Financial News Update – 06/29/10

17% plunge in CITIGROUP triggers 5-minute trading pause

Mohammed El-Erian: Here’s Three Reasons Why The G20 Was Very Disturbing For The World Economy

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

Financial Reform Bill Will Not Stop the Next Meltdown (Hat Tip: Brian B.)

Financial ‘reform’ designed to protect big banks at the expense of small ones

Sweeping Finance Bill Set (Hat Tip: Brian B.)

The 18 States Facing The Most Brutal Austerity Cuts

Think Tank Warns That Hong Kong’s Dangerous Dependence On Finance Could Result In Catastrophe

Paul Krugman Throws In The Towel, Says We’re Headed For Another Depression

The G-20 Achieved Just What The Politicians Wanted: A Buffer For Delaying The Inevitable

Jim Chanos Explains The Four Themes Of Short-Selling

How A Yuan Hike Could Tank The Baltic Dry Index, And Give Commodities A Shock

Fantastic Presentation On How To Analyze And Think About Gold Prices

10 Things You Need To Know Before The Opening Bell

More Keynesian Clowns Come Out Of The Woodwork

Why Homes Are Now The Cheapest Since 1968

A Cheeky ObamaCare Discovery (Hat Tip: Jean Stoner)

SBA declines 70 percent of Louisiana businesses applying for oil spill loans, state complains (Hat Tip: Jean Stoner)

The New Math Of Hillary Clintonomics (Hat Tip: Jean Stoner)

Russia to Lift Ban on U.S. Chicken Meat, Obama Says (Hat Tip: Jean Stoner)

Hillary Clinton: Accidental Supply-Sider (Hat Tip: Jean Stoner)

Today’s New Capitalists Promise 3 Bil New Consumers Tomorrow (Hat Tip: Jean Stoner)

Krugman’s Depression (Hat Tip: Jean Stoner)

Sen. Brown on Wall Street bill: I can’t support Dem’s $19 billion tax hike (Hat Tip: Jean Stoner)

Obama Sends A Threat From Canada (Hat Tip: Jean Stoner)

National Right to Life Committee Charts Political Strategy to Repeal Obamacare (Hat Tip: Jean Stoner)

46 States Facing Greek-Like Budget Crisis

John Hussman: It’s Official, The Data Says Another Recession Is Coming

American Companies Are Loving Today’s Massive Pool Of Skilled And Desperate Unemployed

Jeff Saut: The Economy’s Rolling Over, And It’s Time To Get Cautious On Stocks

Cameron’s Faux Austerity for Britain

Krugman’s Opium War on China

Government Dependency Surges; Addiction To Get Worse

Both sides want Obama, during Racine visit, to explain Chrysler moving jobs from Kenosha to Mexico (Hat Tip: Jean Stoner)

Morning Bell: The Dodd-Frank Assault on Economic Recovery

Reject All Energy Subsidies, Not Just the Ones for Fossil Fuels

How Does This Financial Panic Compare To Previous Panics?

O’Neill: It’s a ‘Perfect Storm’ for Gold

Stock selloff accelerates (Hat Tip: Jean Stoner)

Consumer confidence tumbles in June (Hat Tip: Jean Stoner)

Fannie-Freddie Bailout Could Cost Taxpayers $1 Trillion (Hat Tip: Jean Stoner)

Spanish banks rage at end of ECB offer (Hat Tip: Jean Stoner)

Why the government cannot control medical costs (Hat Tip: Jean Stoner)

U.S. stock futures stumble on China jitters (Hat Tip: Jean Stoner)

Hey Congress! Get down on it! Repeal Obamacare!

Scott Brown on Dem’s Financial Bill: “I Can’t Support the Dem’s $19 Billion Tax Hike”

Bill O’Reilly: Merkel’s Looking at Obama Like “Do You Know Anything?”

Tea Party Italia – Florence Patriots Rally for Lower Taxes & More Freedom!

Obama: Economy ‘strengthening’

European stocks plunge on growth worries

U.S. Pays $1.4M to Study ‘Social Milieu’ of Male Prostitutes in Ho Chi Minh City

Group urges Americans to refuse Obama taxes

ON THE BRINK: Finance Bill’s Fate Uncertain

Sen. Brown to switch to ‘no’ vote on banking bill


Greeks Walk Off Job

City budgets cutting July 4th fireworks

Court Passes on Campaign $$ Case


Foreign Central Banks Going for the Gold

RBS tells clients to prepare for ‘monster’ money-printing by the Federal Reserve. Here is a quote: “We cannot stress enough how strongly we believe that a cliff-edge may be around the corner, for the global banking system (particularly in Europe) and for the global economy. Think the unthinkable.” (Thanks to Brian B. for the link.)

We Can’t Recover all the Jobs Lost

Derivatives Blow for Wall Street Banks Under Historic US Reforms

The Next Catastrophic Bubble to Break Will be Private Sector Debt

Extend And Pretend: A Matter of National Security

Scrambling for Votes on Wall Street Reform

The Market Goes Under Full Anesthesia

NY Fed Probes Wall Street Exposure to BP

Double Dip? Or Did The Great Recession Never End?

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