Economy News for Wed 29 Aug 2012

[Cheryl Nelson]

Into The Meat Grinder:  A "Market Meltdown The Likes Of Which We've Never Seen Is Upon Us"

http://www.shtfplan.com/charlie-mcgrath/into-the-meat-grinder-a-major-market-meltdown-the-likes-of-which-weve-never-seen-is-upon-us_08282012

Illinois Debt Cut By S&P After No Action On Pension Funding

http://www.bloomberg.com/news/2012-08-29/illinois-debt-cut-by-s-p-after-lack-of-action-on-pension-funding.html

Gasoline Rising To Holiday High As Storm Surge Presses Obama

http://www.bloomberg.com/news/2012-08-28/gasoline-rising-to-holiday-record-as-storm-surge-pressures-obama.html

Consumer Confidence In U.S. Declines Most Since October

http://www.bloomberg.com/news/2012-08-28/consumer-confidence-in-u-s-declines-by-most-since-october.html

The Three Frontrunners For Fed Chairman In Romney Administration (Hint:  It's not Ben)

http://www.washingtonpost.com/blogs/ezra-klein/wp/2012/08/28/the-three-frontrunners-for-fed-chairman-in-a-romney-administration/

Wall Street Up After Housing Data; Volume Lowest Of Year

http://finance.yahoo.com/news/wall-street-ends-flat-volume-002901377.html;_ylt=AjBYKSuLB13wpQm7iHXqajuiuYdG;_ylu=X3oDMTQzYXZlYmw5BG1pdANGaW5hbmNlIEZQIEp1bWJvdHJvbiBMaXRlBHBrZwMwYzg4MGU0ZC1kMjBkLTNmMzktYjBkYS1mMDcxOTMwN2ZhZDYEcG9zAzEEc2VjA2p1bWJvdHJvbgR2ZXIDZjkzYWQ3NDAtZjIxYS0xMWUxLWI3ZmYtM2U2ZjI4MTMyMWMz;_ylg=X3oDMTFpNzk0NjhtBGludGwDdXMEbGFuZwNlbi11cwRwc3RhaWQDBHBzdGNhdANob21lBHB0A3NlY3Rpb25z;_ylv=3

2Q Growth Revised Up, Fed Still Seen In Play

http://finance.yahoo.com/news/second-quarter-growth-revised-1-123133750.html;_ylt=AhUQlWRof8HTCTc.qDrB5dCiuYdG;_ylu=X3oDMTNyaDl1bmFlBG1pdANGUCBUb3AgU3RvcnkgTGVmdARwa2cDMDhmOTczMmEtYmI5Zi0zNzhjLWExYTktODUwMzdkNGYzNmZmBHBvcwMxBHNlYwN0b3Bfc3RvcnkEdmVyA2FiZGQ2ZmIwLWYyMzUtMTFlMS1iZjFmLWRlYzg5NzZlNGI0NA--;_ylg=X3oDMTFpNzk0NjhtBGludGwDdXMEbGFuZwNlbi11cwRwc3RhaWQDBHBzdGNhdANob21lBHB0A3NlY3Rpb25z;_ylv=3

[Cheryl Nelson]

I saw a headline that those in the path of Isaac were being gouged at the pumps, too.

[pat staley]

There is gas price gouging here.379 where I usually fill up. Everywhere else it is 355 to 359. Hindus or Indians run it. Go figure.lol