Financial News Update – 06/03/10

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Buffett: Municipal Debt Meltdown Will Hit US

Bilderberg will be discussing Bilderberg at the EU (Hat Tip: Nancy Jacques)

Liberal cities being downgraded to junk status

Federal debt tops $13 trillion mark (Hat Tip: Brian B.)

A New Euro to Save the Old One?

Obama hopes oil spill boosts support for climate bill

Hedging Inflation with ETFs (Hat Tip: Jean Stoner)

Debt Crisis May Cause Run on Europe Banks (Hat Tip: Jean Stoner)

Morning Bell: Obama and the Oil Spill

Nearly a trillion dollars more in hidden ObamaCare costs

Put Patients and Doctors Back in Control of Healthcare (Ron Paul) (Hat Tip: Jean Stoner)

ObamaCare’s Ever-Rising Price Tag (Hat Tip: Jean Stoner)


Obama orders extension of benefits to gay and lesbian federal employees (Hat Tip: Jean Stoner)

Consumers Learning From Banksters (Hat Tip: Jean Stoner)

Debt under Obama increases $5 billion per day — 3 times the Bush rate

BILDERBERG 2010: Secret meeting of world’s financial elite could decide fate of Euro

BP Gas Station Boycotts Spread

U.N. Plans More Money for N. Korea

New Jobless Claims Drop for Second Straight Week

G-20 Aims to Reduce Red Ink

China Snubs Defense Secretary Gates

Is the World Broke?


Is Europe heading for a meltdown? Mervyn King, the Bank of England Governor, summed it up best: “Dealing with a banking crisis was difficult enough,” he said the other week, “but at least there were public-sector balance sheets on to which the problems could be moved. Once you move into sovereign debt, there is no answer; there’s no backstop.”

Roubini: World at Risk of Double Dip Recession for Years.

Gold Rises to Two-Week High on Demand for Alternative to Euro

My big fat Pennsylvanian credit rating

General Strike Looms as Spain’s Credit Rating Falls

Greece Urged to Give Up Euro

Warning Signs of Full Spectrum Collapse are Everywhere

Most Over-Valued Region in San Francisco Gets Taste of Commercial Real Estate Bust

Down, Not Out (The Mogambo Guru)

Stocks Rebound on Housing News; Oil Shares Jump

Fed Official: US Almost Strong Enough for Rate Hike

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