Tuesday, August 23, 2011

Economy Report: August 23, 2011 - Paul Buzby: Rare Coin Wholesalers

New-home sales fall, 2011 could be worst year yet
More foreclosures from public employees (Fed, State, County and City) pushing home prices down again.

APNewsBreak: Iran shows UN advanced nuke equipment
Shows UN what Iran wants the UN to see.

World stock markets rise amid hopes for Fed move
Hoping the Fed will devalue the U.S. dollar more with a QE3. Take buying power away from U.S. citizens and transfer it to foreign citizens.

S&P chief resigns; hedge fund seeks parent split
Major pressure being brought by U.S. government (Obama) against S&P for down grading the U.S.

FDIC: Number of problem banks fell to 865 in Q2
We are running out of banks to fail.

Stocks rise for second day; Exxon leads Dow
Dollar down, oil and stock market up.

Oil trades near $85 on mixed economic news
Dollar down, oil and stock market up.

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