Economy News for Wed 18 April 2012

[Cheryl Nelson]

Central Banks Favour Gold As IMF Warns Of "Collapse Of Euro" and "Full Blown Panic In Financial Markets"

http://www.zerohedge.com/news/central-banks-favour-gold-imf-warns-%E2%80%9Ccollapse-euro%E2%80%9D-and-%E2%80%9Cfull-blown-panic-financial-markets%E2%80%9D

More US Cities Set To Enter Default Danger Zone

http://www.reuters.com/article/2012/04/17/usa-defaults-outlook-idUSL1E8EN2V520120417

Did Doctor Copper Become Doctor Plopper?

http://news.goldseek.com/GoldSeek/1334675768.php

Spain Is Doomed; Why Austerity Is Destroying Europe

http://finance.yahoo.com/news/spain-doomed-why-austerity-destroying-140038591.html;_ylt=Agk5a30pPtV6xB76_K1gVuiiuYdG;_ylu=X3oDMTRiMnBncWE2BG1pdANGUCBDb21tZW50YXJ5IGFuZCBBbmFseXNpcwRwa2cDZDQwZmY4YWEtOWQ3Zi0zMjFkLTliZTItM2ZiZDNmYjQxM2E4BHBvcwM0BHNlYwNNZWRpYVNlY3Rpb25MaXN0BHZlcgMxZDg2NTJiZC04OTY1LTExZTEtYmViNi0xMWIzMDFhMTJhNGI-;_ylg=X3oDMTFvdnRqYzJoBGludGwDdXMEbGFuZwNlbi11cwRwc3RhaWQDBHBzdGNhdANob21lBHB0A3NlY3Rpb25zBHRlc3QD;_ylv=3

Wall Street Falls On Day After Big Gains

http://finance.yahoo.com/news/stock-futures-dip-strong-gains-113801344.html;_ylt=Alr8iij1ZuMpBT_UVdUz5kmiuYdG;_ylu=X3oDMTQzNW8zcWw4BG1pdANGaW5hbmNlIEZQIEp1bWJvdHJvbiBMaXRlBHBrZwNjMGQ5MTcyOC1hYmY5LTM2MzctYjY0OC1kMjNmODc1OWUzZmIEcG9zAzEEc2VjA2p1bWJvdHJvbgR2ZXIDMWM1M2IzNjAtODk5Ny0xMWUxLTliYmItZWU5M2M2NGE1ODQx;_ylg=X3oDMTFvdnRqYzJoBGludGwDdXMEbGFuZwNlbi11cwRwc3RhaWQDBHBzdGNhdANob21lBHB0A3NlY3Rpb25zBHRlc3QD;_ylv=3

Layoffs, Freezes, Retirements For US Public Sector

http://finance.yahoo.com/news/layoffs-freezes-retirements-u-public-212218463.html;_ylt=AuvaEetKcNfTCHapJ646BomiuYdG;_ylu=X3oDMTNyZTkydDM4BG1pdANGUCBUb3AgU3RvcnkgTGVmdARwa2cDZGQ3MDIwNTgtNmQxOS0zYmVlLTljYTktZjhhZmY2ZjQ3NmE4BHBvcwMxBHNlYwN0b3Bfc3RvcnkEdmVyA2QyYzg2ZjAwLTg5OWMtMTFlMS1iZmZmLWM5MDhkMDRhMTdhNg--;_ylg=X3oDMTFvdnRqYzJoBGludGwDdXMEbGFuZwNlbi11cwRwc3RhaWQDBHBzdGNhdANob21lBHB0A3NlY3Rpb25zBHRlc3QD;_ylv=3

Gold Heading To $700; Author Sees "Impending Collapse"

http://finance.yahoo.com/blogs/daily-ticker/gold-heading-700-author-sees-impending-collapse-124847501.html;_ylt=AloTMhukcQ0Ixd71mbdSTI2iuYdG;_ylu=X3oDMTQ0anFvbmxxBG1pdANGUCBUaGUgRGFpbHkgVGlja2VyBHBrZwNiOGMzNTY0NC1hYzJlLTMyMjgtYWQ1Zi0wYjdjYjU4MmZkNGMEcG9zAzIEc2VjA01lZGlhU2VjdGlvbkxpc3QEdmVyAzc4MWM2ZGEwLTg5NTUtMTFlMS1iYzdmLTUyMmRhZjAwMWY2Yw--;_ylg=X3oDMTFvdnRqYzJoBGludGwDdXMEbGFuZwNlbi11cwRwc3RhaWQDBHBzdGNhdANob21lBHB0A3NlY3Rpb25zBHRlc3QD;_ylv=3

Economists' Forecast:  Congress Won't Fix Economy

http://finance.yahoo.com/news/economists-forecast-congress-wont-fix-092000032.html;_ylt=AmsdFaPa8OLAfin8K5ROhB2iuYdG;_ylu=X3oDMTRiM2trNnAxBG1pdANGUCBDb21tZW50YXJ5IGFuZCBBbmFseXNpcwRwa2cDZjkzODJmZmMtNDNiYy0zY2M4LTlhYmUtZDkwNDJmMTczOTRjBHBvcwMyBHNlYwNNZWRpYVNlY3Rpb25MaXN0BHZlcgNkMjE2NTBmMC04OTM3LTExZTEtOWJiNi04Zjc0ZWIyNjVmOGY-;_ylg=X3oDMTFvdnRqYzJoBGludGwDdXMEbGFuZwNlbi11cwRwc3RhaWQDBHBzdGNhdANob21lBHB0A3NlY3Rpb25zBHRlc3QD;_ylv=3