Economy News for Mon 16 Aug 2010

[Cheryl Nelson]

Martin Weiss: $5,657,492 To Create ONE Job! Has Washington Lost Its Mind?!? http://www.moneyandmarkets.com/5657492-to-create-a-single-job-has-washington-lost-its-mind-39895 Central Bankers Stoking The Inflation Fires Whilst Academic Economists Worry About Deflation http://www.marketoracle.co.uk/Article21899.html Homebuilder Confidence Sinks For 3rd Month http://finance.yahoo.com/news/Homebuilder-confidence-sinks-apf-2415930954.html?x=0 China Reduces US Debt Holdings In June http://finance.yahoo.com/news/China-reduces-holdings-of-apf-290032879.html?x=0 Stocks Reverse Course, Rise Modestly http://finance.yahoo.com/news/Stocks-reverse-course-rise-apf-4221214888.html?x=0 Pump Prices Fall As Crude Oil Declines http://finance.yahoo.com/news/Pump-prices-fall-as-crude-oil-apf-2156781562.html?x=0 Jobless Millions Signal Death Of The American Dream For Many http://www.guardian.co.uk/world/2010/aug/15/jobless-millions-death-american-dream Economic Growth Prospects Dim In US After Retail, Trade Reports http://www.bloomberg.com/news/2010-08-14/economic-growth-prospects-dim-in-u-s-after-retail-sales-trade-reports.html US Cities Face Up To Massive Cuts http://www.guardian.co.uk/business/2010/aug/13/us-cities-massive-publc-services-cuts Wheat Is New US Gold http://www.independent.co.uk/news/world/americas/wheat-is-the-new-gold-in-time-of-plenty-for-americarsquos-breadbasket-2052326.html "Hindenberg Omen" And Imminent Market Crisis http://www.telegraph.co.uk/finance/markets/7944824/Hindenburg-Omen-foreshadows-imminent-FTSE-crisis-warns-BGCs-David-Buik.html Savings Accounts Will Become Obsolete If Inflation Rises Next Week http://www.telegraph.co.uk/finance/personalfinance/7943096/Savings-accounts-will-become-obsolete.html Greek Economy Deeper In Recession Than Forecast http://www.guardian.co.uk/world/2010/aug/12/greece-recession-gdp-unemployment