Economy News for Thurs 4 Aug 2011

[Cheryl Nelson]

Wall Street Stocks Drop 2 Percent (over 500 points) On Economic Fears

http://news.yahoo.com/stock-futures-signal-lower-open-data-eyed-095737338.html

 

Dow Plunges 513, Worst Drop Since 2008

http://finance.yahoo.com/news/Dow-average-plunges-513-worst-apf-169769799.html?x=0

 

Oil Falls To Lowest Level In 6 Months

http://finance.yahoo.com/news/Oil-falls-to-lowest-level-in-apf-226256381.html?x=0

 

Retailers Report Solid Sales Gains For July

http://finance.yahoo.com/news/Retailers-report-solid-sales-apf-1048487961.html?x=0

 

Unemployment Aid Applications Tick Down To 400K

http://finance.yahoo.com/news/Unemployment-aid-applications-apf-2720679291.html?x=0

 

2 Year Treasury Yield Drops To Record Low

http://finance.yahoo.com/news/Twoyear-Treasury-yield-drops-apf-1709855006.html?x=0

 

EU Urges Bailout Changes As Stocks, Euro Tumble

http://finance.yahoo.com/news/EU-urges-bailout-changes-as-apf-4188877457.html?x=0

 

Euro Faces Meltdown In August Heat

http://www.guardian.co.uk/business/2011/aug/02/euro-faces-meltdown-in-the-august-heat

 

China Downgrades America

http://communities.canada.com/vancouversun/blogs/yourmoney/archive/2011/08/04/china-downgrades-america.aspx

 

Wall Street Warns Geithner US Dollar Starting To Lose Reserve Status

http://www.zerohedge.com/news/wall-street-warns-tim-geithner-dollar-staring-lose-its-reserve-status

 

Economy Close To Stall Speed May Signal New Recession

http://www.bloomberg.com/news/2011-08-04/economy-at-stall-speed-may-signal-descent-into-a-renewed-u-s-recession.html

[Cheryl Nelson]

Gerald Celente has been predicting civil unrest for quite some time now.  It's getting closer.

[HeartNsoul]

As more Americans simply give up looking for work, the employment-to-population ratio fell to 63.9 percent in the Bureau of Labor Statistics' latest snapshot of the U.S. labor market, a new low:

http://huff.to/p7CJdE