Weekend Economic News (07/01/10 - 07/03/10)

[Cheryl Nelson]

Double-Dip Recession Warning Signs Are Everywhere!  Batten Down The Hatches!
http://www.moneyandmarkets.com/double-dip-recession-warning-signs-everywhere-batten-down-the-hatches-39555?FIELD9=1

Payrolls Drop By 125K, Jobless Rate Falls
http://news.yahoo.com/s/ap/us_economy

Stocks Inch Up After Gov't Says Job Growth Slow
http://finance.yahoo.com/news/Stocks-inch-up-after-govt-apf-3280399968.html?x=0

No Bucks, No Boom For The Fourth
http://finance.yahoo.com/news/No-bucks-no-boom-for-the-apf-1136910051.html?x=0

Oil Drops Slightly After US Jobs Report
http://finance.yahoo.com/news/Oil-drops-slightly-after-US-apf-4137812394.html?x=0

New Data Shows US "Recovery" In Peril
http://www.bloomberg.com/news/2010-07-01/stock-index-futures-drop-on-signs-global-economic-recovery-may-be-stalling.html

BP Shares Soar On Takeover Talks
http://www.telegraph.co.uk/finance/newsbysector/epic/bpdot/7864500/BP-shares-soar-on-takeover-talk-as-Gulf-storm-hovers.html

Greek Austerity Rage Spills Into Athens Streets
http://www.guardian.co.uk/business/2010/jun/29/emu-greece

One Million Protest Italy Austerity Package
http://www.irishtimes.com/newspaper/world/2010/0626/1224273365966.html

Crackdown!  Is The Massive Wave Of Strategic Defaults About To Come To A Screeching Halt?
http://endoftheamericandream.com/archives/crackdown-is-the-massive-wave-of-strategic-defaults-about-to-come-to-a-screeching-halt

Gold:  Don't Get Out Before The Bankers Get In
http://www.fool.com/investing/general/2010/06/30/gold-dont-get-out-before-the-bankers-get-in.aspx

40% Of Florida Home Sales Are Foreclosures
http://www.miamiherald.com/2010/06/30/1708422/realtytrac-40-percent-of-florida.html

Fed Made Taxpayers Unwitting Junk-Bond Buyers
http://www.bloomberg.com/news/2010-07-01/fed-s-maiden-lane-made-taxpayers-junk-bond-buyers-without-congress-knowing.html

The Clock Is Running Out
http://market-ticker.denninger.net/categories/8-Editorial

Gold Miners & Explorers Face Serious Supply Problems
http://www.marketoracle.co.uk/Article20684.html

Pelosi:  Unemployment Checks Fastest Way To Create Jobs
http://www.foxnews.com/politics/2010/07/01/pelosi-unemployment-checks-best-way-create-jobs/

Market's Swoon Prompts Fear Of The Dreaded "Death Cross"
http://finance.yahoo.com/news/Markets-Swoon-Prompts-Fears-cnbc-1901455233.html?x=0

A Depressing Thought:  Deflation
http://www.foxbusiness.com/story/markets/economy/deflation-scary-albeit-unlikely-proposition/?cmpid=prn_baynote_A_Depressing_Thought:_Deflation

Pending Home Sales Plunge Record 30%
http://finance.yahoo.com/news/Pending-home-sales-plunge-rb-292307626.html?x=0&.v=3

Layoffs Climb As Housing Slump Deepens
http://www.msnbc.msn.com/id/38034014/ns/business-stocks_and_economy/

Detroit 3 See Auto Sales Drop By More Than 10%
http://www.washingtontimes.com/news/2010/jul/1/gm-sees-auto-sales-drop-almost-13/

Dollar Plunges After UN Call To Ditch Greenback
http://www.msnbc.msn.com/id/38037033/ns/us_news-environment/

Eurozone Jobless Figure At Record High
http://www.presstv.ir/detail.aspx?id=133061&sectionid=351020605

Companies Clutching Cash But Stingy With Jobs
http://blogs.forbes.com/investor/2010/07/01/companies-clutching-cash-but-stingy-with-jobs/?boxes=Homepagelighttop

Unemployment Is Here To Stay
http://www.forbes.com/2010/05/10/unemployment-jobs-united-states-opinions-columnists-reihan-salam.html?boxes=Homepagelighttop

Sultans Of Swap:  BP Collapse Potentially More Devastating Than Lehman's
http://www.marketoracle.co.uk/Article20778.html

Stock Market Breaks Neckline, Gold Trending To Below $1,200
http://www.marketoracle.co.uk/Article20762.html

Gold Imminent Reversal And Retreat, Stocks Bear Market Pattern
Developing
http://www.marketoracle.co.uk/Article20649.html

Gary North:  Congress Or Fed Too Big To Fail?
http://www.marketoracle.co.uk/Article20633.html

Increasing Risk Of Double-Dip Recession As Leading Economic Indicators
Start To Turn
http://www.marketoracle.co.uk/Article20628.html