Financial News Update – 05/26/10

AMERICA’S NATIONAL DEBT
TOPS $13,000,000,000,000;
DEBT PER TAXPAYER – $117,975;
US DEBT TO GDP RATIO – 90.3%
(Hat Tip: Brian B.)

Bam’s budget is a monstrosity: Deficits are huge. A value-added tax could be coming (Hat Tip: Brian B.)

Democrats use ‘jobs bill’ to pay for more hidden ObamaCare costs

Two-Year Treasury Yield Sinks to Record Low

John Laughland: Why the Euro Will Fail

Fed’s Bernanke: US Inflation Outlook Is ‘Very Stable’

Fund Manager Cohen: Gold Price Can Rise for Decades

READ THE FINANCIALS, THEN TAKE SHELTER

The Audacity to Lie… Obama Tells Republican Senators That Obamacare Will Reduce the Debt

Jo Ann Emerson Sponsoring Union Bailout Bill!

Moody’s Reiterates U.S. Spending Risks Credit Rating (Update1)

Neither side happy with jobs bill being pushed through Congress

Obama expected to boost offshore drilling oversight

Private pay shrinks to historic lows as gov’t payouts rise

Harvard Study: More Government Spending Means Fewer Jobs

Don’t Doubt Bernanke’s Ability to Create Inflation

Sitting on my spindle *UPDATED*

Gov. Christie: We’re Not Raising Taxes; Budget Freeze worked

Cash-strapped Rhode Island can’t pay state tax refunds

CA DEMOCRATS PLAN: BILLIONS IN NEW TAXES

OBAMA ADMIN. FAVORS GLOBAL DEAL TO INCREASE BANK CAPITAL

Bernanke Fights More Fed Scrutiny

MOODY’S: Debt Level, Spending Pose Risk to America’s Aaa Credit Rating

Solar plant workers sent home without pay on day of presidential visit

Quail egg and caviar with the president: $17,600

What Debt? Pols on Spending Spree

Geithner Calls for European Action

SurvivalBlog:

One false move in Europe could set off global chain reaction

Nouriel Roubini: “We are still in the middle of this crisis and there is more trouble ahead of us”

New rules might not stop next financial crisis; After Senate debate, passage, many loopholes exist in regulations.

Global Markets Now Infected with Europe Fear

Clarke and Dawes ask the million dollar questions.

Rising Home Sales Likely to Cool Despite Low Rates

Regulators Probe Firms’ Roles in Stock Plunge

Poll: Economists More Upbeat Despite Deficit Woes

Weiss Ratings: 20 More Giant Banks Still Vulnerable


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