Some interesting takeaway comments from this Bloomberg article:

-Available money is encouraging “barely profitable and highly risky'’ investments, French Finance Thierryr Thierry Breton said last month.

-Interest rates in the main economies have still not been raised enough,'’ Congdonm Congdon, visiting fellow at the London School of Economics and one of the “wise men'’ who advised the U.K. Treasury in the 1990s. “There is a buoyancy in asset prices one gets with high-risk monetary growth.'’

-President Jean Trichete Trichet said earlier this month that “liquidity in the euro area is ample by all plausible measures'’ and recommended “enhanced monitoring'’ of money-supply growth.

Similar vein:

 Bank of Canada Governor David Dodge told CMHC President Karen Kinsley he was dismayed with a June press release announcing the agency was offering mortgage insurance for interest-only loans and for amortizations of up to 35 years."At a time when the housing market is already overheated, further fuelling demand through CMHC actions would only put further upward pressure on prices and thus make housing less, not more, affordable for Canadians."

This in turn feeds into enormous bonuses and compensation for Pig Men dice roller "talent" on both sides of the Atlantic. It is important to realize that financial asset Bubbles allow fictitious profits and values to be recorded (see yesterday’s post) , that in turn allows the US Treasury to book fictitious tax receipts, which in turn take pressure off of it’s financing needs, and artificially suppresses interest rates.This in turn allows for unrestrained government spending, and military adventurism. It’s very much, the wash, rinse, repeat crazy quilt exercise in action. I very much expect the US Treasury market to collapse along side the demise of the financial sphere, Pig Man Ponzi unit regime. They are directly and intimately linked!!

In the no small surprise department, the SEC is investigating Pig Men activities/manipulation in the US Treasury market.

Evidence continues to mount on job fall out from the real estate situation.

-A slump in the housing industry is prompting Calhoun-based Mohawk Industries to cut jobs, not just on the factory floor, but sales and administrative staff as well. It’s also ramping down production to control inventory levels — particularly carpet for the residential market — by reducing factory shifts.

-Builders received permits for 11,590 homes — including houses, apartments and condos — in September, down 47 percent from 21,717 a year ago, according to the California Building Industry Association.

For those wondering how the US economy maintains as the consumer, and jobs roll over, look no further than the following charts, it can't.: