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Financial News Update – 11/15/09
Nov 15th, 2009 by TMH
New Study from CMS: House bill increases health care costs
DC Liberals Have Bankrupt America After Only One Year In Power
Add Michigan to Bogus ‘Saved or Created Jobs’ List
Obama Administration: Moving 100 Gitmo Prisoners to Illinois to ‘Stimulate Economy, Create Jobs’
Ho-hum: Pelosicare hikes costs $289 billion
Stunner. Obama Will Remove Abortion Funding Ban From Nationalized Health Care Bill
Team Obama Says They Will ‘Create or Save’ 2,340 Jobs By Moving Gitmo Killers to Illinois
WIRE: World leaders back delay to final climate deal
Dollar decline continues as trade deficit widens
Obama wants domestic spending cuts in NEXT budget
Regulators shut 2 Fla. banks; 122 failures in ’09
Netherlands to levy ‘green’ road tax by the kilometre
McConnell: Senate won’t rush health bill
Obama administration looking into nationalizing public transportation system
Ahead of Obama’s visit, China’s top banking regulator says U.S. created ‘ununavoidable risks for the recovery of the global economy, especially emerging economies’
GLD ETF Warning, Tungsten-Filled Fake Gold Bars
China: Loose US Policy, Weak USD Creating Speculation
Arrogant Fed hasn’t learned a thing
White House Aims to Cut Deficit with Unspent TARP Money
AIG May Tap Credit Line as Commercial Paper Expires
Japan Derivative Market Unraveling
If You Thought the Housing Meltdown was Bad…
The Midnight Food Line at Wal-Mart There are American families who aren’t eating at the end of the month and are literally hitting Wal-Mart at midnight, as soon as their food stamp benefits hit their accounts.
“I, for one, do not trust Congress to be in charge of monetary policy. But I do not argue that the Federal Reserve System should maintain its independence from the Federal government. I maintain that it should be made completely independent of the Federal government: cut loose and left to fend for itself, just as the Second Bank of the United States was in 1836. It went bust.
I am not so naive as to imagine that this will happen in my lifetime, short of a true social collapse in which several million people die because of the collapse of the division of labor due to hyperinflation. I do not expect this to happen. But I can dream [of such a catastrophe].” – Dr. Gary North
Widest-ever October budget deficit (more than all of 2006)
Gold will stay above $1,000 an ounce forever, says Swiss Dr. Doom.
Drop in US Energy Use Drags Stocks Lower
Jobless Claims Fall, But Hiring Gains Seem Far Off
Buffett, Gates Tell Students Worst is Behind Us. Gee, Happy Days are Here Again. Yeah, that’s what they were singing in 1930. But in fact, the economy didn’t fully recover until 1954. They say history doesn’t repeat, but it often rhymes.
Banks Borrow Less From Emergency Fed Fund
Federal Deficit Sets October Record of $176.48 Billion
Wal-Mart, Kohl’s: Holidays Could be Rough
