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Noteworthy News – August 8, 2011

Economy:

Just How Bad is Bad?: Nouriel Roubini and Ian Bremmer debate the double-dip recession and whether China could end up like Europe’s PIIGS – Foreign Policy

Record 45.8 million receiving food stamps – UPI.com

Beneath Jobs Report Surface Lie Some Ugly Truths - CNBC

Markets:

Asia stocks start lower; U.S. futures down – CNNMoney

Gold Futures Surge to Record on Haven Demand – Bloomberg

Politics:

1 in 3 chance of further U.S. downgrade: S&P’s Chambers – Reuters

Buffett Says Cutting U.S. Rating Was Mistake, Sees No Recession - Bloomberg

Treasury Questions Credibility of S&P Action - Bloomberg

Pimco’s El-Erian Says U.S. Downgrade Casts Doubt on Other AAA Countries – Bloomberg

An underperforming president: How Barack Obama allowed the Republicans to rout him over the debt ceiling – The Economist

A National Debt Of $14 Trillion? Try $211 Trillion – NPR

Bernanke May Borrow From JFK, Use ‘QE3′ to Buy Longer-Dated Treasurys – CNBC

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Posted in Economics, Markets, Media, Politics.


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