Financial Reform Bill Won't Stop Next Crisis

http://www.cato.org/pub_display.php?pub_id=11916

Oil Falters Despite Inventory Decline As Recovery Fears Remain

http://www.rttnews.com/Content/Commodities.aspx?Id=1348271&SM=1

UPDATE 1-Moody's puts Spain Aaa rating on review for cut

http://www.reuters.com/article/idUSN3024242220100630

Stocks Fizzle Into June's End

http://www.forbes.com/2010/06/30/private-payrolls-jobs-unemployment-ford-boeing-apple-bp-markets-economy-briefing.html?boxes=businesschannelsections

The private sector added just 13,000 U.S. jobs in June, far fewer than expected.

Hambro to Run BlackRock’s First U.S. Gold Mutual Fund

http://www.businessweek.com/news/2010-06-30/hambro-to-run-blackrock-s-first-u-s-gold-mutual-fund.html

House approves homebuyer tax credit extension

http://money.cnn.com/2010/06/29/news/economy/homebuyer_tax_credit/

How are we going to pay for this?

11 ways to graduate with less debt

http://articles.moneycentral.msn.com/CollegeAndFamily/CutCollegeCosts/11-ways-to-graduate-with-less-debt.aspx

The Next Crisis: Public Pension Funds

http://www.nytimes.com/2010/06/27/magazine/27fob-wwln-t.html?partner=rss&emc=rss

These need to be completely cut. No bailouts for unions.

Fear Returns for Quarter's Final Act

http://online.wsj.com/article/SB10001424052748704103904575336431436202148.html?mod=WSJ_hpp_LEFTTopStories

Dow Falls 268.22 to Slide Under 10000, on Pace for First Quarterly Decline Since Bull Market Began

Gold Prices Rise Slightly, Silver Falls

http://www.coinnews.net/2010/06/29/gold-prices-rise-slightly-silver-falls/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+CoinNewsnet+%28CoinNews.net%27s+Numismatic+News%29

Choppy Markets End in Stalemate

http://www.foxbusiness.com/story/markets/stocks-struggle-rebound-open/

African markets offer opportunities for the smart investor

http://www.marketwatch.com/story/opportunities-abound-in-african-markets-2010-06-28?dist=afterbell

Young population, growth rates and reforms are attractive, but risks remain

Interest rates fall again on investor pessimism

http://finance.yahoo.com/news/Interest-rates-fall-again-on-apf-8152078.html?x=0&sec=topStories&pos=main&asset=&ccode=

Interest rates keep falling as investor view of economy dims further; stocks edge lower

Silver Posting Best Streak Since Hunts No Matter Which Way Economy Turns

http://www.resourceintelligence.net/silver-posting-best-streak-since-hunts-no-matter-which-way-economy-turns/10069

Investors giddy for Tesla Motors IPO

http://money.cnn.com/2010/06/28/technology/tesla_ipo/

I am not as excited as the rest, but it could be good.

Family Reunion

I did not post over the weekend because I was at a family reunion with the wife. I had a great time going up Bryce Canyon and comparing my father in laws home town to a third world country. The best part about it was definitely being able to spend some quality time with my wife, who is truly my best friend. I will start up again on Monday. I hope everyone had a great weekend.

Louisiana's unified voice against drilling ban

http://www.marketwatch.com/story/louisianas-unified-voice-against-drilling-ban-2010-06-24

State's biggest industry gets support from all corners, including fishermen

Gold Rises on Bets Fed's Interest-Rate Outlook Will Lead to Weaken Dollar

http://www.bloomberg.com/news/2010-06-24/gold-rises-on-bets-fed-s-interest-rate-outlook-will-lead-to-weaken-dollar.html

China stocks now offer appetizing entry point, say analysts

http://www.marketwatch.com/story/china-stocks-offer-value-entry-point-analysts-2010-06-22

Retailers, banks pull stocks lower; Dow slides 146

http://finance.yahoo.com/news/Retailers-banks-pull-stocks-apf-391894174.html?x=0&sec=topStories&pos=1&asset=&ccode=

Stocks drop following downbeat forecasts from retailers; Traders eye costs of bank regulation

Merkel Rejects Obama's Call to Spend

http://online.wsj.com/article/SB10001424052748703900004575324941614808602.html?mod=mktw

German chancellor rebuffs pressure to boost domestic demand, not exports; warns Europe's crisis is far from over

The Next Silver Bull: Industrial Demand To Drive Prices In Coming Years

http://www.thestreet.com/newsanalysis/metals-and-mining/10790824.html

Confidence Waning in Obama, U.S. Outlook

http://online.wsj.com/article/SB10001424052748703900004575325263274951230.html?mod=WSJ_hpp_MIDDLENexttoWhatsNewsTop

Oil futures settle lower on supply glut, weaker housing, Fed

http://www.marketwatch.com/story/oil-prices-fall-on-weekly-buildups-in-supplies-2010-06-23?dist=beforebell

Nike profit matches view, sees pressure ahead

http://www.reuters.com/article/idUSTRE65M61720100623

Yuan Trades Near Highest Since 1993 as Stronger Euro Boosts Export Outlook

http://www.bloomberg.com/news/2010-06-24/yuan-trades-near-1993-high-as-euro-gains-boost-outlook-for-china-s-exports.html

Cash Crops: Buying Farmland for Income

http://online.wsj.com/article/SB10001424052748703650604575313343743649622.html?mod=WSJ_PersonalFinance_PF4

Stocks slide on new concerns about housing, banks

http://finance.yahoo.com/news/Stocks-slide-on-new-concerns-apf-3981291538.html?x=0&sec=topStories&pos=4&asset=&ccode=

Stocks fall on housing fears; oil shares drop as gov't plans to appeal ruling on drilling ban

It's Time America Had a Fat President

http://www.cato.org/pub_display.php?pub_id=11912

I love the quotes from President Taft: "the president cannot make clouds to rain, cannot make the corn to grow"

Loonie and Aussie dollar gaining reserve currency status

http://www.financialpost.com/news/Loonie+Aussie+dollar+gaining+reserve+status/3185503/story.html

Judge lifts offshore drilling ban as `overbearing'

http://www.google.com/hostednews/ap/article/ALeqM5gIXWYBTpLtSayJtg41LKXpxSxVPAD9GGLCS01

NY state poised to assess nation's cigarette tax

http://www.reuters.com/article/idUSN2126757620100621

Cash-hungry New York state on Monday was poised to enact the highest cigarette tax in the nation, boosting its levy by $1.60 a pack to $4.35.

My opinion: No matter how much money the government gets, it will always find ways to spend it. You have to cut spending, not just raise taxes.

What The Yuan's Rise Means For U.S. Debt

http://www.forbes.com/2010/06/21/china-treasury-yuan-debt-markets-bonds.html?boxes=marketschannelnews

Sundance Plane Wreckage Found in Congo; No Survivors

http://www.businessweek.com/news/2010-06-21/sundance-plane-wreckage-found-in-congo-no-survivors-update3-.html

Six Australian, two British, one American and two French citizens were on the twin turboprop Casa C212 plane, chartered by Perth-based Sundance.

The Sundance personnel, including Chairman Geoff Wedlock, Chief Executive Officer Don Lewis, company secretary John Carr- Gregg and non-executive directors John Jones and Craig Oliver, were in Africa visiting members of the governments of Cameroon and Congo and the Mbalam project.

P.M. Kitco Metals Roundup: Comex Gold Sells Off After New High Scored Early; U.S. Dollar Firms, Crude Oil Weakens Late

http://www.kitco.com/reports/KitcoNewsJune212010_pm.html

Real Reform, But Not in America

http://stossel.blogs.foxbusiness.com/2010/06/17/real-reform-but-not-in-america/

This is what Hungary is doing to deal with its economic crisis. Seems really, really, really good. (no sarcasm)

15% cut in public salaries
16% flat tax rate
Freeze on many other sectors in government spending

GoldWatch: Why Many Respected Analysts See Gold Going Up to $10,000

http://www.kitco.com/ind/Wilson/jun162010.html

In budget crisis, states take aim at pensions

http://www.msnbc.msn.com/id/37798908/ns/us_news-the_new_york_times/

NYT: Some are cutting once-sacrosanct benefits to deal with deficits

I should have been a government worker. I get a pension, do not have to pay anything for healthcare, and can pretty much never be fired.

Fannie and Freddie tab is $146B and rising

http://www.stltoday.com/stltoday/news/stories.nsf/nation/story/E744C01438F6DB698625774700815937?OpenDocument

Euro crisis will not impact equity investments in India

http://economictimes.indiatimes.com/features/financial-times/Euro-crisis-will-not-impact-equity-investments-in-India/articleshow/6068915.cms

Reno, Nev. bank is 83rd to fail in U.S. in 2010

http://www.marketwatch.com/story/reno-nev-bank-is-83rd-to-fail-in-2010-2010-06-19?reflink=MW_news_stmp

Freedom and Exchange in Communist Cuba

http://www.cato.org/pub_display.php?pub_id=11897

Fidel Castro's socialist revolution promised to satisfy the basic needs of the Cuban people, but the price demanded was the surrender of freedoms. The unthinking enthusiasm that greeted the beginning of the revolution helped pave the way for the disappearance of civil, political, and economic rights within a short period of time. Instead of a brighter future, misery in Cuba is widespread and the individual is vilified.

Week Ahead: Earnings, Fed Meeting In Focus

http://www.foxbusiness.com/story/markets/week-ahead-earnings-fed-meeting-focus/

OIL FUTURES: Crude Posts Slim Rise As Products Rally Falters

http://online.wsj.com/article/BT-CO-20100618-708747.html?mod=WSJ_latestheadlines

FOREX-Euro nudges 3-week highs, dollar on backfoot

http://www.reuters.com/article/idUSTOE65H04B20100618

Euro retains gains as concerns about euro zone debt ease


* Strong response to Spanish auctions supports high-yielders

* Dollar index vulnerable on the charts, soft vs Swissie

Gold closes at record high as stocks continue rally

http://www.statesman.com/business/gold-closes-at-record-high-as-stocks-continue-756691.html

U.S. stocks end higher after late turnaround

http://www.marketwatch.com/story/stocks-open-mixed-after-downbeat-jobs-report-2010-06-17?dist=afterbell

Daily Pfennig 6/17/10: The Big Dog Gets Off the Porch!

http://www.kitco.com/ind/Butler/jun172010.html

A Pfennig For Your Thoughts

In This Issue….

* Good Spanish auction fuels a euro rally...
* SNB leaves out important words...
* Deflation disappears in Switzerland...
* U.S. Housing Starts drop -10%!

Rising Tab for the Mortgage Mess

http://www.businessweek.com/magazine/content/10_26/b4184050343408.htm

The bailout of Fannie and Freddie could reach $1 trillion

Fresh economic worries trigger another gold surge

http://www.dailytimes.com.pk/default.asp?page=2010\06\18\story_18-6-2010_pg5_29

Experts Talk CPI, Jobless Claims, Fed's Next Move

http://www.businessweek.com/investor/content/jun2010/pi20100617_988540.htm

Gold Prices Settle Lower

http://www.thestreet.com/story/10784744/1/gold-prices-settle-lower.html

Update: Fannie, Freddie Delisting Signals Firms Have No Value

http://online.wsj.com/article/BT-CO-20100616-712880.html?mod=WSJ_latestheadlines

They are worth nothing....

Stocks close flat after BP escrow announcement

http://www.msnbc.msn.com/id/37726765/ns/business-stocks_and_economy/

Company will spend $20 billion, announces it is suspending dividend

Crude prices rise again, gas pump prices up

http://finance.yahoo.com/news/Crude-prices-rise-again-gas-apf-3037678190.html?x=0&sec=topStories&pos=8&asset=&ccode=

WAR ISN'T THIS CENTURY'S BIGGEST KILLER

http://www.hawaii.edu/powerkills/WSJ.ART.HTM

This is why the founding fathers founded our country the way that it is. Too much power leads to death. Always. No exceptions except Jesus.

What Obama won't tell you tonight

http://www.marketwatch.com/story/what-obama-wont-tell-you-tonight-2010-06-15?pagenumber=2

Commentary: Five things you need to know about the Gulf response

GLOBAL MARKETS-Euro, stocks rally on demand for European debt

http://www.reuters.com/article/idUSN1510115520100615

Spain, Ireland, Belgium have solid debt sales

If the jump today was based on this, it will all go away sooner than later.

Gold Prices Climb, Silver and Platinum Advance

http://www.coinnews.net/2010/06/15/gold-prices-climb-silver-and-platinum-advance/

A Signal from the Stock Market

http://www.kitco.com/ind/Turk/turk_jun142010.html

Swiss parliament approves US tax deal on 2nd try

http://finance.yahoo.com/news/Swiss-parliament-approves-US-apf-3641262374.html?x=0&sec=topStories&pos=5&asset=&ccode=

I hate this.

The housing-market recession is not over

http://www.marketwatch.com/story/the-housing-market-recession-is-not-over-2010-06-09

Why you shouldn't be overly optimistic about real estate right now

Japan Shares Fall After Three-session Climb

http://www.foxbusiness.com/story/markets/industries/health-care/japan-shares-fall-session-climb/

Australia's White Dam Gold Mine Commissioned

http://www.mining-technology.com/news/news87711.html

Stocks falter in last hour; trader anxiety sets in

http://finance.yahoo.com/news/Stocks-falter-in-last-hour-apf-2463073912.html?x=0&sec=topStories&pos=1&asset=&ccode=


Stocks falter, giving market a mixed close, as traders give in to final-hour anxiety

GLOBAL MARKETS-Greek debt downgrade bites into stocks' rally

http://www.reuters.com/article/idAFN1421181220100614?rpc=44

Silver could hit $21/oz on industrial recovery-GFMS

http://www.sharenet.co.za/v3/news_disp.php?id=394792

Hong Kong's Hang Seng Index regains 20,000

http://www.marketwatch.com/story/hong-kongs-hang-seng-index-regains-20000-2010-06-13

Buffett Predicts the Next Crisis

http://www.fool.com/investing/dividends-income/2010/06/10/buffett-predicts-the-next-crisis.aspx?source=ihpsitth0000001

If the bond market pops, get ready for all hell to break loose.

Currency Collapse May Stimulate Economic Expansion, BIS Says

http://www.businessweek.com/news/2010-06-13/currency-collapse-may-stimulate-economic-expansion-bis-says.html

Currency collapse are good for the economy, dont you know that!!!!

ECB's Orphanides: Inflation Not a Concern: Report

http://abcnews.go.com/Business/wireStory?id=10902192

Of course inflation is not a concern to central bankers, when has it been?

Markets exaggerating euro zone risks: ECB policymakers

http://www.reuters.com/article/idUSTRE65A2HW20100611

If a central banker is telling you something, believe the opposite. So most likely we are underestimating the euro zone risks.

Spain Says Has Not, Will Not Ask EU for Aid

http://www.foxbusiness.com/story/markets/economy/update--spain-says-make-eu-aid-request-11877670/

4.46 million shares of Nu Skin sold for $114 million

http://www.deseretnews.com/article/700039356/446-million-shares-of-Nu-Skin-sold-for-114-million.html

Oil rig missed inspections, records show

http://www.latimes.com/news/nationworld/nation/la-na-oil-spill-20100612,0,907235.story


The regulators were probably really busy looking at pornography like their fellow regulators of the financial sector.

Chinese Wages, Currency Value May Increase, Bergsten Says

http://www.businessweek.com/news/2010-06-10/chinese-wages-currency-value-may-increase-bergsten-says.html

US Economist Fears Greek Debt Default in August

http://www.cnbc.com/id/37632681

Platinum: How you can invest in it and its prospects

http://economictimes.indiatimes.com/features/the-sunday-et/money--you/Platinum-How-you-can-invest-in-it-and-its-prospects/articleshow/6042264.cms

Gold Will Continue to Shine

http://www.smartmoney.com/investing/economy/gold-will-continue-to-shine/

Consumers Tighten Belts

http://online.wsj.com/article/SB10001424052748703509404575300380133852708.html?mod=WSJ_hpp_LEFTWhatsNewsCollection

Surprise Drop in Spending Adds to Doubts About the Recovery's Strength

Foreign investment in China up 27 percent in May

http://finance.yahoo.com/news/Foreign-investment-in-China-apf-320977255.html?x=0&sec=topStories&pos=5&asset=&ccode=

Foreign investment in China rises 27 percent in May to more than $8 billion

Late Turnaround Lifts Stocks

http://online.wsj.com/article/SB10001424052748703509404575300210842004080.html?mod=WSJ_Markets_LEFTTopNews

Morgan Stanley Disses Australia: Forget The Latest Cheer, The Consumer Is Breaking And The Dollar Will Tank

http://www.businessinsider.com/australian-dollar-short-weakening-australian-consumer-2010-6

Chaos, Anarchy To Reign If Paterson Shuts Down NY

http://wcbstv.com/politics/nys.goverment.shutdown.2.1745114.html

Shutdown Would Mean Closing Of State Parks, DMV, Courts, N.Y. Lottery

I wonder what would happen if the government actually shutdown and then no one noticed, could we just keep it shut down?

Nations have reached a “Keynesian endpoint”

http://www.bloomberg.com/apps/news?pid=20601087&sid=a2LX1ujFJQTA&pos=7

Finally someone talking some sense, at least a bit of sense.

Daily Pfennig 6/11/10: Brazil Hikes Rates Again!

http://www.kitco.com/ind/Butler/jun112010.html

New law gives N.Y. regulators power to approve health rate hikes

http://ifawebnews.com/2010/06/11/new-law-gives-n-y-regulators-power-to-approve-health-rate-hikes/

This could be the dumbest thing I have ever heard of, but of course, health care is a "right".

Retail sales drop is first in 8 months

http://money.cnn.com/2010/06/11/news/economy/retail_sales/

Coeur d'Alene reportedly halting Argentina mine

http://www.miningweekly.com/article/coeur-dalene-reportedly-halting-argentina-mine-2010-06-11

Reason.tv: 3 Reasons Why Obama Should Kick His Own Ass

http://reason.com/blog/2010/06/10/reasontv-3-reasons-why-obama-s

Netflix To Buy Back Up To $300 Mln In Shares

http://www.foxbusiness.com/story/markets/industries/entertainment/netflix-buy--mln-shares/

SA Gold output drops 6,2%

http://www.businessday.co.za/articles/Content.aspx?id=111575

South African Gold production drops.

Stocks surge on US jobs data, China trade growth

http://finance.yahoo.com/news/Stocks-surge-on-US-jobs-data-apf-1102965448.html?x=0&sec=topStories&pos=main&asset=&ccode=

Our (Largely) Unknown Neighbour

http://blogs.marketwatch.com/canada/2010/06/08/our-largely-unknown-neighbour/

Blog about the economics of Canada.

Bearish Schultz says hyperinflation may happen suddenly

http://www.marketwatch.com/story/hyperinflation-could-happen-suddenly-2010-06-10

The biggest thing to remember is that hyperinflation is a monetary event, not a economic event. Always remember that it is possible that hyperinflation can happen during a depression, think Weimar Republic during the 1920's and 1930's.

Fethullah Gulen's cave of wonders

http://www.atimes.com/atimes/Middle_East/LF09Ak02.html

Interesting article regarding how Turkey is hoping for an Iranian attack on Israel that would catapult itself (Turkey) back to being a much more important part of the middle east. I wonder what this would do the price of oil.....

Targeting most-hated debt first

http://www.msnbc.msn.com/id/37219279/ns/business-personal_finance/

Paying off loathsome obligation can bring emotional relief.

Companies Fear DC's Regulatory Vaporware Will Vaporize Profits

http://emac.blogs.foxbusiness.com/2010/06/09/companies-fear-dcs-regulatory-vaporware-will-vaporize-profits

Spot Gold Prices Fall on Macro Reassurances

http://www.thestreet.com/story/10779465/1/spot-gold-prices-fall-on-macro-reassurances.html?puc=_tscrss&utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+tsc%2Ffeeds%2Frss%2Fprecious-metals+%28Precious+Metals%29

Mises as Policy Advisor

http://reason.com/blog/2010/03/12/mises-as-policy-advisor

Good Austrian Economics Artile

Roundtable: Avoid These Stocks Entirely

http://www.fool.com/investing/general/2010/06/08/roundtable-avoid-these-stocks-entirely.aspx?source=ihpsitth0000001

German government rejects aid for GM's Opel

http://finance.yahoo.com/news/German-government-rejects-aid-apf-2294365527.html?x=0&sec=topStories&pos=3&asset=&ccode=

German economy minister rejects federal government aid for GM's Opel unit

Why the hell would they ever give money to a company who sucks so incredibly bad?

Mortgage rates continue to drop

http://www.csmonitor.com/Money/Paper-Economy/2010/0609/Mortgage-rates-continue-to-drop

But yet no one is buying houses.

The 'Too Big' Divide on Banks

http://online.wsj.com/article/SB10001424052748703890904575296430874218148.html

How about we just let the free market work? None of these banks would have been able to get how big they were without government bailouts and special help.

Bernanke Says Gold, Commodities Conflict on Inflation

http://www.businessweek.com/news/2010-06-09/bernanke-says-gold-commodities-conflict-on-inflation-update2-.html

Whatever he says, usually the opposite is true.

Irish Approach vs. Grecian Formula

http://www.cato.org/pub_display.php?pub_id=11881

What should be done vs. what is being done

Swiss lawmakers reject deal with US in UBS tax row

http://finance.yahoo.com/news/Swiss-lawmakers-reject-deal-apf-334047202.html?x=0&sec=topStories&pos=6&asset=&ccode=

Swiss lawmakers block deal with US over UBS tax evasion dispute

Good old USA, can not handle anyone having any money outside of the country. So lets make it illegal for everyone! Oh wait, the Jobs bill already did that.

General Motors pulls back on dealership cuts

http://finance.yahoo.com/news/General-Motors-pulls-back-on-apf-3423626881.html?x=0&sec=topStories&pos=main&asset=&ccode=

General Motors eases cuts, expects 900 more dealers than planned by summer

When you are funded by the taxpayers, everything is gravy anyway.

McDonald's Still Lovin' It

http://www.forbes.com/2010/06/08/mcdonalds-food-restaurant-markets-equities-sales-consumer.html?boxes=financechannelforbes

The fast-food chain reported a 4.8% gain in May's same-store results.

EU ministers back Estonia bid to join euro

http://news.bbc.co.uk/2/hi/business/10264800.stm

Since the euro zone is going so well all should join!

Brazilian equities, currency higher after GDP jump

http://www.marketwatch.com/story/brazils-gdp-zooms-up-9-stocks-rise-2010-06-08?reflink=MW_news_stmp

US Stocks Build On Gains Late In Session

http://online.wsj.com/article/BT-CO-20100608-712927.html?mod=WSJ_latestheadlines

Gold Eases on Sales After Futures Surge to Record $1,254.50

http://www.businessweek.com/news/2010-06-08/gold-eases-on-sales-after-futures-surge-to-record-1-254-50.html

Bernanke: No Double-Dip Recession

http://www.foxbusiness.com/story/markets/business-leaders/bernanke-double-dip-recession/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+foxbusiness%2Feconomy+%28Text+-+Markets+-+Economy%29

Based on this news story there will be a double dip recession.

$13,050,826,460,886.97

http://www.cato.org/pub_display.php?pub_id=11874

$13,050,826,460,886.97

That's what the National Debt topped this week, a record.

Stop the Federal Spending Spree

http://www.cato.org/pub_display.php?pub_id=11878

Rockhopper plans placing to raise 40 mln stg- FT

http://www.reuters.com/article/idUSLDE6562GN20100607

Bears Dig in Heels: Dow Falls 115 to 2010 Low

http://www.foxbusiness.com/story/markets/futures-bounce-letdown-friday/

Putting a New Image on the Term 'Cheapskate'

http://www.foxbusiness.com/personal-finance/2010/06/07/putting-new-image-term-cheapskate/

Pep Boys reports 10 percent jump in 1Q earnings

http://finance.yahoo.com/news/Pep-Boys-reports-10-percent-apf-2946938695.html?x=0

Coca-Cola, Dr Pepper Reach Distribution Deal

http://online.wsj.com/article/SB10001424052748703303904575292341015388912.html?mod=WSJ_Markets_section_Deals

Consumer Credit in U.S. Increased $1 Billion in April

http://www.businessweek.com/news/2010-06-07/consumer-credit-in-u-s-increased-1-billion-in-april-update2-.html

This is great news. We spend our money on crap.

Euro keeps falling below $1.20

http://money.cnn.com/2010/06/07/markets/dollar/?postversion=2010060714

The dollar is in worse shape, the world just is not ready to fight that battle yet.

Summary Box: Meltdown probe subpoenas Goldman

http://www.google.com/hostednews/ap/article/ALeqM5iMzBwGVtiJmFPYR3yCX5Nla6TDzwD9G6MEAO0

Funny how no one is outraged at the role of the government in the economic meltdown.

Monday's Analytical Charts for Gold, Silver and Platinum

http://www.kitco.com/reports/template_jimw.htm

Gold ends $2 shy of May record, silver up 5%

http://www.marketwatch.com/story/gold-ends-2-shy-of-may-record-silver-up-5-2010-06-07

Silver crashes, Gold rises during the week

http://www.newkerala.com/news/fullnews-122074.html

Silver will rebound, but it might go lower before it does.

Cash-for-gold rip-offs prevalent

http://www.ajc.com/news/cash-for-gold-rip-542666.html?cxtype=rss_business

Never sell your gold to people you send it. Bring it in to a dealer. Rust Coin and Gift is a great one in Provo.

8 reasons you spend too much

http://www.msnbc.msn.com/id/37219059/ns/business-personal_finance/

Paying with plastic, buying in bulk can wreck your budget

Oil turns lower as euro hits new four-year low

http://www.marketwatch.com/story/oil-turns-lower-as-euro-its-new-four-year-low-2010-06-04

FX OUTLOOK-Bearish tone on euro to persist next week

http://www.reuters.com/article/idUSN0411213820100604

* Euro zone woes now beyond Greece, overshadow U.S. data

* Traders flagging $1.18 as key downside euro target

* Focus on ECB rate decision next week

German businesses could steer the country out of the eurozone

http://www.washingtonpost.com/wp-dyn/content/article/2010/06/04/AR2010060404815.html?hpid=topnews

Better Earnings Go Down Smooth For Krispy Kreme

http://www.forbes.com/2010/06/04/todays-big-gainers-kkd-zqk-rcmt-marketnewsvideo.html

Donut shop doubles year-ago profit, guides higher for fiscal year.

China to Review Agricultural Bank IPO

http://online.wsj.com/article/SB10001424052748704183204575287950425226806.html?mod=WSJ_business_AsiaNewsBucket

Honda Says Strike Over At China Subsidiary, Production Resumes Monday

http://online.wsj.com/article/BT-CO-20100604-712776.html?mod=WSJ_latestheadlines

WalMart to create 500,000 jobs in the next five years

http://www.business-standard.com/india/news/walmart-to-create-500000-jobs-innext-five-years/397204/

Gold Jumps on Euro Slump, “Spanish Flu” Banking Fears, and Poor US Jobs Data

http://www.resourceintelligence.net/gold-jumps-on-euro-slump-spanish-flu-banking-fears-and-poor-us-jobs-data/9666

Gold ticks up on bargain hunting

http://www.reuters.com/article/idUSTRE64R5OH20100531?type=ousivMolt

Baker Hughes expands in Russia through acquisition

https://news.fidelity.com/news/news.jhtml?cat=Corp.MNA&articleid=201006041844RTRSNEWSCOMBINED_N04108848_1&IMG=N

Signs of a Economic Depression

http://www.europac.net/externalframeset.asp?from=home&id=18815&type=browne

Regulators shut banks in Neb., Miss., Ill.

http://finance.yahoo.com/news/Regulators-shut-banks-in-Neb-apf-1155923153.html?x=0&sec=topStories&pos=1&asset=&ccode=

Man, this really does feel like a recovery

States Shrink ‘Unaffordable’ Benefits to Bridge $1 Trillion Gap

http://www.businessweek.com/news/2010-06-04/states-shrink-unaffordable-benefits-to-bridge-1-trillion-gap.html

I do not understand how they even get the benefits they get. Not much meaning to the phrase civil servant if you ask me, more like civil kings.

Hungary in ‘Grave’ State, Official Says; Forint Falls

http://www.bloomberg.com/apps/news?pid=20601068&sid=aSDPM6F7K89Q

More good news from Europe

Stocks sink on disappointing jobs report

http://www.latimes.com/business/la-fi-stocks-20100605,0,2026766.story

Hiring Recovery Sputters

http://online.wsj.com/article/SB10001424052748704764404575286921361095484.html?mod=WSJ_hpp_LEFTWhatsNewsCollection

Dow Below 10000, Euro at Four-Year Low on Jobs Data, Crisis in Hungary

UK Fines JPMorgan Record $49 Million, Warns Other Banks

http://www.foxbusiness.com/story/markets/industries/finance/update--uk-fines-jpmorgan-record--mln-warns-banks/

Australia shares fall as banks, resources slip

http://www.marketwatch.com/story/australia-shares-fall-as-banks-resources-slip-2010-06-03

South African gold coin output jumps 50 percent to 25-year high

http://www.busrep.co.za/index.php?fArticleId=5499216&fSectionId=630&fSetId=662

Top 5 Precious Metals Funds

http://finance.yahoo.com/news/Top-5-Precious-Metals-zacks-3954082594.html;_ylt=A0PDkxyOWAhMGDYAKiG7YWsA;_ylu=X3oDMTFhZnY2YnR1BHBvcwMyBHNlYwNzcGVjaWFsRmVhdHVyZXMEc2xrA3RvcDVwcmVjaW91cw--?x=0

U.S. stocks end up slightly ahead of jobs report

http://www.marketwatch.com/story/us-stocks-end-up-slightly-ahead-of-jobs-report-2010-06-03?reflink=MW_news_stmp

NYMEX-Crude ends up sharply as inventories drop

http://www.reuters.com/article/idUSN0363813920100603?type=marketsNews

Japan's Kan Vows To Pursue Both Growth, Fiscal Reform

http://online.wsj.com/article/BT-CO-20100603-707070.html?mod=WSJ_World_MIDDLEHeadlinesAsia

Yes, You CAN Get Out of Debt

http://finance.yahoo.com/how-to-guide/banking-budgeting/18442

Good advice

Fed officials see small uncertainty from Europe

http://finance.yahoo.com/news/Fed-officials-see-small-rb-3864388791.html?x=0

The Fed officials took a five minute break from having their heads shoved up their arse to talk to Reuters.

Treasury sees options available for AIG repayments

http://finance.yahoo.com/news/Treasury-sees-options-apf-2641035700.html?x=0

One of the top options is for the American Public to grab their ankles, the Treasury has consulted China on this and has agreed this option will be the one that has the most favorable effect.

Consumers snap up cars in May, despite fewer deals

http://finance.yahoo.com/news/Consumers-snap-up-cars-in-May-apf-1354955472.html?x=0&sec=topStories&pos=main&asset=&ccode=

I bet none were financed.

US presses economic powers to adopt 'core' financial rules

http://www.google.com/hostednews/afp/article/ALeqM5hQnoEcJjr5M6SZgILhj5KVPsWeXg

Article should have an asterik that says: US refuses to adopt these core financial rules and instead will make sure to print money for any firm that fails.

Tax Credit boosts pending home sales, Analysts say it won't last.

http://www.kansascity.com/2010/06/02/1988021/tax-credit-boosts-pending-home.html

It will not last, there is now no incentive to buy a home in a crappy market. But do not worry, the government will do something else to prop prices up soon!

U.S. Proposes Protections for Airline Passengers

http://online.wsj.com/article/SB10001424052748703561604575282511186581850.html?mod=WSJ_latestheadlines

There are no solutions, just trade offs. If this becomes law it will mean higher airline prices for ALL.

Commodities Broke Down

http://www.kitco.com/ind/Martens/jun022010.html

Current Commodity Breakdown

Some Central American countries put breaks on mining

http://www.miningweekly.com/article/some-central-american-countries-put-breaks-on-mining-2010-06-02

Goodbye productive economies!

Undercover Census Fraud Investigation - New Jersey

http://www.youtube.com/watch?v=9zJ04AWn-5w&feature=player_embedded

Our tax dollars at work!

Hewlett-Packard to cut 9K jobs in services unit

http://finance.yahoo.com/news/HewlettPackard-to-cut-9K-jobs-apf-2214009414.html?x=0

HP plans to cut 9,000 jobs, take $1 billion in charges as it deepens automation of data hubs

Canada raises interest rates

http://finance.yahoo.com/news/Canada-raises-interest-apf-459245508.html?x=0&sec=topStories&pos=6&asset=&ccode=

Canada's becomes first G-7 country to raise interest rates since the global financial crisis

Hershey signs tentative labor deal

http://www.businessweek.com/ap/financialnews/D9G2HD8O0.htm

Good old Unions.

Euro steadies, yen dips on Japan PM resignation

http://www.reuters.com/article/idUSTRE64K0JX20100602?type=ousivMolt

Employee Compensation in State and Local Governments

http://www.cato.org/pubs/tbb/tbb-59.pdf

So such thing as public servant.

No, We Don't Need a Teacher Bailout

http://www.cato.org/pub_display.php?pub_id=11852

Could not agree more