Monday, August 15, 2011

Economy Report - August 15, 2011 -Paul Buzby

Oil rises 2 pct, following broad market rally

US home builders not optimistic in August
Public (federal, state, county and city) employees being laid off driving new round of foreclosures making a bigger glut of homes.

Germany reiterates 'no' to eurobonds
Eurobonds is a bail out of the over spending governments by the responsible governments.

US stocks rise after corporate deals, Japan report

Buffett calls for more taxes on 'mega-rich'
He is calling for more taxes on people earning 10 million or more a year. Everyone else not tax increases.

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