Financial News Update – 06/23/10

Geithner To World: Spend Now. Cut Deficits Later. (Hat Tip: Jean Stoner)

Democrats signal massive Middle Class tax hike

Court rescues Gulf economy from Obama’s radical agenda

The US Is Pushing Its Debt Towards A $57 Trillion Hole

10 Things You Need To Know This Morning

Chinese Yuan FALLS The Most In Years

Why China’s Yuan Announcement Is Completely Meaningless

Rumor: Chinese State-Owned Banks Are ‘Aggressively’ Buying U.S. Dollars

When Will Bond Auctions Actually Begin To Fail?

Here’s Why It Doesn’t Matter If You Want Austerity Or Not

Andy Xie: Chinese Manufacturing Was Built On Squeezing People Hard, It Will Now Unravel

Check Out The Huge Miss For Existing Home Sales

21 Winners And Losers From The Chinese Yuan Revaluation

IMF: Easy Money In The West Is Now Priming The Next Mega Bubble In Emerging Markets

Europe Again In The Crosshairs, As Spain, Germany, And Italy CDS Blast Higher

Chart Of The Morning: Bad Sign For Housing, As Lumber Prices Continue Their Total Freefall

Obama’s Home Affordable “HAMP” Program A Failure; Another Huge Wave Of Foreclosures Coming

Sales of U.S. New Houses Plunge to Lowest Level on Record

Louisiana’s Democrat legislature passes law against ObamaCare (Hat Tip: Jean Stoner)

Medicare Havoc is Here – 50 Million Medicare Claims Get Trimmed (Hat Tip: Jean Stoner)

FrontPageMag – Soros’s Oil Spill Payoff (Hat Tip: Jean Stoner)

A Surgeon’s Response to Obamacare (Hat Tip: Jean Stoner)

Finance Bill’s Devilish Details (Hat Tip: Jean Stoner)

Officials: U.S. will buy Ill. prison (For Gitmo prisoners or not) (Hat Tip: Jean Stoner)

Gulf Drilling Season Reopens (Hat Tip: Jean Stoner)

Interior Secretary Ken Salazar Will Issue New Order Imposing Drilling Moratorium (Hat Tip: Jean Stoner)

Obama asks Congress to approve spending for border security steps (Hat Tip: Jean Stoner)

Chicago Way Doesn’t Work In Gulf Crisis (Hat Tip: Jean Stoner)

Interior secretary to issue new drilling ban (Unfreakinbelievable) (Hat Tip: Jean Stoner)

White House releases ‘patient bill of rights’ (Hat Tip: Brian B.)

World’s Rich Got Richer in 2009 Despite Recession (Hat Tip: Jean Stoner)

20 Must-See Charts On America’s Disastrous Level Of Government Spending

Business leaders say Obama’s economic policies stifle growth

Chinese Self-Interest Contrives Phony Currency “Reform”

Hoyer Makes, and Misses, His Mark

Speak Out on Out-of-Control Spending

Does The Gulf Spill Mean The U.S. Is Headed For Gas Lines, Higher Food Prices And A Broken Economy? (Hat Tip: Jean Stoner)

The Smart Grid Trojan Horse (Planted by the Green Movement) (Hat Tip: Jean Stoner)

Asian Trade Demand Is So Strong That Maersk Is Pulling Off ‘Unprecedented’ Shipping Surcharges (Hat Tip: Jean Stoner)

Judge who struck down drill ban reported oil investments (Hat Tip: Jean Stoner)

Brits Refute Obama – Dump Keynesian “Spend Your Way to Wealth” Plan

Missouri: The Next Health Care Battle

More Hope & Change… Obama Says GOP Wants Healthcare That Discriminates Against Children (Video)

Breaking: Federal Judge Rules Against Obama’s Job-Killing Moratorium; Says Administration Misled Public …Update: Salazar Moves to Reimpose Moratorium

Ken Salazar gets an ass-kicking. Over to you, Capitol Hill.

FLASHBACK VIDEO 2007: Obama Energy Sec Says BP Going to Help Save World

PAPER: Obama to push ‘climate change’ on back of BP spill

New home sales plunge 33%

GOV’T REPORT: 1,300 Inmates Got $9M in Homebuyer Tax Credits

OBAMA SCHOOLED BY GERMAN ON HOW TO GROW ECONOMY

MEGABANK JPMORGAN CHASE HAS NEW ‘GLOBAL’ PLANS

Obama’s fashion factory in Illinois may close

Pakistan resolute on Iran gas deal; Defies US warning

Asian millionaires overtake Europeans

STUDY: Millionaires’ Riches Return to Pre-Crisis Levels

Small California city plans to disband ALL services

Sen. Lincoln Intervenes for Arkansas Bank

SurvivalBlog:

Financial Reform Is a Disaster For Banks, Consumers: Bove

California on ‘Verge of System Failure’

Global Systemic Crisis/Second Half of 2010: The Global System’s Four Single Points of Failure

The Euro’s Inevitable Failure Will Be Horrendous for All of Us

Spain Could Test the Euro to its Limits

Finding Gold in the Mainstream

Fresh Economic Worries Trigger Fresh Rush into Gold

Three Reasons You Should Buy Silver Right Now

US Homebuilding Craters After Tax Break Expires

Stocks Slide on New Concerns About Housing, Banks

May Home Sales Dip as Housing Market Struggles

Natural Gas Prices Drop for Third Straight Day



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