The second half will be "bleak."

Why?

No end demand from consumers, and a double dip in housing.

Update: Here's the video.

Taleb Says Focus on Specific Trades in Selloff Misguided

Marc Faber, ECONOMIC ARMAGEDDON In The U.S. (NWO SERIES/ Economic Collapse)

Faber makes the call.

Jim Rogers on CNBC, Tech Ticker

How Bailout Nation Took Us Down … And Where It Is Taking Us Next

Today, Barry sits down with me to discuss the critical question on the minds of all investors .. “Where Do We Go From Here?”. To get to that answer, Ritholtz shares his views on the following:
Why we simply should have said “Fuck You” to insolvent banks
How Bush started and Obama mistakenly continued the greatest transfer of wealth in the history of the planet
The FDIC and the Swedish model
3 big and non-obvious reasons that puts the wind at gold’s back.
Stock market is up? Who cares! “What the hell do the markets have to do with the economy?” Ask Japan.
Why oil and other $USD priced commodities are going higher – but foreigners beware of real returns
Canada – a great place to invest and gain exposure to commodities
The $USD – encouraging a “race to the bottom” amongst global currencies, counter-trend rally, then another leg down
US equities – impossible to short stocks in this quantitative easing environment
The parallels to 1973-74 and the start of the next secular bull market
Gold – $1,350 and $1,525 targets, then probably goes to its inflation adjusted high

Ritholtz, as always, takes the no nonsense but supremely intelligent approach to economic analysis that we only wish our financial leaders would apply when governing. Given the fact his firm manages money for some pretty high-net worth individuals and organizations, any opportunity to tap into his brain for free is a golden one.

http://s3.agoracom.com.s3.amazonaws.com/conference/BarryRitholtz/index.htm

Addicted to Money Episode 2 - nowhere to hide

Great series

Max Keiser: Dollar to be buried way before 2018

World's major powers including China and Russia don't want to 'finance' American military adventures anymore. That's the view of Max Keiser, finance critic and former stockbroker. He says China and Russia are interested in collapsing the US economy by rejecting the dollar.

China parade marks anniversary

China puts up a spectacularly choreographed show of military might to mark the 60th anniversary of the birth of the People's Republic of China.

Athens: The Truth About Democracy

Historian Bettany Hughes explores the 'Golden Age' of ancient Athens at the dawn of democracy. Can Athenian democracy live up to its reputation as the birthplace of freedom, equality and free speech?

The truth about democracy Athens is revered as the birthplace of Western philosophy, art, science and perhaps the greatest political idea of all time – democracy. But in this fascinating documentary (first shown on Channel 4 in July 2007), historian Bettany Hughes looks behind some of the myths of Athens’ golden age. She finds a very warlike and aggressive state,

capable of terrible mistakes, misdeeds and atrocities.

Honda unveils U3-X, a new personal mobility device

In advance of the Tokyo Motor Show on Oct. 24, 2009, Honda gives the media a preview of the U3-X prototype, a experimental mobility device on which a user can control speed and direction by shifting upper body weight.

A Mandelbrot the size of the known universe

An extremely deep dive into the mandelbrot zoom. If the final frame were the size of your screen, the full set would be larger than the known universe

On the Edge with . . . Steve Keen (2/2)

Good stuff....

George Smoot: The design of the universe

At Serious Play 2008, astrophysicist George Smoot shows stunning new images from deep-space surveys, and prods us to ponder how the cosmos -- with its giant webs of dark matter and mysterious gaping voids -- got built this way.

Celente: Revolution next for U.S.

Gerald Celente - the most trusted name in trends - sits down for an exclusive interview with RT's Anastasia Churkina to talk about what the future holds for America during and after the Great Recession, gives advice to Obama, and forecasts the unexpected.

Ted Kennedy on Health Care

Senator Edward Kennedy speaks passionately about trying to get health care reform passed during his career. In this video he talks about his own family's struggles in the past with sickness and injury...

Gerald Celente on Alex Jones Tv 1/4 - The Worst is Yet to Come

The New York Post said "if Nostradamus were alive today, he'd have a hard time keeping up with Gerald Celente." TAGS: future politics catastrophe market meltdown subprime mortage fox news cnn abc nbc msnbc money dollar devaluation loss profit stock market up down bull bear gold metals prediction national deficit debt end the fed federal reserve scam scheme healthcare obama clinton democrat republican house senate oil winter summer late to crash depression analysis today.
Hat Tip...

http://jessescrossroadscafe.blogspot.com/

Chinese Economy 2009

The Empire State was empty for ten years I guess.....

R.E.M. Losing My Religion

Oh, life is bigger
It's bigger than you
And you are not me
The lengths that I will go to
The distance in your eyes
Oh no, I've said too much
I set it up

(chorus)
That's me in the corner
That's me in the spotlight, I'm
Losing my religion
Trying to keep up with you
And I don't know if I can do it
Oh no, I've said too much
I haven't said enough
I thought that I heard you laughing
I thought that I heard you sing
I think I thought I saw you try

Every whisper
Of every waking hour I'm
Choosing my confessions
Trying to keep an eye on you
Like a hurt lost and blinded fool, fool
Oh no, I've said too much
I set it up
Consider this
Consider this
The hint of the century
Consider this
The slip that brought me
To my knees failed
What if all these fantasies
Come flailing around
Now I've said too much
I thought that I heard you laughing
I thought that I heard you sing
I think I thought I saw you try

But that was just a dream
That was just a dream

(repeat chorus)

But that was just a dream
Try, cry, why try?
That was just a dream
Just a dream, just a dream
Dream

This Economic Disaster ~ Video - Lecture By William K. Black

William K. Black, the former litigation director of the Federal Home Loan Bank Board who investigated the Savings and Loan disaster of the 1980s, discusses the latest scandal in which a single bank, IndyMac, lost more money than was lost during the entire Savings and Loan crisis.

He will examine the political failure behind this economic disaster, in which not only massive fraud has taken place, but a vast transfer of wealth from the poor and middle class continues as the federal government bails out the seemingly reckless, if not the criminal.

Black teaches economics and law at the University of Missouri, Kansas City and is the author of The Best Way to Rob a Bank Is to Own One. (Run Time: 1 hour, 38 min.)

Harry Dent May 2009 Update

Harry S. Dent, Jr., best-selling author and economist, shares his views of the economy and the financial markets, giving viewers an update since the publication of his latest book, http://budurl.com/youtubegd "The Great Depression Ahead" http://budurl.com/youtubegd. The book was written in the summer of 2008 and released January 2009.