Noteworthy Financial Stories for December 2

Stock Market
Hussman: 80% Chance Of A Market Crash Over The Next Year
http://www.businessinsider.com/henry-blodget-hussman-80-chance-of-a-market-crash-over-the-next-year-2009-11

Deutsche Bank Outlook
http://ftalphaville.ft.com/blog/2009/12/02/86671/deutsche-bank-ponders-all-things-sovereign/

Morgan Stanley Outlook
http://pragcap.com/morgan-stanley-stocks-are-set-to-decline-in-2010

Tale of the Tape: Bear vs. Bear
http://www.smartmoney.com/investing/stocks/tale-of-the-tape-bear-vs-bear/

SocGen: Prepare Yourself For The Worst Case Scenario!
http://www.businessinsider.com/socgen-prepare-yourself-for-the-worst-case-scenario-2009-11


Economy
ADP Says U.S. Companies Cut Estimated 169,000 Jobs
http://www.bloomberg.com/apps/news?pid=20601087&sid=aoLEmvgexD_s&pos=2

Double dip warning
http://krugman.blogs.nytimes.com/2009/12/01/double-dip-warning/

Inflation Debate
http://ftalphaville.ft.com/blog/2009/12/02/86721/varying-perceptions/

The Real Elephant in the Room
http://www.ritholtz.com/blog/2009/12/jim-welsh-the-real-elephant-in-the-room/

Gold
Gold soars past $1,200 to new record high
http://www.ft.com/cms/s/0/351cbf7c-df08-11de-be8e-00144feab49a.html

Gold is Cheap!
http://www.ritholtz.com/blog/2009/12/albert-edwards-gold-is-cheap/

Banks
Bank Profit Mirage
http://www.annaly.com/blog/?p=735

U.S. credit card defaults seen testing highs: Fitch
http://www.reuters.com/article/ousivMolt/idUSTRE5B13BM20091202

How Some Near-Death Banks End Up Looking Alive: David Reilly
http://www.bloomberg.com/apps/news?pid=20601039&sid=aszI76S2WxYw

Fed
Fed: This Is Just A Test
http://business.theatlantic.com/2009/12/fed_this_is_just_a_test.php

Derivatives Industry Revamps Governance as Regulations Loom
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=adzko0br3qZs