Thursday, July 14, 2011

Economy Report: 14, July 2011

Who Will Suffer if There's No Debt-Ceiling Deal
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
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
There is plenty of oil, no shortage.

Obama vs. Cantor: Tempers flare as debt ceiling negotiations take a dramatic turn
let’s hope the republicans have the brass to hold out and stop the spending.

Dayton: Will concede to GOP to end Minn. shutdown
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
Mainly uncertainty, as soon as there is certainty, gold will drop.

Mixed data show economy growing at weak pace
Private sector (70% U.S. GDP) is doing better, public sector (30% U.S. GDP) is tanking.

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