Economy News for Tues 10 Jul 2012

[Cheryl Nelson]

US Stocks Fall On Earnings; Commodities, Euro Slump

http://www.bloomberg.com/news/2012-07-10/asian-stocks-snap-3-day-loss-on-alcoa-results-oil-falls.html

LIBOR Bomb

http://stevequayle.com/News.alert/12_Money/120610.LIBOR.bomb.html

Mish's Global Economic Trend:  Global Collapse In Auto Sales Coming Up

http://globaleconomicanalysis.blogspot.com/2012/07/anecdotal-and-hard-evidence-suggests.html

More Profit Warnings Hit Wall Street

http://finance.yahoo.com/news/stock-index-futures-point-lower-083013122.html;_ylt=AojCpsJJewkyEW61AnbhFlOiuYdG;_ylu=X3oDMTNyc3FkazY2BG1pdANGUCBUb3AgU3RvcnkgTGVmdARwa2cDOGM2NjExNDktMjgwOS0zNmE0LTk0ZDUtYWJlMDdhZTQyODY2BHBvcwMyBHNlYwN0b3Bfc3RvcnkEdmVyAzA4OTIzNTcwLWNhZDUtMTFlMS1iNGVlLWJjZGI1Mjk1YmIwNw--;_ylg=X3oDMTFpNzk0NjhtBGludGwDdXMEbGFuZwNlbi11cwRwc3RhaWQDBHBzdGNhdANob21lBHB0A3NlY3Rpb25z;_ylv=3

Why The LIBOR Scandal Matters:  Destruction Of Confidence To The Nth Degree

http://finance.yahoo.com/blogs/daily-ticker/why-libor-scandal-matters-destruction-confidence-nth-degree-144511452.html;_ylt=AgA5h7QPXRWUrftowpchVmGiuYdG;_ylu=X3oDMTQ0bWlwM2U4BG1pdANGUCBUaGUgRGFpbHkgVGlja2VyBHBrZwNlMDcwZDQwYS0xNTE0LTMzNWMtYjcyNi03YTEyZDViYmM0M2EEcG9zAzEEc2VjA01lZGlhU2VjdGlvbkxpc3QEdmVyA2RkZmUxY2MwLWNhOWQtMTFlMS1iNmZmLWFiYTU2MGE3YTVkNg--;_ylg=X3oDMTFpNzk0NjhtBGludGwDdXMEbGFuZwNlbi11cwRwc3RhaWQDBHBzdGNhdANob21lBHB0A3NlY3Rpb25z;_ylv=3

Oil Price Drops As China Slows, Norway Strike Ends

http://finance.yahoo.com/news/oil-price-drops-china-slows-195209445.html;_ylt=Ak7noSMAzs5q1oIo3HAYTLaiuYdG;_ylu=X3oDMTN0ZmdyOGNnBG1pdANOZXdzIFRvcGljIDIEcGtnA2JkNTQ0MGIzLTJmODgtM2VlZS1iYzgxLTE0MjgxNWQzZjYwZgRwb3MDMQRzZWMDTWVkaWFTZWN0aW9uTGlzdAR2ZXIDOGRjMDkxMjAtY2FlMy0xMWUxLWI3MmYtOTM3Yjc0YTMzMDcw;_ylg=X3oDMTFpNzk0NjhtBGludGwDdXMEbGFuZwNlbi11cwRwc3RhaWQDBHBzdGNhdANob21lBHB0A3NlY3Rpb25z;_ylv=3

Was Gold Manipulated Like LIBOR Rates?

http://finance.yahoo.com/news/gold-manipulated-libor-rates-111608428.html;_ylt=An_EHwzUHAXPF0xsMS8FHoGiuYdG;_ylu=X3oDMTQ2aWlwYWVtBG1pdANDTkJDIEZlYXR1cmUgMgRwa2cDMzg4YzIyMzctNTcxMy0zYWM0LThmYjktODUyYjRlODUzZDM0BHBvcwM0BHNlYwNNZWRpYUJMaXN0TWl4ZWRMUENBVGVtcAR2ZXIDZWMxM2VkZTktY2FhMS0xMWUxLWI2ZGItYTFjZWY0NjY5MzA2;_ylg=X3oDMTFpNzk0NjhtBGludGwDdXMEbGFuZwNlbi11cwRwc3RhaWQDBHBzdGNhdANob21lBHB0A3NlY3Rpb25z;_ylv=3