Tuesday, July 12, 2011

Economy Report July 11, 2011

The next big hit to the economy?
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
Artificially being held up.

Debt limit deal eludes Obama, leading Hill figures
Let’s just hope republicans hold out and stop the government from spending.

Eurozone seeks to stop Greek spillover
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
70% of U.S. economy (private) is doing better, rest of the world doing worse.

Taxes still a stumbling block in debt talks

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