Economic Meltdown News.

With everything seeming to come apart at once, one wonders if the other economic world powers have decided that the United States is simply too dangerous to allow it to continue it's role as the worlds sole remaining superpower.

Given that the US spends more on defense than the rest of the world combined, it would be logical to attack where this country is weakest.

In the short run, the fact that the US has rulers who appear to be insane would argue for this, and in the long run, it's probably to their advantage too.

The dollar vs the Euro, $1.4571:1.0000€.

Oil Hits $97/bbl. Violence in Afghanistan, and a bombing of a Yemeni oil pipeline kicked everything up, as Emeril says, "another notch".

Oil Hits $97 on Bombs, Demand Forecast: Financial News - Yahoo! Finance

Indymac, one of the largest independent mortgage lenders in the US, reported losses that were 5 times their earlier predictions. The third-quarter net loss for Pasadena, California-based IndyMac totaled $202.7 million, or $2.77 per share. IndyMac had on September 7 forecast a loss of nil to 50 cents per share.

And it appears that the financial upset is roiling the 10 year Treasury note market too.