Financial News Update – 07/08/2010
U.S. marks 3rd-largest, single-day debt increase (Hat Tip: Brian B.)
Deficit hits $1 trillion in June for second year
Financial regulation bill dictates ethnic, gender quotas
Venezuelan Socialists Replace National Currency With Small Pieces Of Cardboard
Bulk Condo Sales Reveal A Gut-Wrenching Property Price Collapse
Central Banks Dumping Gold At A Torrid Pace
European Stress Tests Terms Are Released, And Jim Rogers Is Grinning From Ear To Ear
Deficit Hysteria Means The Middle Class Is About To Get Squeezed By New Taxes
Jim Rogers: I’m Buying The Euro Even Though It’s A Flawed Fiat Currency
It’s Like We’re Back In 1776 And We Need A Henry Knox
The Yield Curve Is Screaming “SLOWDOWN” But Still No Recession
China Officially Rejects Gold As A Reserve Asset
Gold Selling Is Relentless, While The Dollar Finally Catches A Bid
Brutal Pictures Of India’s Explosive Kashmir Situation
U.S. House plan overturning Obamacare halfway there (Hat Tip: Jean Stoner)
12 Charts That Show Your Blue-Chip Portfolio Getting CRUSHED
Here’s The Real Reason Cities And States Would Never Be Allowed To Default
Let’s Be Honest About What “Stimulated Demand” Really Means
Suddenly, EVERYONE’S On The Stimulus Bandwagon
El-Erian: The Consensus Has Changed, Now Everyone Is Looking For “Self-Insurance”
Is Everyone Bearish, Or Is Everyone Assuming We’re Due For A Big Bounce?
The Water Market Could Be A Thousand Times Bigger Than Oil By 2030
Retail Sales Rise in June as Warm Weather, Bargains Spur Buying
Europe Stress Tests May Underestimate Probable Losses
How the Expiring Bush Tax Cuts Affect You (Hat Tip: Curtis Frantz)
Morning Bell: Federal Government Overpaid $47 Billion a Year
One Hundred Days Later: The Best Way Forward with Obamacare is to End It
CBO Plays “Let’s Pretend” on Kerry–Lieberman Scoring
Prechter: Dow Could Plunge to 1,000 as US Sinks Into Deflationary Depression (Hat Tip: Jean Stoner)
Study: ObamaCare will cripple states by skyrocketing Medicaid costs
A Double Dip or Off the Cliff? (Hat Tip: Jean Stoner)
Govt: Obama Drilling Ban to Cut Supply Sharply (Hat Tip: Jean Stoner)
Missouri Lt. Gov. Peter Kinder Files Lawsuit Against Dem’s National Health Care Bill (Video)
PROMISES BROKEN: Hundreds of fishermen don’t get their BP checks
Could High Taxes Influence LeBron James’ Team Decision?
US, EU agree to share citizens’ bank data
Pentagon throws $3 billion at Afghan bombs
China rules out ‘nuclear option’ on T-bills
UPDATE: Obama Bypasses Senate For New Medicare Czar
FLASHBACK: ‘Health care plan must redistribute wealth’
30-yr mortgage rate drops to record low
The World of the Doomsday Investors
Implications of a Likely Economic Downturn
Job Creation in Private Sector Remained Weak in June
So What Exactly is a Double-Dip Recession?
Mortgage Rates Scream “BUY” But Who’s Listening
State Pension Woes Only Worsening
ISM Says Service Sector Growth Slows in June
Post Office Announces 2-Cent Rate Increase. (Say, what happened to that much-touted deflation?)
In Memoriam
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