- Tishman Speyer and Blackrock essentially defaulted on Stuyvesant Town.
- We are about to enter the second wave of defaults for ALT-A mortgages.
- Free government sponsored healthcare and government sponsored mortgages for all. Paid for with printed money because we live beyond our means.
- And record unemployment at the same time as record bonuses.
While in Bizarro Land the market goes up every day, in the real world Rome continues to burn.