Economy News for Thurs 31 May 2012

[Cheryl Nelson]

Spain Faces "Total Emergency" As Fear Grips Markets

http://www.telegraph.co.uk/finance/financialcrisis/9301270/Spain-faces-total-emergency-as-fear-grips-markets.html

Another Housing Collapse Is Coming Soon

http://www.businessinsider.com/another-housing-collapse-is-coming-soon-2012-5

Many Unemployed Facing Early End To Benefits

www.usatoday.com/money/economy/story/2012-05-28/unemployment-benefits/55250548/1?loc=interstitialskip

The Second Act Of The JPM CIO Fiasco Has Arrived -- Mismarking Hundreds Of Billions In Credit Default Swaps

http://www.zerohedge.com/news/second-act-jpm-cio-fiasco-has-arrived-mismarking-hundreds-billions-default-swaps

The Truth About Europe:  There Is No Solution

http://www.marketoracle.co.uk/Article34918.html

What's Next For Gold And Silver?

http://finance.yahoo.com/news/next-gold-silver-075405254.html;_ylt=AmDixLbg3MSuo55u9DwVCIqiuYdG;_ylu=X3oDMTQxaW4zMjl0BG1pdANOZXdzIFRvcGljIDIEcGtnA2UyZDEzYmZmLWJlZDMtMzAzZi04YzI2LWY2Mjk3ZTQyYWI2NgRwb3MDMwRzZWMDTWVkaWFTZWN0aW9uTGlzdFRlbXAEdmVyAzY2NjAxODQwLWFiMDctMTFlMS1iZGZmLTNhYjE0NmMzMWRkZQ--;_ylg=X3oDMTFpNzk0NjhtBGludGwDdXMEbGFuZwNlbi11cwRwc3RhaWQDBHBzdGNhdANob21lBHB0A3NlY3Rpb25z;_ylv=3

Oil Set For Biggest Monthly Drop In Three Years On Debt Crisis

http://finance.yahoo.com/news/oil-set-biggest-monthly-drop-084415725.html;_ylt=AvGUXer.z5KJLvR0o6QExw.iuYdG;_ylu=X3oDMTQxbGdwZ3M2BG1pdANOZXdzIFRvcGljIDIEcGtnAzQ5ZTMzNjRlLTFmMTktM2JjNS1hOTFmLTRjNzdkMTFiZmM4MQRwb3MDMgRzZWMDTWVkaWFTZWN0aW9uTGlzdFRlbXAEdmVyA2Q4ZGNkNDkwLWFiMDYtMTFlMS1iZGVjLTJhYWIyZGU2NzY2NQ--;_ylg=X3oDMTFpNzk0NjhtBGludGwDdXMEbGFuZwNlbi11cwRwc3RhaWQDBHBzdGNhdANob21lBHB0A3NlY3Rpb25z;_ylv=3

Wall Street Closes Dire Month With A Whimper

http://finance.yahoo.com/news/wall-street-closes-dire-month-020837685.html;_ylt=AhHIN_Ppq0s6ykXmkVvxB6yiuYdG;_ylu=X3oDMTQzdmJpNnV0BG1pdANGaW5hbmNlIEZQIEp1bWJvdHJvbiBMaXRlBHBrZwM5NTI3YjgxNi1hYTU5LTNhZGMtYWM2My1mMjA4ZTM3YzNlZTYEcG9zAzEEc2VjA2p1bWJvdHJvbgR2ZXIDZWFiYjNhNzAtYWI4ZS0xMWUxLTlhZWItZmFjOGY1NmRmODAx;_ylg=X3oDMTFpNzk0NjhtBGludGwDdXMEbGFuZwNlbi11cwRwc3RhaWQDBHBzdGNhdANob21lBHB0A3NlY3Rpb25z;_ylv=3

Jobs Data Points To Recovery Losing Momentum

http://finance.yahoo.com/news/jobless-claims-rise-4th-straight-123426528.html;_ylt=Ajat3llOqjjZrRM7ZvulOhSiuYdG;_ylu=X3oDMTNycTJoNHFyBG1pdANGUCBUb3AgU3RvcnkgTGVmdARwa2cDMzJhNjFlMTEtNGViNC0zNjhkLTk3MGEtYjdjYzcwNDljN2E5BHBvcwMxBHNlYwN0b3Bfc3RvcnkEdmVyAzU0NjQzNzEwLWFiNzYtMTFlMS04YTZkLWQ3M2VjYmIwZGJjYw--;_ylg=X3oDMTFpNzk0NjhtBGludGwDdXMEbGFuZwNlbi11cwRwc3RhaWQDBHBzdGNhdANob21lBHB0A3NlY3Rpb25z;_ylv=3

Gold Poised For Worst Monthly Run In 13 Years On European Crisis

http://finance.yahoo.com/news/gold-poised-worst-monthly-run-023613332.html;_ylt=Ass592P4fSalh6kkAbTnDBOiuYdG;_ylu=X3oDMTQ0ZmI5N3A2BG1pdANGaW5hbmNlIEZQIFRvcCBTdG9yeSBSaWdodARwa2cDZTkzNzVhOWYtYjQ1My0zMjJjLWI3NmUtMzEyMTA1YzMwNjNkBHBvcwM4BHNlYwN0b3Bfc3RvcnkEdmVyA2Q5MGU0NGQwLWFiMDYtMTFlMS1iZmJiLWM0ZTNkZjMxM2FmYg--;_ylg=X3oDMTFpNzk0NjhtBGludGwDdXMEbGFuZwNlbi11cwRwc3RhaWQDBHBzdGNhdANob21lBHB0A3NlY3Rpb25z;_ylv=3