Monday, August 29, 2011

Economy Report - August 29, 2011: Paul Buzby - Rare Coin Wholesalers

Irene: Wet, deadly and expensive, but no monster
Crises mongering by the media for the government. There is opportunity in crises.

Oil rises on stronger consumer spending
Spin. This is a spike to take advantage of holiday weekend.

Consumer spending rebounds, rose 0.8 pct. in July
Back to school spending. Temporary.

Contracts to buy homes fell 1.3 percent in July
Public employees (Fed, State, Country and City) being fired. One more round of foreclosures.

Obama to tap Krueger for economic post
Bringing in another elitist Princeton professor who has been in academia for the last 20 years.

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