Wednesday, August 3, 2011

Economy Report: August 3, 2011 - Paul Buzby

Services firms expand at slowest pace in 17 months
Instability and fear.

Factory orders dropped 0.8 percent in June
Instability and fear.

Stocks continue to slide a day after big sell-off
Instability and fear.

Italian borrowing rates touch new record
Europe in deeper debt trouble than U.S.

Chinese agency downgrades US credit rating
China trying to enter global rating market by bashing U.S.

‘Pentagon’s Worst Nightmare’
Massive cuts looming for U.S. Military. Same strategy that Clinton did in the 90’s. Gutted CIA and Military leading up to 911.

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