Financial News Update – 06/30/10

Flip, Trip, Double-Dip

Socialist Pigs

As Goes GM…

Expect to “Think the Unthinkable” About “Monster” Quantitative Easing

Democrats use war bill to pay off teachers’ unions

Study: Cap-and-Trade to kill 500,000 jobs by 2015

Britain Changes Little Under Tories

New Study: Kerry-Lieberman to Destroy Up to 5.1 Million Jobs, Cost Families $1,042 per Year, Wealthiest Americans to Benefit (Hat Tip: Kim Priestap)

BP shares jump as analysts weigh takeover scenario (Hat Tip: Jean Stoner)

It’s Depression Deja-Vu All Over Again! (Hat Tip: Jean Stoner)

Cramer Rips Feds for Congressman’s 1K-2K Dow Drop Call: Washington Has Decided to Eviscerate Profits (Hat Tip: Jean Stoner)

Bank Tax Sets Back Financial Bill (a tax on corporations, banks included, is a tax on consumers) (Hat Tip: Jean Stoner)

Wall Street bill back to conference as Democrats don’t have the votes (Hat Tip: Jean Stoner)

Time to shut down the US Federal Reserve? (Hat Tip: Jean Stoner)

Japanese shares drop sharply at open, with techs; Nikkei Average down 2% (Plunge continues) (Hat Tip: Jean Stoner)

Wave Goodbye To Easy Credit (Hat Tip: Jean Stoner)

Obama Stresses Need for Price on Carbon as Dems Look to Compromise (Hide Your Wallets) (Hat Tip: Jean Stoner)

23 Doomsayers Who Say We’re Heading Toward Depression In 2011

Uncovered BP Document From March Brags Of Gulf Of Mexico Growth, Cheap Production Costs

David Rosenberg: Paul Krugman’s Doom Warning Is Spot On

A Failed Debt Auction Proves That The ECB Is Being Ridiculously Dumb

Scott Brown Shows Why We’ll Never In A Million Years Balance The Budget In America

Consumer Confidence Collapses Massively In June

Check Out The 27 Brands That Will Dominate The Future

Case Shiller New York Property Prices Collapse To New Lows

Niall Ferguson Is Getting Nervous About What’s Going On With Europe’s Banks

China And Taiwan Sign Monumental Trade Pact, Charging Even Closer Towards Economic Union

PROOF! Private insurance targeted for annihilation

Democrats scramble to save reform package

A tale of two States: The differences between PA and NJ’s budgets

Headline of the Day

Nice Gig: $472,255 to run a town of 20,000!

Economy continues to unravel

A look at global economic developments (Hat Tip: Jean Stoner)

Why Obamanomics Has Failed – Annotated

VIDEO: Welfare Can And Must Be Reformed

Obamacare Hits Small Businesses Tomorrow With Arrival of Tanning Tax

CBO Reveals Magnitude of Reform Needed for Sustainable Fiscal Future

Private Sector Lost Nearly 10 Million Jobs in Last 3 Years – Public Sector Gained 720,000

PRIVATE SECTOR SEES WEAKER JUNE JOBS

Venezuela govt to nationalize 11 US-owned oil rigs

Dems add teacher money to war funding bill [and other goodies]

Jobs Market Barely Budges in June as Hiring Stays Weak

DAY 3: Spain metro strike continues over austerity

RBS: Equity Investors Are The “Worst Cult In History,” Prepare For The “Cliff Edge”

New UN Report Recommends Ditching The Dollar As Global Reserve Currency

The Officialdoms Of Wall Street and Washington Are Shaping Our History

The 10 Commandments For Advanced Economies To Fix Their Fiscal Disasters

19 Signs The Economy Is Worse Now Than Ever In Your Lifetime

GOP’s Chris Christie: It’s Time To Treat People Like Adults And Tell Them: “We’re In Huge Trouble”

David Rosenberg: Here’s Three Very Ugly Numbers From Yesterday’s Consumer Confidence Numbers

ADP Jobs Report WAY Below Expectations

Be Careful, Yesterday’s Fall Could Signal An Even Bigger Collapse To Come

House Prices Are Still Too High And They’re Going To Tank — Ritholtz

Citi: We’ve Gone From Panic to Complacency… And Now We’re Back All The Way To Panic

Time To Shut Down The Federal Reserve



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