Breakfast Briefing Econ Edition: Business Blunders of the Year... Jobless Claims Rise... Wealth Distribution in the U.S... Two Real Estate Bubbles...

• Initial jobless claims unexpectedly rise - finance.yahoo
• Is the recession dating committee preparing for a double dip? - creditwritedowns
• Wealth Distribution in the United States - businesspundit
• Meredith Corporation F2Q10 (Qtr End 12/31/09) Earnings Call Transcript - seekingalpha
• Big Banks Have Already Figured Out The Loophole In Obama's New Rules - businessinsider

• China and the U.S.: A Tale of Two Real Estate Bubbles - seekingalpha
• Banks Paying Property Taxes and more on Short Sale Fraud - calculatedriskblog
• Business Blunders of the Year - bnet
• GE profit falls, but beats Street - Jan. 22, 2010 - money.cnn
• Philly Fed Index Shows Expansion in January - calculatedriskblog

• Rents Fall to 3 1/2 Year Low in Orange County - calculatedriskblog
• More on Falling Apartment Rents and Rising Vacancy Rates - calculatedriskblog
• The Volcker Rule & AIG: It's Not About Prop Trading - zerohedge
• Loan modification? Good luck with that Realty Q&A - marketwatch
• Are 20.7 Billion Reasons Enough For Goldman To Continue Being A Bank Holding Company? - zerohedge

• Obama Proposes new Bank Rules on Size and Trading - calculatedriskblog
• Federal Reserve Balance Sheet Update: Week Of January 21 - $2.3 Trillion - Rolling Record Highs - zerohedge
• WSJ Jumps the Shark - ritholtz
• Barney Frank Backpedals On Why His Proposed Reform Was Thorougly Trampled By Obama - zerohedge
• Policy Pivot on Banks Followed Months of Wrangling - online.wsj

• Claims data, seasonal distortions but hiring still punk - ritholtz
• Goldman Sachs Appears To Have Been Quasi-Worried About Earnings Reactions - dealbreaker
• NBER Intrigue - ritholtz
• Senator Kaufman Endorses Prop Trading Ban, 99 Other Senators Have No Idea What Prop Trading Is - zerohedge
• On Incident Patterns Of Fed MBS Purchases And OpEx Expirations - zerohedge