08/6/10

Financial News Update – 08/06/10

The Housing Market Is On The Cliffs Of Insanity

Economy Stalls as Obama’s Economic ‘Dream Team’ Hits the Skids

Will Obama’s Election-Year Hail Mary Be A Massive Mortgage Relief Plan For Homeowners?

Conservatives Already Slamming Obama Over Rumored Fannie And Freddie Mortgage Giveaway

The Dollar Gets Slammed After Ugly Jobs Data

PIMCO’s El-Erian: The US Is On The Road To Deflation

Remember, This Gigantic Fannie And Freddie Giveaway Has Been In The Works Since Last December

Treasury Denies Talk Of Massive Homeowner Bailout

Geithner: The Entitlements Shortfall Is Coming Sooner Than You Think*

Actually, The New Fannie And Freddie Homeowner Bailout Is A Massive Bailout Of The Banks

The Government’s New Genius Idea: The $1,000 Down Payment

Tim Geithner’s Real Message On Taxes: Letting The Bush Tax Cuts Expire Is Just The Beginning

Well Here’s One Area Of Fantastic Growth Bernanke Has Overseen

Liberal-stream Media..No Coverage on MO Ballot Initiative Challenging ObamaCare (Video)

Minnick Shows His Progressive Colors… By John Anderson, Tea Party Boise, Inc.

RS: “No Distribution Shall Be Made to the State of Texas” (Hat Tip: Brian B.)

No Shady Banking Buddy Left Behind (Hat Tip: Brian B.)

Update: Michelle’s (Even More) Outrageous, Expensive (Racist) Vacation (Hat Tip: Brian B.)

Michelle Obama’s Lives Lavish Lifestyle (And Lavish Vacations) On Taxpayer Dollars (Hat Tip: Brian B.)

U.S. Companies Add 71,000 Jobs; Unemployment at 9.5% (and Keynesian pigs fly…)

Pimco’s Gross Says Fed Won’t Raise Rates for 2 to 3 Years

Wheat Heads for Biggest Gain in Half a Century on Export Bans

Romer Resigns in Second Exit for Obama Economy Team

Here’s The Awful Reality Of America’s Student Loan Nightmare

David Rosenberg: Here’s Why The Odds Are Horrible That The Economy Is In Good Shape

Byron Wien: It’s Amazing That The Market Ever Goes Up With A Political Situation This Horrible

Pretty Soon We Need To Start Talking About The “September Effect”

Why The Fallout From Deepwater Horizon Could Send Oil To $100/Barrel

Giant Empty Office Building Portends South Korea CRE Trouble

First Lady’s Most Excellent Spanish Adventure Will Cost US Taxpayers Over $200,000

Worst. Jobs. President. Ever… July Unemployment Rate Remains at 9.5%

Claire McCaskill Lectures Missouri On Misguided Prop C Vote: “People Don’t Realize How Beneficial the Mandate For Health Care Will Be”

Change You Can Believe In

Companies hire at slow pace for 3rd straight month

Social Security in the red this year

Fannie Mae Seeks $1.5 Billion From U.S. Treasury After 12th Straight Loss

Putin bans Russia grain exports due to drought (Hat Tip: Brian B.)

Morning Bell: The Obama Tax Hikes, Another Step Toward a European Welfare State

Another Obama Economist Jumps Ship

Winning the War on Poverty: Reevaluating the UN Millennium Development Goals

Side Effects: Obamacare Spreads the Wealth by Cutting Medicare

Summertime Blues for the Taxpayer

What Recovery Summer?

Faber: Prechter’s Right on Dow 1,000 but Dollar Will Be Worthless

Teachers’ union demands taxpayer-funded Viagra

Democrats cut food stamps to pay off teachers’ unions

Recovery Summer Update: Government Motors to Invest $500 Million in Factory in… Mexico

Unemployment at 9.5%; another Obama econ adviser bails; Mrs. Obama hits the beach

Claire McCaskill: Missouri Voters Too Stupid to Realize What’s Good For Them

Gov’t revised payrolls for May/June show 97,000 fewer jobs than first reported

WELCOME TO THE RECOVERY

Impoverished City To Close All Libraries

China to maintain trade cooperation with Iran

OBAMA CHOPPERS 6 MILES — FOR ECONOMY REMARKS!

Postal Service loses $3.5 Billion

Chicago’s bond rating downgraded

UN panel: New taxes needed for climate fund

Senate Approves $600M for Border Security

SurvivalBlog:

Russia to halt wheat export.

Why Russia’s Heatwave Means Higher U.S. Food Prices.

U.S. To Train 3,000 Offshore IT Workers.

Why Japan Is Doomed (and the U.S. and E.U., too): Demographics, Low Savings, Ballooning Debt.

Japan’s Cheap Debt Could Cost the World Dearly.

Rising pork bellies prices hit all-time high.

City [of Chicago] bond rating downgraded.