Financial News Update – 08/12/10

Blame Ireland For The Big Euro Crackup Today


Here We Go: Spain Is Considering A Reversal Of Planned Spending Cuts

Goldman: Here Are 3 Reasons The Economy Is About To Get Weak

David Rosenberg: I’m Not Saying It’s The 1930s All Over Again, But…

“It Costs Our Company $74,000 To Pay An Employee $59,000–Of Which She Keeps $44,000”

PIMCO: Basically The Fed Move Was Only Good For Blowing More Bubbles

Economist Rogoff Breaks Down What Happens To Economies That Hit 90% Debt-To-GDP Ratio

Taleb: Bet On A Bond Collapse, And Hedge Against Imminent Inflation

Bernanke Boxes Himself Into A Corner: What Does He Do Now?

REMEMBER: In 1930, They Didn’t Know It Was “The Great Depression” Yet

Three Reasons Why Jobs Have Gone AWOL

HUD Just Announced A Homeowner Bailout


California can’t pay bills — may use IOUs for August payments

DEFICIT ADDS $165,040,000,000.00 — IN ONE MONTH!

Homes lost to foreclosure up 6% from last year


US Unemployment Out of Control?

Stocks plunge as U.S. trade deficit is wider than expected

Goldman Predicts Gold May Rally to Record $1,300

Poll: Most Fear Economic Worst Is Yet to Come

Economists Whack Their Growth Estimates, But They’re Still Too Optimistic

Morgan Stanley: There’s A Massive Short Position In The Dollar Right Now

Firing the school super won’t end government handouts

GM’s Whitacre Steps Down as CEO

SEC Plan to Pry Open Corporate Boards May Face Challenge

Foreclosure Crisis Spreads Across U.S.; Idaho Defaults Mount

Peter Schiff: “We’re in the Early Stages of a Depression” (Hat Tip: Brian B.)

We Want Our IOUs (Hat Tip: Brian B.)

Morning Bell: The Dodd-Frank Bailout is Already Here

Another Recession, Already?

Morning Bell: Under Obamanomics, Government Workers Win, You Lose (Hat Tip: Brian B.)

$26.1 Billion Union Bailout Went to States that Didn’t Need it

Obama July Deficit of $167 Billion Tops Bush Deficit For Entire Year of 2007

Treasury Dept’s New Charge: Muslim Outreach??


Why Gold and Silver Seem Stuck

Chorus of QE calls is deafening.

Double Dip Depression Will Lead Us Into War

Fed Looks to Spur Growth by Buying Government Debt

Wal-Mart Prices Are Rising: JP Morgan Study

Productivity Falls 0.9% in Second Quarter

Stocks Cut Losses on Fed’s Economic Stimulus Plan

GOP Destroyed American Economy

Geithner’s Claptrap About “The Recovery” Exposed

Gold Thefts Prompt Police to Monitor Sellers

San Fran Fed: Significant Chance Of Recession Next Two Years

A Democratic Panic Attack? Rumors of an “August Surprise”

Side Effect of the New Frugality: Happiness

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