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Financial News Update – 12/16/10
Dec 16th, 2010 by TMH
Grocery prices grow by 1.5 times inflation rate
McConnell offers 1-page resolution in place of 1,924-page spending bill
SHOWDOWN: Gingrich Urges Fillibuster Of Omnibus Bill
Jerry Brown: California Budget Is “Much Worse Than I Thought — We’ve Been Living In Fantasy Land”
Der Spiegel: Under Berlusconi, Italy’s ‘Demise Is Unstoppable’
Bonds Routed, And Bulls Suffer Another Loss: Here’s What You Need To Know
David Rosenberg: We Just Got Bond Market Capitulation
Jeff Gundlach: The USA Can’t Handle A Surge In Interest Rates
16 Nightmarish Economic Trends To Watch Carefully In 2011
The One Chart Frightening European Leaders Into A New Bailout Strategy
Why It’s Awesome That The GOP Walked Out, And Torpedoed The Financial Crisis Commission
Omnibus will fund millions to Agenda 21 projects (Hat Tip: Jean Stoner)
Mountain House Confirms Freeze Dried Food Shortage (Prepper Ping!) (Hat Tip: Jean Stoner)
Private Sector Obliged to Work Off the Public Debt (Hat Tip: Brian B.)
Silver at $40 Will Be Best 2011 Metals Bet, Standard Bank’s Ikemizu Says (Hat Tip: Brian B.)
DeMint Drops Bid to Delay Action on New START (selling America OUT) (Hat Tip: Jean Stoner)
Senate plans weekend work to ratify START, pass spending bill (Hat Tip: Brian B.)
U.S. Housing Starts Rise for First Time Since August
FedEx Profit Trails Estimates as Shipment Growth Slows
Tax-Cut Extension Vote in House Hinges on Estate-Tax Dispute
Kaufman Says U.S. Rebound Stalled by Housing, Labor Woes
Current-Account Gap in U.S. Widened in Third Quarter on Imports
Jobless Claims in U.S. Unexpectedly Fell to 420,000 Last Week
General Mills Profit Misses Estimates on Higher Material Costs
Banks Push Fed to Curb Borrowers’ Right to Rescind Mortgages
Basel Rules Would Have Cost Banks $797 Billion This Year
Gross Puts $17 Million of Own Money Into Bond Funds After Drop
Bank of America Appeals $590 Million Lehman Ruling
$8B in Earmarks, But What Does It Cost You?
$11M Christmas Tree Unveiled in Abu Dhabi
23% Say USA Heading in Right Direction, Lowest Since Obama Took Office
Socialist president plays host to capitalism
REPORT: Obama told lawmakers not passing tax deal could end presidency
Biden To Republican Opposition: ‘Get Out Of The Way’ (Hat Tip: Jean Stoner)
Is America the sick man of the globe?
DEMS: THE 20 DAYS OF CHRISTMAS
JULIUS TO CONQUER WEB: FCC sets vote on ‘net neutrality’ rules
Senate GOP likely to force confrontation
Streisand glad Hillary not president: They’d have ‘blamed her gender’ for economic crisis
EU leaders to be warned debt crisis ‘systemic’
PAPER: Year of bullying, bluff and bailouts leaves euro fighting for its life
Greek anti-austerity strike turns violent
Putin: Moscow riots show need for stronger order
Court Rebuffs Obama on Warrantless Cellphone Tracking
The 111th Congress’s Final Insult
Ex-senators request earmarks totaling $141 million
Approval of Internet traffic rules likely: analysts (Hat Tip: Brian B.)
New day in court for health reform
The Tax Bill Passed by the Senate is Unconstitutional (Hat Tip: Jean Stoner)
Moody’s ‘Threat’ Sends Gold, Silver Reeling
China: That Urban Empty Feeling
Red Meat Conservative: 6 Republicans Oppose Permanent Extension of Tax Cuts (Hat Tip: Brian B.)
Rep. Emanuel Cleaver Has $48 Billion Earmark In Omnibus To Redistribute Wealth (Hat Tip: Brian B.)
VA Attorney General: If We Lose, Government ‘Will Be Able To Order’ People To Buy Anything (Hat Tip: Brian B.)
One Last Disgrace (Hat Tip: Brian B.)
Are You Kidding?… RNC Candidate’s Firm Worked to Secure Obama Stimulus Funds For Clients
Democrats Likely to Pass New Internet Regulations Next Week
It’s All About the “O” …Obama Warns Dems If Bush Tax Cuts Don’t Pass, He’s Finished
Unbelievable… Democrat Asks For $48 BILLION EARMARK to Redistribute Wealth to Inner City
Compare and contrast: GOP vs. Dems’ plans to keep government in business
Boston Tea Party: 237th anniversary
Crash the White House/Medicare czar closed-door meeting
“Limited Dictatorships” of the Americas
Rome in Grip of Guerrilla Warfare (Hat Tip: Jean Stoner)
Rush: Omnibus bill is a slap in America’s face (Hat Tip: Brian B.)
Is China the Next Bubble? (Cont.)…
What a Spending Bill Should Look Like
Lame Duck Congress, Will You Please Go Now!
Threats to Economic Freedom in Belize?
Rep. Bachmann: Tax Bill Violates Article 1, Section 7 of U.S. Constitution (Hat Tip: Brian B.)
Working Database of All Earmarks Included in the Omnibus Spending Bill (Hat Tip: Jean Stoner)
There’s One Terrible Data Series Hidden In The Empire State Manufacturing Survey
2 Days to Print and 50 Hours to Read: GOP Will Recite Entire Spending Bill on Senate Floor
Limbaugh: ‘Maybe the Real Terrorists We Face Are on Capitol Hill’
Geithner: Gov’t Still Finding Ways to Influence Housing
Justice Scalia to Teach First Congressional ‘Constitution 101’ Class
US will lose AAA credit rating, says M&G’s Jim Leaviss.
Stocks, Bond Yields Rise As Fed Sticks By Stimulus
Good Signs: Retail Sales Up, CEOs In Hiring Mood
Stronger Reports, Fed News Push Treasury Rates Up
Stocks Fall As Euro Worries Overshadow US Growth
Factory Output, Low Prices Give Economy Boost
JP Morgan And The Great Silver Caper
“A nation which can prefer disgrace to danger is prepared for a master, and deserves one.” – Alexander Hamilton
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