Financial News Update – 08/05/10

About Those Supposedly Strong Corporate Balance Sheets…. They’re A Myth

Pimco’s El-Erian: Chance of US Deflation Is 25 Percent

Clarium’s Peter Thiel’s Investment Tips: Preparing For A Deflationary World

CHART OF THE DAY: Here’s America’s Nightmare Austerity Scenario

The Market Has Been Fearing Deflation Since 1998, And The Current Rally Will Fizzle

Pending Homes Sales Hit New Record Low Again — When Will the Deja Vu Be Over?

Here’s Just One Of Many Reasons Why We’re Headed For Another Recession

AEI’s John Makin: The Deflation Is Already Here

Now Russia Is Being Told To Ban All Grain Exports As Crisis Worsens

Once Again, Companies INCREASE Planned Layoffs

Argonaut Capital’s David Gerstenhaber: America’s Ugly Demographics Is Destiny For The Market

China – The Reality of the Bubble

Iran War to Advance Global Currency?

Beautiful & Bankrupt

U.S. to Train 3,000 Offshore IT Workers (Hat Tip: Brian B.)

Imaginary Savings Used to Justify $26-Billion in Spending

Prognosis guarded for Medicare and Social Security

Corporate lobbyists fought Missouri voters to protect ObamaCare

Obama’s DOJ forces companies to pay off black groups

Morning Bell: The Obama Elite vs The American People

Reduced Use of Health Care Could Cut Costs—That Is, Until Obamacare Makes Its Mark

Once Again, the Social Security Trust Fund Has No Money in It

Dark History of Money and Power in Video and IMF Blueprint for a Global Currency

Sheriff Taylor’s health pitch sparks cardiac arrest

GOP senators want HHS to yank Andy Griffith ad

Texas To EPA…NUTS!

A Very Graphic Guide To The Horrendous State Of The US Jobs Market

The New Goldilocks: No Inflation, No Crises, And An Endless Liquidity Pump From The Fed

Wow, Even The Homebuilders Hate Housing Tax Credits Now

David Rosenberg: This Is 2007 All Over Again, As The Level Of Market Complacency Is Now Palpable

The Unemployment Rate May Be Sliding, But Food Stamp Use Isn’t

Who Exactly Is Buying All That Treasury Paper?

Jobless rates no factor for stimulus money (Hat Tip: Jean Stoner)

Boomer Dynamics: How The End Of The Census And The Housing Bust Means Another Leg Down In Employment (Hat Tip: Jean Stoner)

The Myth of the Manufacturing-Led Economic Recovery (Hat Tip: Jean Stoner)

The Market Is At A Crucial Level, And Friday’s Jobs Report Could Decide Everything (Hat Tip: Jean Stoner)

Justice Department steers money to favored groups (Hat Tip: Jean Stoner)

Swindling our seniors: AARP shills for White House on Obamacare (Hat Tip: Jean Stoner)

Tidal Wave Set to Hit Shorebank and Its Cronies (Hat Tip: Jean Stoner)

Democrats rush back to bail out teachers’ unions

New threat: Hackers look to take over power plants (Hat Tip: Brian B.)

U.S. Retailers’ July Sales Trail Estimates on Spending Cuts

Greece Likely to Get Aid Payout on Austerity Progress, IMF Says

Obama Auto Aide Montgomery Leaves Cash, Advice, Confused Mayor

Robert Gibbs Reacts to Missouri’s Whomping 71.1% Vote Against O-Care: It’s Nothing

Michelle And Sasha’s Excellent Spanish Adventure…At Taxpayers Expense! Behold! A modern day Marie Antoinette…

Democrats: Say, Let’s Exempt Rich People in Blue States From Tax Hike!

As They Live off Us, Some Federal Workers Pocket Fraudulent SS Benefits

Sharron Angle Ad: Nevada’s Property Rates Plummeted Under Harry Reid

a stunning political and economic bombshell

The shady Shorebank bailout revisited

Barry and Alexi, sitting in a (money) tree

Speaker Mop & Glo reconvenes House for summer bailout vote



GOV’T MOTORS — making political donations?

Health inspectors shut down 7-year-old’s lemonade stand; demand $120 for license

New claims for jobless benefits jump

Medical Marijuana Sold at Discount Rate to DC’s Poor

USPS posts $3.5 billion loss

Feds Bust Alleged Terror-Funding Ring

Saving Rural Grocers


ACTA: The War on Progress, Freedom, and Human Civilization

Why Bankers Didn’t See Collapse

Here’s your state’s burden per capita”.

A 25 minute long BBC Radio Interview on the Credit Crisis and the Risk of Another Crash.

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