Financial News Update – 07/01/10

Bond Guru Gundlach Warns That US Will Default

Double-Dip Recession a Fashionable Discussion Piece

Gold and Government Debt: The Only Two Things Going Up

Realty Income Corp (NYSE:O) — Buys Winery While Shareholders Remain Drunk

A Tough But Effective Way to Fix the Economic Crisis

A Lesson from the U.K.

Hugo Chavez’s Socialism: Beg, Borrow or Steal

Zell: Obama Has Lost His Focus on Economy

Jim Rogers: Bond Market Bubble Headed for Disaster

Economies in Latin America Race Ahead

Rush Limbaugh: America has become ‘Obamaville’ (Hat Tip: Brian B.)

Blame Central Banking Not Obama

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

If There’s A Bottom In Sight For Commercial Real Estate, We Can’t See It

RBS: Sure China Has A Stronger Currency, But Signs Of Weakness Are Emerging

Bill Gross: Only Economists Whose Last Name Begins With “R” Understand The Debt Problem

RECTOR/DONOVAN: Confronting the unsustainable welfare state

Deficit Panel Stresses Spending Cuts

Stocks, Commodities, Dollar Drop on Recovery Worries

Global Manufacturing Shows Weakening From China to Europe, U.S.

Fed Made Taxpayers Unwitting Junk-Bond Buyers

AIG’s Benmosche Said to Threaten to Resign Unless Golub Quits

Jobless Claims in U.S. Increased Last Week to 472,000

1.3M Unemployed Won’t Get Benefits Restored

New Jobless Claims Rise Unexpectedly

Official: ‘Not Enough Money’ for Spill Claims

Huge homeless tent city takes root in Hawaii

DEBT SOARS TO HIGHEST LEVEL SINCE WWII

New jobless claims rise [again]

Pending home sales plunge record 30%

Fed Officials Express Caution on Outlook, Avoid Talk of Further Stimulus

OBAMA HEALTHCARE ROLLOUT PROMOTES VODKA, P. DIDDY

REPORT: GOOGLE to pay gay employees more than straights

Budget Air: $7.50 to fly standing up, $1.50 for the bathroom

California welfare recipients use strip club ATMs

Left-wing group’s grant will “educate” MSM on Obamacare law

Media Shocked to See “Unexpected” Rise in Jobless Rate

Unreal. Obama: “Unemployment’s at 9.6%… At Least It’s Not at 12, 13 or 15%” (Video)

Obama Travels to Wisconsin to Tote Disastrous Stimulus Bill… Tea Party Breaks Out (Video)

SurvivalBlog:

$600 Sale? Get Ready for Tax Form

Dollar should be replaced as international standard, U.N. report says

Silver Posting Best Streak Since Hunt Conspiracy No Matter Which Way Economy Turns

Stamp of Idiocy (The Mogambo Guru)

Home Prices Rose 0.8% in April Over March

Consumer Confidence Tumbles in June

Oil Prices Plummet on Concerns About US Demands

Gold May Reach New Highs on “Double Dip” Fears


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