Economy Report: July 27, 2011 : Paul Buzby

U.S. likely to lose top rating: economists

http://news.yahoo.com/u-likely-lose-top-rating-economists-000214380.html

Spin article, 33 out of a hundred, that is the percentage of liberal progressives who want the U.S. to keep spending. Do not believe this article.

Is default deadline truly August 2? Analysts say no

http://news.yahoo.com/default-deadline-truly-aug-2-analysts-no-000349079.html

There will be no panic after August 2.

Oil falls as nation's crude supplies rise

http://finance.yahoo.com/news/Oil-falls-as-nations-crude-apf-2013889121.html?x=0

No oil shortage. When the summer oil spike ends (end of August) oil goes down and dollar goes up.

Greece suffers new credit downgrade

http://finance.yahoo.com/news/Greece-suffers-new-credit-apf-1601402412.html?x=0

The world needs a weak dollar to make their currency to have more buying power. A strong U.S. Dollar gives the U.S. more buying power.

GOP retools plan as Congress seeks debt fix

http://finance.yahoo.com/news/GOP-retools-plan-as-Congress-apf-186942940.html?x=0

This is a battle. The war is the 2012 election. They need to win this battle but not lose the war.

Debt Ceiling Deadlock

Debt Ceiling Deadlock: Why the Markets Don’t Seem to Care

http://finance.yahoo.com/blogs/daily-ticker/debt-ceiling-deadlock-why-markets-don-t-seem-142313090.html

Finally, someone who is not buying into the hype. Good article.

Economy Report: July 26, 2011 - Paul Buzby

As Washington struggles over debt crisis, Obama stays mum on veto threat

http://news.yahoo.com/blogs/exclusive/washington-struggles-over-debt-crisis-obama-stays-mum-043411132.html

Obama and democrats waffling, let’s hope the Republicans can hold out and stop the spending.

California "Dream Act" approved for illegal immigrants

http://news.yahoo.com/california-dream-act-approved-illegal-immigrants-013617230.html

End run around congress to grant amnesty to illegal immigrants, this will drive education cost up and qualified graduates down in California.

Job listings say the unemployed need not apply

http://news.yahoo.com/blogs/lookout/job-listings-unemployed-not-apply-133143362.html

This goes hand in hand with unemployment extensions. Most people wait until there unemployment runs out before looking.

More dismal poll numbers for Obama and the GOP on debt crisis

http://news.yahoo.com/blogs/ticket/more-dismal-poll-numbers-obama-gop-debt-crisis-131137433.html

Spin article. Obama’s numbers are going down and Republican numbers are going up. They are about the same now, but the trend is with the Republicans.

Consumer confidence rises in July

http://finance.yahoo.com/news/Consumer-confidence-rises-in-apf-41472160.html?x=0

Private sector improving slowly.

New-home sales fell 1 percent in June

http://finance.yahoo.com/news/Newhome-sales-fell-1-percent-apf-1445225600.html?x=0

Public sector employees being laid off causing another round (hopefully last) poor housing numbers.

Debt gridlock weighs on stocks in early trading

http://finance.yahoo.com/news/Debt-gridlock-weighs-on-apf-1916437841.html?x=0

Stock Market following Democratic spending spree and devaluation of dollar. Stock Market does not want a stronger dollar which would help the private sector.

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Public Debt of the US

The validity of the public debt of the United States, authorized by law, including debts incurred for payment of pensions and bounties for services in suppressing insurrection or rebellion, shall not be questioned. But neither the United States nor any State shall assume or pay any debt or obligation incurred in aid of insurrection or rebellion against the United States, or any claim for the loss or emancipation of any slave; but all such debts, obligations and claims shall be held illegal and void

Section 4 of the fourteenth Amendment simply affirms what is public debt authorized by law and that the validity of such debt would not be questioned and was not designed for the protection of slave owners financial loss.

Economy Report: July 25, 2011

Boehner, Reid preparing to move on debt limit

http://finance.yahoo.com/news/Boehner-Reid-preparing-to-apf-2668049096.html?x=0

Fear, Fear, Fear.

With no deal on debt, stocks sink in early trading

http://finance.yahoo.com/news/With-no-deal-on-debt-stocks-apf-1503618579.html?x=0

Fear, Fear, Fear.

Lawmakers split as debt deadline looms

http://news.yahoo.com/obama-congress-fail-break-debt-deadlock-004652744.html

Fear, Fear, Fear.

Could Obama ignore Congress if they refuse to raise the debt ceiling? Yes, and he should, some experts say

http://news.yahoo.com/blogs/ticket/could-obama-ignore-congress-refuse-raise-debt-ceiling-142136726.html

This is total spin. Spending is controlled by the congressional branch of our government, not the executive branch. This has been a check and balance to keep the president from becoming a dictator. Section 4 of the 14^th amendment was designed to avoid the financial loss to slave owners after the civil war. Again the Obama administration is threatening to twist the meaning of the constitution to grab more power and money

Here's a quick and fascinating breakdown by total amount held and percentage of total U.S. debt, according to Business Insider:- Donnel Connor

• Hong Kong: $121.9 billion (0.9 percent)
• Caribbean banking centers: $148.3 (1 percent)
• Taiwan: $153.4 billion (1.1 percent)
• Brazil: $211.4 billion (1.5 percent)
• Oil exporting countries: $229.8 billion (1.6 percent)
• Mutual funds: $300.5 billion (2 percent)
• Commercial banks: $301.8 billion (2.1 percent)
• State, local and federal retirement funds: $320.9 billion (2.2 percent)
• Money market mutual funds: $337.7 billion (2.4 percent)
• United Kingdom: $346.5 billion (2.4 percent)
• Private pension funds: $504.7 billion (3.5 percent)
• State and local governments: $506.1 billion (3.5 percent)
• Japan: $912.4 billion (6.4 percent)
• U.S. households: $959.4 billion (6.6 percent)
• China: $1.16 trillion (8 percent)
• The U.S. Treasury: $1.63 trillion (11.3 percent)
• Social Security trust fund: $2.67 trillion (19 percent)

So America owes foreigners about $4.5 trillion in debt. But America owes America $9.8 trillion.

Economy Report: July 22, 2011 - Paul Buzby - Rare Coin Wholesalers

States Where People Pay the Most (and Least) in Taxes

http://finance.yahoo.com/taxes/article/113173/states-pay-most-least-taxes-247wallst

Blue states high taxes and broke, red states low taxes and doing better.

Watch Live: Obama holds Town Hall on deficit reduction

http://news.yahoo.com/video/abcplus-22309221/abc-news-live-22309266.html#crsl=%252Fvideo%252Fabcplus-22309221%252Fabc-news-live-22309266.html

Spin.

Bomb rocks government offices in Oslo, two said dead

http://news.yahoo.com/explosion-rocks-central-oslo-norway-pms-office-134903379.html

No one is immune from “radical” Islam.

AP Interview: Hacking reporter says probe widening

http://news.yahoo.com/ap-interview-hacking-reporter-says-probe-widening-143814131.html

This about all news agencies in Britain and the British government.

Senate rejects House GOP budget-cutting plan

http://finance.yahoo.com/news/Senate-rejects-House-GOP-apf-3051861922.html?x=0

Democrats rejected. Was the only complete agreement on the table.

Unemployment rates rose in majority of US states

http://finance.yahoo.com/news/Unemployment-rates-rose-in-apf-3018956460.html?x=0

Public employees who have been insulated for the last 3 years are now being fired. More foreclosures to come.

GE 2Q profit up 21 percent, financial arm improves

http://finance.yahoo.com/news/GE-2Q-profit-up-21-percent-apf-1533654035.html?x=0

Biggest supporter and lobbyist of Obama and the Democratic party.

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Major precious metal company has gold going down long term. Comment by John Foster of Rare Coin Wholesalers

Credit Agricole Slightly Cuts Most Precious, Base Metals Forecasts

http://www.kitco.com/reports/KitcoNews20110721DeCKN_forecast.html

Family loses fight for rare gold coins

The case of the double-headed gold coins

http://news.yahoo.com/blogs/upshot/case-double-headed-gold-coins-175821245.html

Economy Report for July 21,2011 - Paul Buzby of Rare Coin Wholesalers

Oil tops $100 for first time since early June

http://finance.yahoo.com/news/Oil-tops-100-for-first-time-apf-4021663393.html?x=0

Summer oil spike, should go down end of August (dollar up, gold down).

Hope for a European debt deal lifts markets

http://finance.yahoo.com/news/Hope-for-a-European-debt-deal-apf-3545867339.html?x=0

Fear pushing people to gold should be over after this is settled (dollar up, gold down).

Draft deal for Greece includes fund overhaul

http://finance.yahoo.com/news/Draft-deal-for-Greece-apf-1229167797.html?x=0

Fear pushing people to gold should be over after this is settled (dollar up, gold down).

Leading indicators rise, signal slow growth

http://finance.yahoo.com/news/Leading-indicators-rise-apf-1713642850.html?x=0

U.S. private sector (70% U.S. GDP) showing more signs of recovering (dollar up, gold down).

Philadelphia Fed manufacturing index rebounds

http://finance.yahoo.com/news/Philadelphia-Fed-apf-3233431384.html?x=0

U.S. private sector (70% U.S. GDP) showing more signs of recovering (dollar up, gold down).

More people sought unemployment benefits last week

http://finance.yahoo.com/news/More-people-sought-apf-3869151143.html?x=0

Public employees, who have been shielded from the recession for last 3 years, are being laid off in droves at the Federal, state, county and city level, more foreclosures to follow.

Progress scarce as debt limit impasse continues

http://news.yahoo.com/progress-scarce-debt-limit-impasse-continues-070342305.html

Spin article trying to kill cut, cap and balance in favor of two incomplete plans that increase spending.

This is what FDR did in 1933. This is what Obama eventually wants to do in the United States. Comments by Steve Lane

Greece: Looking for the ‘right’ place to crash

http://blogs.marketwatch.com/fundmastery/2011/07/20/greece-looking-for-the-right-place-to-crash/

U.S. and Europe business picking up: Paul Buzby

American orders 460 new planes from Boeing, Airbus

http://finance.yahoo.com/news/American-orders-460-new-apf-1966218451.html?x=0

Another state moving to balance budget and build a pro business environment. : Paul Buzby

Minn. governor signs budget, ends state shutdown

http://news.yahoo.com/minn-governor-signs-budget-ends-state-shutdown-141049395.html

Gold Retreats as Focus Returns to Equities - Read last part of the article : Paul Buzby

Gold Retreats as Focus Returns to Equities

http://www.thestreet.com/story/11191262/1/gold-retreats-as-focus-returns-to-equities.html

Economy Report:July 19, 2011 - Paul Buzby

House to vote on tea party-backed debt plan

http://news.yahoo.com/house-vote-tea-party-backed-debt-plan-070234558.html

First actual plan on paper.

Oil rises 2 pct on weak dollar, strong home starts

http://finance.yahoo.com/news/Oil-rises-2-pct-on-weak-apf-4151898915.html?x=0

Fear over misrepresented possible U.S. default. No possibility of sovereign debt default (bonds, notes, treasuries).

Home building jumps in June after dismal spring

http://finance.yahoo.com/news/Home-building-jumps-in-June-apf-2439450214.html?x=0

Normal summer upswing, nothing unusual.

BofA reports $9.1 billion loss in 2Q on settlement

http://finance.yahoo.com/news/BofA-reports-91-billion-loss-apf-3667135884.html?x=0

BofA almost out from under financial losses, a little more to go.

US stocks jump on stronger earnings

http://finance.yahoo.com/news/US-stocks-jump-on-stronger-apf-595594205.html?x=0

Transitory.

AP analysis: Western states lag in recovery

http://finance.yahoo.com/news/AP-analysis-Western-states-apf-939069842.html?x=0

More political, judicial, and public union anti business policies, regulations, laws and taxes.

Economy Report: July 18, 2011 - Paul Buzby

Gold rises above $1,600/oz as debt fears simmer

http://news.yahoo.com/gold-hits-record-high-u-europe-debt-worries-024051938.html

Fear on Europe and U.S. debt., If resolved in next 2 weeks, gold could drop.

European debt fears hit markets after stress tests

http://finance.yahoo.com/news/European-debt-fears-hit-apf-245615685.html?x=0

Fear on Europe and U.S. debt., If resolved in next 2 weeks, gold could drop.

Debt worries hang over the stock market

http://finance.yahoo.com/news/Debt-worries-hang-over-the-apf-2508666655.html?x=0

Fear on Europe and U.S. debt., If resolved in next 2 weeks, stock market up.

President to name consumer protection bureau head

http://finance.yahoo.com/news/President-to-name-consumer-apf-1241666454.html?x=0

Liberal progressive, past anti business track record.

China boosts holdings of US Treasury securities

http://finance.yahoo.com/news/China-boosts-holdings-of-US-apf-771032090.html?x=0

By buying US Treasury Securities China shows it believes in the US economy long term.

Economy Report: 14, July 2011

Who Will Suffer if There's No Debt-Ceiling Deal

http://finance.yahoo.com/news/Who-Will-Suffer-if-Theres-No-usnews-1162833064.html?x=0

Best article every on what will happen. The one thing it does not say is Obama decides who gets money and who does not.

Bernanke: Default on debt would increase deficit

http://finance.yahoo.com/news/Bernanke-Default-on-debt-apf-3106129619.html?x=0

Spin, Bernanke also came out today and said a QE3 would probably not be efficient, total 180 degrees from what he said yesterday.

Oil falls 3 percent on Bernanke comments

http://finance.yahoo.com/news/Oil-falls-3-percent-on-apf-889922633.html?x=0

There is plenty of oil, no shortage.

Obama vs. Cantor: Tempers flare as debt ceiling negotiations take a dramatic turn

http://news.yahoo.com/obama-vs-cantor-tempers-flare-debt-ceiling-negotiations-132033325.html

let’s hope the republicans have the brass to hold out and stop the spending.

Dayton: Will concede to GOP to end Minn. shutdown

http://news.yahoo.com/dayton-concede-gop-end-minn-shutdown-154004270.html

40 states moving to stop the spending. Minnesota Is one of these states.

P.M. Kitco Metals Roundup: Comex Gold Hits Another Record High amid European, U.S. Debt Concerns

http://www.kitco.com/reports/KitcoNews20110714JW_PM2.html

Mainly uncertainty, as soon as there is certainty, gold will drop.

Mixed data show economy growing at weak pace

http://finance.yahoo.com/news/Mixed-data-show-economy-apf-3279700725.html?x=0

Private sector (70% U.S. GDP) is doing better, public sector (30% U.S. GDP) is tanking.

Moody’s Downgrade Warning Adds Pressure on U.S. Debt Deal

http://www.moneynews.com/FinanceNews/Moody-s-Downgrade-Warning-Pressure/2011/07/14/id/403526

Economy Report July 13, 2011

Comex Gold Extends Record Gains on Ideas of More U.S. Fed Easing

http://www.kitco.com/reports/KitcoNews20110713JW_upd.html

Bernanke supporting Liberal Progressives and spend more money.

Bernanke: Fed would supply more stimulus if needed

http://finance.yahoo.com/news/Bernanke-Fed-would-supply-apf-1990658503.html?x=0

Full court press on Republicans to raise debt ceiling limit.

Stocks jump as Bernanke opens door to new stimulus

http://finance.yahoo.com/news/Stocks-jump-as-Bernanke-opens-apf-3218054101.html?x=0

Dollar down (redistribution of wealth from private businesses to everyone else), stock market up, gold up, oil up.

Debt talks grind on, clock ticks toward default

http://finance.yahoo.com/news/Debt-talks-grind-on-clock-apf-3085512130.html?x=0

Do the Republicans have the brass to hold out and stop the spending.

Oil up as supplies drop, Bernanke talks stimulus

http://finance.yahoo.com/news/Oil-up-as-supplies-drop-apf-1034345387.html?x=0

Supplies still high, this is all about weakening the dollar.

Italy to bolster austerity plan, speed up approval

http://finance.yahoo.com/news/Italy-to-bolster-austerity-apf-3231624548.html?x=0

Europe stabilizing, weakening the dollar will help Europe, hurt U.S..

California's newest job killer

http://visiontoamerica.org/2253/californias-newest-job-killer/
The job-killing internet sales tax law just signed by Governor Jerry Brown will only accelerate the decline of our most populous state.
Consider the facts.  Already, on the recent ranking of states on the basis of their tax climates done by the Tax Foundation, California is almost at the bottom at #49.  On the ranking of states for economic freedom done by the Mercatus Center, it stands at a risible #48.
Moreover, as business relocation consultant Joe Vranich reports, California has seen a rapidly increasing business flight.  California was averaging one “disinvestment event” (read: a business either relocating an existing facility to or deciding to open a new facility in another state) per week in 2009.  Last year it jumped to an average of 3.9 disinvestment events a week.  So far this year, this benighted state has seen that average soar to 5.4 a week.

Read more: California’s Newest Job-Killer | Vision to America http://visiontoamerica.org/2253/californias-newest-job-killer/#ixzz1Rojfq88E

Economy Report: July 12, 2011

American Sauce: Maybe the economy's not so bad?

http://politicalticker.blogs.cnn.com/2011/07/11/american-sauce-maybe-the-economys-not-so-bad-2/?hpt=hp_c2

More people are seeing progress in the U.S. private sector (70% U.S. GDP).

The GOP's hardliner: How Eric Cantor thwarted the Obama-Boehner debt deal

http://news.yahoo.com/gops-hardliner-eric-cantor-thwarted-obama-boehner-debt-081407212.html

Big time liberal progressive spin.

Pakistan's ex-president criticizes loss of US aid

http://news.yahoo.com/pakistans-ex-president-criticizes-loss-us-aid-011124876.html

About time.

Afghan president's brother assassinated

http://news.yahoo.com/younger-brother-afghan-president-killed-074921005.html

Need to put pressure on corrupt governments to change.

Iran offers IAEA cooperation, but sets condition

http://news.yahoo.com/iran-offers-iaea-cooperation-sets-condition-100702331.html

Delay, Delay, Delay.

Envoys say Gadhafi ready to go, says French FM

http://news.yahoo.com/envoys-gadhafi-ready-says-french-fm-090455005.html

I will believe it when I see it.

European markets shaken by fears for Italy, Spain

http://news.yahoo.com/european-markets-shaken-fears-italy-spain-090103012.html

Euro in trouble. Dollar goes up.

Oil imports drove May trade deficit to $50.2B

http://finance.yahoo.com/news/Oil-imports-drove-May-trade-apf-3957999364.html?x=0

More debt because we have to rely on foreign oil. We need to drill more in the U.S.

USDA: Corn supplies jump, easing shortage worries

http://finance.yahoo.com/news/USDA-Corn-supplies-jump-apf-4141322331.html?x=0

Stop ethanol farm subsidies. They are causing a world food shortage and it takes 1 gallon of oil to make 1 gallon of ethanol (Joke).

Central bank says China's debt `controllable'

http://finance.yahoo.com/news/Central-bank-says-Chinas-debt-apf-4260902758.html?x=0

Spin, there debt is worse than the U.S. debt.

Economy Report July 11, 2011

The next big hit to the economy?

http://news.yahoo.com/blogs/lookout/next-big-hit-economy-133429498.html

Spin, taking 37 billion from tax paying people to give to extended unemployed is a net 0 impact, also 50% unemployed will not go back to work until there unemployment runs out.

Oil drops below $95 per barrel

http://finance.yahoo.com/news/Oil-drops-below-95-per-apf-3522845891.html?x=0

Artificially being held up.

Debt limit deal eludes Obama, leading Hill figures

http://finance.yahoo.com/news/Debt-limit-deal-eludes-Obama-apf-2646562750.html?x=0

Let’s just hope republicans hold out and stop the government from spending.

Eurozone seeks to stop Greek spillover

http://finance.yahoo.com/news/Eurozone-seeks-to-stop-Greek-apf-3969079851.html?x=0

Will be dealing with debt problems for 2 to 3 years, needs U.S. economy to kick into high gear to get out of debt problems.

Stocks open sharply lower on global economy fears

http://finance.yahoo.com/news/Stocks-open-sharply-lower-on-apf-3537054013.html?x=0

70% of U.S. economy (private) is doing better, rest of the world doing worse.

Taxes still a stumbling block in debt talks

http://news.yahoo.com/obama-lawmakers-meet-75-minutes-debt-impasse-004339197.html

spin

Economy Repot for July 8, 2011

Comex Gold Pushes to Daily High Following Very Disappointing U.S. Jobs Report

http://www.kitco.com/reports/KitcoNews20110708JW_update.html

They do not differentiate between public job losses and private job losses.

Obama: ‘We still have a long way to go’ on jobs

http://news.yahoo.com/blogs/lookout/obama-still-long-way-jobs-151952202.html

Political spin.

June Jobs Report: the Ugly, the Ugly and the Ugly

http://finance.yahoo.com/blogs/daniel-gross/june-jobs-report-ugly-ugly-ugly-132111747.html

They do not differentiate between public job losses and private job losses.

Obama: Uncertainty over debt limit impacts hiring

http://finance.yahoo.com/news/Obama-Uncertainty-over-debt-apf-2489239702.html?x=0

Blame someone else, never take responsibility, total misdirection.

Oil falls over 2 percent on weak US jobs report

http://finance.yahoo.com/news/Oil-falls-over-2-percent-on-apf-1124282111.html?x=0

They do not differentiate between public job losses and private job losses.

Stocks dive after dismal June jobs report

http://finance.yahoo.com/news/Stocks-dive-after-dismal-June-apf-2073081885.html?x=0

They do not differentiate between public job losses and private job losses.

Unemployment rose to 9.2 percent as hiring stalls

http://finance.yahoo.com/news/Unemployment-rose-to-92-apf-2094293163.html?x=0

They do not differentiate between public job losses and private job losses.

Obama: Still differences on debt, new talks Sunday

http://finance.yahoo.com/news/Obama-Still-differences-on-apf-2057926220.html?x=0

Blame someone else, never take responsibility, total misdirection.

Wholesale inventories up in May but sales decline

http://finance.yahoo.com/news/Wholesale-inventories-up-in-apf-545166942.html?x=0

They do not differentiate between public job losses and private job losses.

Afghanistan’s Helmand Holds Rare Earths, Official Says

worth 1 trillion Dollars

Rare Earth Metals located in three areas of the world, China, Afghanistan and California/Nevada border (closed down by environmentalist for 30 years, Fed forced them to reopen).

http://www.businessweek.com/news/2010-10-26/afghanistan-s-helmand-holds-rare-earths-official-says.html

Economy Report for July 7, 2011

Family fights government over rare ‘Double Eagle’ gold coins

Important!

http://news.yahoo.com/blogs/lookout/family-fights-government-over-rare-double-eagle-gold-151853030.html

Jobs reports push US stocks higher at the open

Private sector hiring.

http://finance.yahoo.com/news/Jobs-reports-push-US-stocks-apf-4290001233.html?x=0

Fewer people sought unemployment aid last week

Private sector improving.

http://finance.yahoo.com/news/Fewer-people-sought-apf-4123711853.html?x=0

Retailers post strong June sales

Private sector improving.

http://finance.yahoo.com/news/Retailers-post-strong-June-apf-2615027107.html?x=0

Rate on 30-year fixed mortgage rises to 4.60 pct.

More indicators that interest rates will go up.

http://finance.yahoo.com/news/Rate-on-30year-fixed-mortgage-apf-3786697233.html?x=0

Lawmakers visit White House for budget talks

50/50 chance Republicans will stop the spending and not raise the debt ceiling limit.

http://finance.yahoo.com/news/Lawmakers-visit-White-House-apf-2721372732.html?x=0

Obama puts Medicare, Social Security cuts on the table

Spin.

http://news.yahoo.com/obama-puts-medicare-social-security-cuts-table-031442907.html

Obama, Boehner discussed broad deficit deal: aide

Spin.

http://news.yahoo.com/obama-boehner-discussed-broad-deficit-deal-aide-115345389.html

Oil prices rise on positive employment reports

Spin, oil went down temporarily because Obama released oil reserves, designed for an emergency, for political gain by lowering prices for the 4^th of July.

http://finance.yahoo.com/news/Oil-prices-rise-on-positive-apf-2832043271.html?x=0

US service sector grew in June, but at slower pace

US service sector grew for 19th straight month in June, but at slower pace than previous month

http://finance.yahoo.com/news/US-service-sector-grew-in-apf-1408723572.html?x=0

Ailing Portugal reels from credit downgrade

http://finance.yahoo.com/news/Ailing-Portugal-reels-from-apf-1964765375.html?x=0

China Economy slowing down, maybe looking at hard crash.

 China raises interest rates amid inflation flight
http://finance.yahoo.com/news/China-raises-interest-rates-apf-908746247.html?x=0

IMF is for Europe, not the US or the rest of the world.

Lagarde pledges to diversify IMF after sex scandal

http://finance.yahoo.com/news/Lagarde-pledges-to-diversify-apf-1873809020.html?x=0

Spin

Obama cites progress in deficit reduction talks

http://finance.yahoo.com/news/Obama-cites-progress-in-apf-3138547664.html?x=0

Europe will be dealing with 7 broke countries for the next 2 or 3 years

European banks meeting on second Greek bailout

http://finance.yahoo.com/news/European-banks-meeting-on-apf-4066239163.html?x=0

Short Term Rally.

Comex Gold Rallies on Bargain Hunting, Safe-Haven Demand
http://www.kitco.com/reports/KitcoNews20110706JW_update.html

Dodd-Frank Section 742 Leaves Clear That Spot Precious Metals Is Now A Business Just For Exchanges

http://www.forexstreet.net/profiles/blogs/doddfrank-section-742-leaves

More cracks in Chinese Economy

Moody's warns over Chinas bad debt

http://www.bbc.co.uk/news/business-14024999

Precious metals trending down long term

Tuesday's Analytical Charts for Gold, Silver and Platinum and Palladium
http://www.kitco.com/reports/template_jimw.htm

40 states moving toward balancing budget, 10 states going broke

5 Tax freindly States for Retirees

http://finance.yahoo.com/retirement/article/113021/5-tax-friendly-states-retirees-kiplingers

Agenda written article to try and generate pressure on Republicans to raise debt ceiling limit

Debt Limit deal not out of reach

http://news.yahoo.com/analysis-debt-deal-not-far-reach-050609211.html

More Capital for Private Business

GOP uses budget, other tools to sap financial law
GOP using budget nomination fights to nibble away at Obamas financial overhaul law

http://finance.yahoo.com/news/GOP-uses-budget-other-tools-apf-2446685128.html?x=0

More Growth in Private Buisinesses

Companies ordered more factory goods in May
Businesses ordered more airplanes, autos and other factory goods, as supply disruptions fade


http://finance.yahoo.com/news/Companies-ordered-more-apf-1244802973.html?x=0