Economy Report: August 3, 2011 - Paul Buzby

Services firms expand at slowest pace in 17 months

http://finance.yahoo.com/news/Services-firms-expand-at-apf-2061244366.html?x=0

Instability and fear.

Factory orders dropped 0.8 percent in June

http://finance.yahoo.com/news/Factory-orders-dropped-08-apf-1491171965.html?x=0

Instability and fear.

Stocks continue to slide a day after big sell-off

http://finance.yahoo.com/news/Stocks-continue-to-slide-a-apf-1936385143.html?x=0

Instability and fear.

Italian borrowing rates touch new record

http://finance.yahoo.com/news/Italian-borrowing-rates-touch-apf-2443504721.html?x=0

Europe in deeper debt trouble than U.S.

Chinese agency downgrades US credit rating

http://news.yahoo.com/chinese-agency-downgrades-us-credit-rating-014637515.html

China trying to enter global rating market by bashing U.S.

‘Pentagon’s Worst Nightmare’

http://news.yahoo.com/pentagon-worst-nightmare-032608302.html

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