Nine More American Banks are Closed

[Smaland]

http://finance.yahoo.com/news/Federal-regulators-close-9-apf-2271121211.html?x=0&.v=11

[chap]

The official (cooked) unemployment numbers for the US are out very soon AFAIK, which won't show any improvement. We'll keep seeing more bank closures and more momentum in the commercial real estate implosion. And then a bit later on, the holiday sales figures will likely be horrific.

So I think the US dollar is due for a rally, but nowhere near the heights of March 09. Then into the new year, all bets are off. All these state and other budgets predicated on this phoney Obama recovery... it's going to get real ugly for the US. Possibly the UK and Europe too.