I see an economic diasater coming...

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Some ideas on what to do with an icebox to brew your homemade beer with.   http://www.homebrewtalk.com/f51/side-side-fermentation-chamber-build-105054/  If 2012 is going to be a bad year you want something to drink??


http://www.homebrewtalk.com/f51/side-side-fermentation-chamber-build-105054/

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Bank of America[/font][/size]. Stock decline: 61 percent The whole banking sector is beaten down due to fears of a European crisis. Bank of America is under special scrutiny because of its disastrous 2008 purchase of Countrywide Financial, which has saddled the bank with billions in losses on bad mortgages, many of which may to sour. Investors worry that B of A hasn't fully revealed its full exposure to troubled counterparties in Europe or stressed mortgage holders. But if B of A skirts disaster, it may recover sooner than expected.[/size]

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Don't laugh this might keep you from going hungry! How to make flour from acorns.  http://www.wikihow.com/Make-Acorn-Flour
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Something completely different pickeled Acorns!  http://en.petitchef.com/recipes/spiced-pickled-acorns-fid-671035

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Economists now say 2011 will be the first year since the Great Recession began in 2007 that home construction will have helped the economy grow. Before this year, the industry endured two of the worst years ever.[/size]
"Homebuilding is through the worst and is now steadily improving," said Paul Diggle, a property economist at Capital Economics.[/size]

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We need BEER to save our world again!It looks like the feds are looking at buying foreign debt!
Revisiting The "Nuclear Option": Will The Fed Buy European Bonds?Submitted by Tyler Durden on 12/20/2011 - 15:13Ben Bernanke default European Central Bank Eurozone Federal Reserve International Monetary Fund Italy Kyle Bass Monetary Policy Monetization None Sovereign Debt Testimony[/font]Nearly two years ago, we first breached the topic of the Fed's nuclear option: the possibility (or is that likelihood) of the Fed stepping out of the continental US and proceeding to monetize European bonds. Back then we noted: "One thing learned over the past year is that everything is a distraction for something else, and that something else, quite usually without failure, ends up being the Marriner Eccles building on Constitution Avenue in D.C. What we refer to is disclosure from a paper written by none other than the Maestro Jr, in 2004, titled "Conducting Monetary Policy at Very Low Short-Term Interest Rates" (oddly appropriate). In this paper, Bernanke discusses not only the possibility of purchasing corporate assets (bondsand stocks), but emphasizes that one other security class which the Fed may be inclined to acquire under conditions such as those today, and has an explicit authority to do so, are foreign government bonds." The specific text referenced was the following: "In simple terms, if the liquidity or risk characteristics of securities differ, so that investors do not treat all securities as perfect substitutes, then changes in relative demands by a large purchaser have the potential to alter relative security prices. The same logic might lead the central bank to consider purchasing assets other than government securities, such as corporate bonds or stocks or foreign government bonds. (The Federal Reserve is currently authorized to purchase some foreign government bonds...)" So the question then becomes: with the ECB stubbornly refusing (for now) to proceed with outright monetization, and with its balance sheet already surpassing all time records as noted earlier (see below), coupled with tomorrow's LTRO which as discussed over the weekend will be a "Risk On" attempted failure, even if providing a brief relief rally in the interim, not to mention the complete lack of any long-term viability plan out of the Eurozone (EFSF failure due to lack of demand; IMF bailout plan failure due to the UK's veto and the circular joint and several funding by Italy and Spain of an Italian and Spanish bailout), will it be, once again, the Fed which at the end of the day will have to, by covert pathways or otherwise, be forced to step in and monetize European bonds: the so called Nuclear Option? Providing the latest thoughts on the topic is SocGen's Aneta Markowska...[/size]