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.