Economy News for Tues 12 Jul 2011

[Cheryl Nelson]

Markets May Turn Turbulent Waiting For Debt Deal
http://finance.yahoo.com/news/Markets-may-turn-turbulent-apf-2831890044.html?x=0

Stocks Fall After Ireland Downgrade Erases Gains
http://finance.yahoo.com/news/Stocks-fall-after-Ireland-apf-1744042323.html?x=0

Fed Divided Over More Stimulus As Economy Weakens
http://finance.yahoo.com/news/Fed-divided-over-more-apf-2181096698.html?x=0

Motorists Driving Less, But Gas Prices Keep Rising
http://finance.yahoo.com/news/Motorists-driving-less-but-apf-3581526221.html?x=0

Economy Faces A Jolt As Benefit Checks Run Out
http://finance.yahoo.com/news/Economy-Faces-a-Jolt-as-nytimes-3470532037.html?x=0

Obama "Cannot Guarantee" Social Security Benefit Checks Will Be Paid If Debt Deal Isn't Reached
http://news.yahoo.com/blogs/ticket/obama-cannot-guarantee-benefits-checks-paid-debt-deal-183025203.html

Killer Combo Of High Gas, Food Prices Are Here
http://www.cnbc.com/id/42704213

Greece Set To Default On Massive Debt Burden
http://www.guardian.co.uk/business/2011/jul/12/greece-set-to-default-massive-debt-burden

Italy Contagion Fears Knock Global Markets
http://www.telegraph.co.uk/finance/financialcrisis/8631673/US-slows-global-stock-market-rout.html

Race To Safe Havens As Debt Crisis Deepens
http://www.guardian.co.uk/business/2011/jul/11/eurozone-crisis

Ratio Of Insider Selling To Buying On The S&P:  3,700x!
http://www.zerohedge.com/article/ratio-insider-selling-buying-3700-1

John Galta:  Total Euro Chaos Tonight
http://johngaltfla.com/wordpress/2011/07/11/total-euro-chaos-tonight/

Former Goldman Trader:  There's Huge Unforeseen Demand Coming In The Physical Gold And Silver Markets
http://www.businessinsider.com/former-goldman-sachs-trader-andrew-maguire-theres-an-unforseen-2011-7