Financial News Update – 08/07/10

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Consumers: Soon to feed through

CHART OF THE DAY: The Scariest Jobs Chart Ever Takes A Turn For The Worse

Here’s What It Looks Like When Your Currency Is Collapsing

UGLY JOBS REPORT: 131,000 Lost In July, Stocks Heading Lower

The Dollar Is Getting Hammered, And The Yen Is Going Nuts After The Bad Jobs Report

Drudge Hilariously Skewers Tim Geithner

Watch The Hilarious Way White House Labor Secretary Hilda Solis Tries To Spin The Jobs Report As Positive

Putting Fannie Mae’s Ridiculous Losing Streak In Context

The Backstory On How Christina Romer Wanted To Fix The Economy

Rich Run Scared?

Report: Fed Could Be Forced Into $1 Trillion Emergency Rescue (Hat Tip: Jean Stoner)

US national park faces sale (Hat Tip: Brian B.)

Debt Slavery Is THE Issue (Hat Tip: Larwyn)

The Public Employment Disaster (Hat Tip: Larwyn)

Maine’s Free-Spending RINOs Love Running Up the National Debt (Hat Tip: Larwyn)

Irregularities in Skilled Healthcare Trial

Sen. Feingold Uses Dead Person in Ad to Suggest Failed Stimulus Actually Worked (Video)

As Fellows Lose Jobs Union Fights For Stiffer Drug Benefits: Free Viagra

Robert Gibbs: Obama’s Economic Team ‘Exhausted’

Dollar Index Falls a Ninth Week, Longest Since 2004, as Fed Meeting Looms

Goldman Sachs Estimates Derivatives May Provide Up to 35% of Its Revenue

Berkshire Profit Falls as Buffett’s Derivative Bets Suffer

MICHELLE O’S $375,000 VACATION?!

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