Economy News for Thurs 1 Mar 2012

[Cheryl Nelson]

Bernanke Warns Lawmakers Country Is Headed For "Massive Fiscal Cliff"

http://thehill.com/blogs/on-the-money/801-economy/213351-fed-boss-warns-of-massive-fiscal-cliff

17 States Consider State Banks

http://www.infowars.com/17-states-considering-state-banks/

China Dumps $100+ Billion In US Treasuries In December Per Revised TJC Data

http://www.zerohedge.com/news/china-dumps-100-billion-usts-december-revised-tic-data-uk-now-russias-shadow-buyer

Wall Street Returns To 2008 Highs On Banks

http://finance.yahoo.com/news/stock-futures-point-steady-wall-092116604.html

Fed Officials Flag Soft Economy But Mum On Easing

http://finance.yahoo.com/news/fed-officials-flag-soft-economy-235647241.html;_ylt=Ar6NA7DNLmIaxADmLEx3TkuiuYdG;_ylu=X3oDMTQ0c3J1czEyBG1pdANGaW5hbmNlIEZQIFRvcCBTdG9yeSBSaWdodARwa2cDYzZkZTYyMGYtMTllNy0zNWU3LWFiZjktMmFhMDc3MjhhNDg4BHBvcwMyBHNlYwN0b3Bfc3RvcnkEdmVyA2QzNzI2OTUwLTYzZmEtMTFlMS1iOWZjLWI1NThhNTkwZTI1Zg--;_ylg=X3oDMTFvdnRqYzJoBGludGwDdXMEbGFuZwNlbi11cwRwc3RhaWQDBHBzdGNhdANob21lBHB0A3NlY3Rpb25zBHRlc3QD;_ylv=3

Factory Growth Cools, Spending Stagnant

http://finance.yahoo.com/news/factory-income-data-support-growth-075906195.html;_ylt=AmDI1doYqhA.Da7ntekvURaiuYdG;_ylu=X3oDMTQ0Nm5vaWc2BG1pdANGaW5hbmNlIEZQIFRvcCBTdG9yeSBSaWdodARwa2cDZWEyNzkwMmQtOTc0Mi0zNWY4LTk3OGQtZDM3ZDdkOTY4ZDg2BHBvcwMzBHNlYwN0b3Bfc3RvcnkEdmVyAzczNTQ1ZTUwLTYzZjItMTFlMS1iY2E3LTc0YmU1MjllZDU3Ng--;_ylg=X3oDMTFvdnRqYzJoBGludGwDdXMEbGFuZwNlbi11cwRwc3RhaWQDBHBzdGNhdANob21lBHB0A3NlY3Rpb25zBHRlc3QD;_ylv=3

February Auto Sales Rise To Highest Level In Four Years

http://finance.yahoo.com/news/chrysler-group-reports-auto-sales-135600590.html;_ylt=Ao.CqKOiBnzTYaFmVVADrzqiuYdG;_ylu=X3oDMTQ0NGlhb2hyBG1pdANGaW5hbmNlIEZQIFRvcCBTdG9yeSBSaWdodARwa2cDY2JmY2ZjZjYtYjZhOS0zNTM4LThkM2YtM2NmZjhlOGEzYjQ3BHBvcwM0BHNlYwN0b3Bfc3RvcnkEdmVyA2U4NWUxOTAwLTYzZWYtMTFlMS1iZmJkLTZiZDQ0ZWFmNjVlMg--;_ylg=X3oDMTFvdnRqYzJoBGludGwDdXMEbGFuZwNlbi11cwRwc3RhaWQDBHBzdGNhdANob21lBHB0A3NlY3Rpb25zBHRlc3QD;_ylv=3

Inflation Is A Tax And The Federal Reserve Is Taxing The Living Daylights Out Of Us

http://theeconomiccollapseblog.com/archives/inflation-is-a-tax-and-the-federal-reserve-is-taxing-the-living-daylights-out-of-us