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Noteworthy News – August 23, 2010

Economy:

Consequences of U.S. debt - The Japan Times

Jobless claims jump to nine-month high Initial filings up 12,000 in latest week to hit 500,000 mark, data show – FinBox

Jobless millions signal death of the American dream for many – Guardian

Record jump in food prices keeps inflation high – Guardian

Markets:

Mortgage rates again fall to record lows – Washington Post

George Soros slashes exposure to US equities - Telegraph

Bond Funds Attracting Cash Like Stocks During Dot-Com Boom: Credit Markets - Bloomberg

Mortgage Market Knocked By ‘Mega-Refi’ Talk – Wall Street Journal

Analyst predicts another US market crash next month – Economic Times

Politics:

WikiLeaks founder warned of a smear campaign – Reuters

Frank: Fannie And Freddie Must Go – Investors Business Daily

Joseph Gagnon on monetary policy - Economist

SEC Sues New Jersey as States’ Finances Stir Fears – Wall Street Journal

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Posted in Economics, Markets, Media, Politics.


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