EOTWAWKI

• There are 19 million empty houses in America


• The median price of a used house is 26% below its peak


• AIG now says it is facing a $60 billion loss.


• Micro Tech is laying off 2,000 more people in Idaho


• Citigroup is nearing bankruptcy, with the U.S. government getting ready to up its stake to 40%


• Only a few months ago, the official budget deficit was projected to come to $800 billion...then $900 billion...then $1.2 trillion...and now, get this, it's gone to $1.75 trillion.


• General Motors just reported a loss for the fourth quarter of nearly $10 billion - The government gave GM more than $13 billion - there goes the bulk of it.


• Stocks are now back to '97 levels...meaning investors have made nothing for a dozen years.