Economy Report: August 1, 2011

Debt Deal Done: What Does It Mean?

http://finance.yahoo.com/blogs/daniel-gross/debt-deal-done-does-mean-063125258.html

Marginal deal for average U.S. Citizen. Great deal for foreign emerging markets.

Responses to debt deal range from angry to angrier

http://news.yahoo.com/responses-debt-deal-range-angry-angrier-023415505.html

There should be more anger.

Dow stumbles on weak manufacturing report

http://news.yahoo.com/dow-stumbles-weak-manufacturing-report-141402614.html

Temporary.

China blames Pakistan-trained militants for attack

http://news.yahoo.com/china-blames-pakistan-trained-militants-attack-052800926.html

More problems for China.

HSBC to cut 30,000 jobs in global overhaul

http://finance.yahoo.com/news/HSBC-to-cut-30000-jobs-in-apf-876858475.html?x=0

Foreign banks moving away from dollar.