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Economy News for Thurs 11 Aug 2011

Posted by Cheryl Nelson on August 11, 2011 at 9:28pm in Economy

Dow Up 423 As Wall Street Whipsaws Again

http://finance.yahoo.com/news/Dow-up-423-as-Wall-Street-apf-1307028421.html?x=0


4-Month Low In Unemployment Claims Eases Fears

http://finance.yahoo.com/news/4month-low-in-unemployment-apf-628360863.html?x=0

 

This Time, US Fears A Financial Crisis From Abroad

http://finance.yahoo.com/news/This-time-US-fears-a-apf-518535485.html?x=0

 

Postal Service Considers Cutting 120,000 Jobs

http://finance.yahoo.com/news/Postal-Service-considers-apf-2961193547.html?x=0

 

Inflation And Deflation In A Storm

http://news.goldseek.com/GoldenJackass/1313006400.php

 

Jim Rogers:  Bernanke, Geithner Leading Us Into Fiscal Armageddon

http://www.newsmax.com/Headline/economy-rogers-financial-crisis/2011/08/09/id/406686

 

Marc Faber:  "The Best Thing The Fed Could Do For Markets Is To Collectively Resign"

http://www.zerohedge.com/news/marc-faber-best-thing-fed-could-do-markets-wold-be-collectively-resign

 

Marc Faber And Peter Schiff On The US Treasury Bond Bubble

http://www.marketoracle.co.uk/Article22212.html

 

The Next Massive Debt Bubble To Crush The Economy--Student Loans

http://www.mybudget360.com/student-loan-bubble-next-massive-debt-bubble-to-crush-the-economy-student-debt-higher-edudation-bubble-bust-crash-credit-markets/

 

The Day Of Reckoning

http://news.goldseek.com/LewRockwell/1312985100.php

 

 

 

 

 

 

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Replies

  • Tammy Fielder August 13, 2011 at 11:55pm
    What scares me most is this "SuperCongress" or "The Council of 13" for a better phrase.
  • Cheryl Nelson August 13, 2011 at 11:52pm
    Yes, and in the past two weeks $2 Trillion has been lost.
  • Tammy Fielder August 13, 2011 at 10:10pm
    I believe that people are SLOWLY waking up to the economic mess we are in on a global scale.  It won't be much longer until it collapses.  Wasn't there a post saying 08/06/2011 would be the start?  That is the day we lost 500 in the Dow.  We are losing more than we are gaining at this point. 
  • Cheryl Nelson August 13, 2011 at 10:05pm
    Me too.  I think very soon people will not be able to.
  • Tammy Fielder August 13, 2011 at 10:00pm
    According to some sources....Greece's number manipulations are what is causing their downfall.  I am glad that I have the major majority of the things I will need for my family.
  • Cheryl Nelson August 13, 2011 at 9:57pm
    We haven't crashed economically yet because of market manipulations, but all "good" things must come to pass.  It is starting to unravel.
  • Tammy Fielder August 13, 2011 at 9:29pm

    We are heading into dangerous times.  I firmly believe that history repeats itself.  Look at the state of the union prior to the 1929 stock market crash that led into the Great Depression.  Economically, similar.

    Thanks for the links!!  Great reads.

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