Economy News for Wed 9 May 2012

[Cheryl Nelson]

Analyst:  US Still Headed For Recession

http://finance.yahoo.com/blogs/daily-ticker/ecri-lakshman-achuthan-no-m-not-wrong-still-145239368.html

Oil Falls To Near $97 Amid Weak US, Europe Demand

http://www.chron.com/business/article/Oil-drops-to-lowest-of-2012-3539811.php

Housing Bottom?  Fannie Mae Won't Seek Tax Dollars

http://www.businessweek.com/articles/2012-05-09/housing-bottom-fannie-mae-wont-seek-tax-dollars

Stocks Decline With Commodities, Euro On Greece Concern

http://www.bloomberg.com/news/2012-05-09/asian-stocks-fall-to-three-month-low-kiwi-declines.html

Wages Bolster Spending As Americans As Americans Extend Hours

http://www.bloomberg.com/news/2012-05-09/wage-growth-bolsters-spending-as-americans-extend-hours-economy.html

US March Wholesale Inventories Rise 0.3%, Sales Climb 0.5%

http://www.bloomberg.com/news/2012-05-09/wage-growth-bolsters-spending-as-americans-extend-hours-economy.html

Home Prices Rise In Half Of U.S. Cities As Markets Stabilize

http://www.bloomberg.com/news/2012-05-09/home-prices-rise-in-half-of-u-s-cities-as-markets-stabilize.html

S&P 500 Falls For Fifth Time In Sixth Days

http://finance.yahoo.com/news/p-500-flirts-two-month-204347788.html;_ylt=AjTNxsBYunTSOitqLrtFM1.iuYdG;_ylu=X3oDMTQzajRjaGFwBG1pdANGaW5hbmNlIEZQIEp1bWJvdHJvbiBMaXRlBHBrZwNmY2EwZWEyOC1iZjRhLTM5MDYtOWJlOS04ZDE5MzQ0NjMwOWQEcG9zAzEEc2VjA2p1bWJvdHJvbgR2ZXIDZmRmOTNhYzAtOWExNy0xMWUxLTlmNWYtOGI0MTJkYzczMDY3;_ylg=X3oDMTFpNzk0NjhtBGludGwDdXMEbGFuZwNlbi11cwRwc3RhaWQDBHBzdGNhdANob21lBHB0A3NlY3Rpb25z;_ylv=3

Investors Hedge Against Losses As Europe Fears Resurface

http://finance.yahoo.com/news/investors-hedge-against-losses-europe-202339793.html;_ylt=Aq.blyGfEjewiWoniaUK0v6iuYdG;_ylu=X3oDMTQ0bGtqcnJhBG1pdANGaW5hbmNlIEZQIFRvcCBTdG9yeSBSaWdodARwa2cDMmNhNGMwYTQtOWE0Yy0zMTg3LTgyMGQtYjE0NTUzOTNkODdkBHBvcwMyBHNlYwN0b3Bfc3RvcnkEdmVyA2U1ZjAzMTYwLTlhMTUtMTFlMS05NzkzLTM1ODhkMDc2MmFhZA--;_ylg=X3oDMTFpNzk0NjhtBGludGwDdXMEbGFuZwNlbi11cwRwc3RhaWQDBHBzdGNhdANob21lBHB0A3NlY3Rpb25z;_ylv=3