Economy News for Thurs 21 Jun 2012

[Cheryl Nelson]

Welcome To Doomsday, Warns Wall Street Seer

http://www.smh.com.au/business/welcome-to-doomsday-warns-wall-street--seer-20120619-20ljj.html

Why Doesn't The Stock Market Reflect The Imminent Global Depression?

http://www.businessinsider.com/steven-strauss-were-heading-for-another-depression-so-why-is-the-stock-market-trading-like-everythings-fine-2012-6

Why Gas Prices Are Headed Below $3

http://finance.yahoo.com/video/cnbc-29093777/why-gas-prices-are-headed-below-3-29752262.html;_ylt=Aph.U6q.7Nou6ix2pVRGYa.iuYdG;_ylu=X3oDMTIzcHNjN3FvBG1pdANDTkJDIFRvcCBTdG9yaWVzBHBrZwMyOTc1MjI2MgRwb3MDMgRzZWMDTWVkaWFCTGlzdE1peGVkTFBDQVRlbXA-;_ylg=X3oDMTFpNzk0NjhtBGludGwDdXMEbGFuZwNlbi11cwRwc3RhaWQDBHBzdGNhdANob21lBHB0A3NlY3Rpb25z;_ylv=3

Housing Continues Its Steady Rise

http://finance.yahoo.com/blogs/daniel-gross/housing-continues-steady-rise-170607067.html;_ylt=AmlMI7saYhvpct6V2jDeRqqiuYdG;_ylu=X3oDMTRwMWRnaW82BG1pdANGaW5hbmNlIEZQIFRvcCBTdG9yaWVzIG1peGVkIGxpc3QEcGtnA2Q2M2YzN2U3LWUyZjItMzg2Ni1iYTFiLTA2YzVhNzRjZDMzYgRwb3MDMwRzZWMDTWVkaWFCTGlzdE1peGVkTFBDQVRlbXAEdmVyAzY1OWMxNDUwLWJiYzMtMTFlMS1iN2ViLTAwZDExMzBjOGY2NQ--;_ylg=X3oDMTFpNzk0NjhtBGludGwDdXMEbGFuZwNlbi11cwRwc3RhaWQDBHBzdGNhdANob21lBHB0A3NlY3Rpb25z;_ylv=3

"Fiscal Dip" May Make Europe Look Like A Dip

http://finance.yahoo.com/news/fiscal-cliff-may-europe-look-154128079.html;_ylt=AlrmndwHdmcCwytG53F9C6OiuYdG;_ylu=X3oDMTQ2ZGQ4dXVpBG1pdANDTkJDIEZlYXR1cmUgMQRwa2cDMDVkMzc3MmYtOTYzMi0zZjMzLWIyZDgtMTEyN2NhMDM5NTRjBHBvcwM1BHNlYwNNZWRpYUJMaXN0TWl4ZWRMUENBVGVtcAR2ZXIDY2QzY2Y5MDAtYmJiNy0xMWUxLThkMTctZjc2MjIwYjliNGNk;_ylg=X3oDMTFpNzk0NjhtBGludGwDdXMEbGFuZwNlbi11cwRwc3RhaWQDBHBzdGNhdANob21lBHB0A3NlY3Rpb25z;_ylv=3

Jim Rogers:  Bailouts Can't Save Europe, Failures Must Go Bankrupt

http://finance.yahoo.com/blogs/breakout/bailouts-t-save-europe-failures-must-bankrupt-jim-163412448.html;_ylt=AsrlvqfTsLL1b_zx8f3iFymiuYdG;_ylu=X3oDMTQwMm84MjJtBG1pdANGUCBCcmVha291dARwa2cDMGQ5MWVkNmYtZmY3OS0zYWJiLWFhZWUtMWZkNmEyZWYwZmNhBHBvcwMyBHNlYwNNZWRpYVNlY3Rpb25MaXN0VGVtcAR2ZXIDZjEzOTI1MjAtYmJiZS0xMWUxLWJiZmQtMDI5Y2I4NTZlNjQz;_ylg=X3oDMTFpNzk0NjhtBGludGwDdXMEbGFuZwNlbi11cwRwc3RhaWQDBHBzdGNhdANob21lBHB0A3NlY3Rpb25z;_ylv=3

Moody's Cuts Ratings Of 15 Major Banks, Morgan Stanley Down Two Notches

http://news.yahoo.com/moodys-downgrades-15-major-global-banks-214546741--sector.html

Wall Street Suffers Worst Loss In Three Weeks

http://finance.yahoo.com/news/stock-index-futures-point-lower-072841401.html;_ylt=AheEPSGdNIkyHSEjj4GxPhmiuYdG;_ylu=X3oDMTNyNTR1bnUyBG1pdANGUCBUb3AgU3RvcnkgTGVmdARwa2cDNzc0OTY3YTctOTlmOS0zNzJiLTk4YjEtOTZhYjA5NDZmMTYxBHBvcwMxBHNlYwN0b3Bfc3RvcnkEdmVyAzk5ZmI5YzgwLWJiZjktMTFlMS05NWJkLTlhMzRiYmI1NjYxNw--;_ylg=X3oDMTFpNzk0NjhtBGludGwDdXMEbGFuZwNlbi11cwRwc3RhaWQDBHBzdGNhdANob21lBHB0A3NlY3Rpb25z;_ylv=3

US Economy, Market Now Facing A Monetary Cliff

http://finance.yahoo.com/blogs/breakout/quit-teasing-easing-why-qe3-coming-q1-165332532.html;_ylt=Alo6OTVw3Bm66d1Ibag7B5GiuYdG;_ylu=X3oDMTNyazByZ2NiBG1pdANGUCBUb3AgU3RvcnkgTGVmdARwa2cDMGZiNzMwODQtN2JmYy0zOWFmLWFiMjgtMDY3MmI3NGQ3Njk3BHBvcwMzBHNlYwN0b3Bfc3RvcnkEdmVyA2Y2Yzc5ZjgwLWJiYzMtMTFlMS1iZmZkLTAwZmNkMGVhODYyMQ--;_ylg=X3oDMTFpNzk0NjhtBGludGwDdXMEbGFuZwNlbi11cwRwc3RhaWQDBHBzdGNhdANob21lBHB0A3NlY3Rpb25z;_ylv=3