Economy News for Fri 27 May 2011

Gas Tanks Are Draining Family Budgets
http://finance.yahoo.com/news/Gas-tanks-are-draining-family-apf-1869403252.html?x=0

Rising Consumer Confidence Lifts Stocks
http://finance.yahoo.com/news/Rising-consumer-confidence-apf-1675001439.html?x=0

April Consumer Spending Shows Weak Gain
http://finance.yahoo.com/news/April-consumer-spending-shows-apf-1594501929.html?x=0

Contracts To Buy Homes Falls To 7-Month Low
http://finance.yahoo.com/news/Contracts-to-buy-homes-fall-apf-4207139965.html?x=0

Gas Prices Dip Before Holiday, But Above A Year Ago
http://finance.yahoo.com/news/Gas-prices-dip-before-holiday-apf-4180931637.html?x=0

Global Economic Rebound Weakens On Quake, Oil Price, European Debt Crisis
http://www.bloomberg.com/news/2011-05-27/global-economic-rebound-weakens-on-quake-oil-price-european-debt-crisis.html

US Consumers In Spending Retreat
http://www.telegraph.co.uk/finance/economics/8539751/US-consumers-in-spending-retreat.html

20 Questions To Ask Anyone Foolish Enough To Believe The Economic Crisis Is Over
http://theeconomiccollapseblog.com/archives/20-questions-to-ask-anyone-foolish-enough-to-believe-the-economic-crisis-is-over

Second Biggest Weekly Drop Ever In Treasurys Held In The Fed's Custodial Account As Foreigners Dump
http://www.zerohedge.com/article/second-biggest-weekly-drop-ever-treasurys-held-feds-custodial-account-foreigners-dump

Why Gold Is Going Higher
http://www.caseyresearch.com/editorial.php?page=articles/why-gold-going-higher&ppref=CRX207ED0511A

Housing Apocalypse Tomorrow -- 675,000 Homes In Foreclosure Have Made No Payment In Over 2 Years
http://www.doctorhousingbubble.com/housing-apocalypse-tomorrow-675000-homes-in-foreclosure-no-payment-in-over-two-years/

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Replies

  • Me too.
  • The article should say gas tanks are destroying family budgets.  A lot of people, including myself, have been not driving as much and trying to limit or consolidate errands.

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