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Noteworthy News – July 19, 2010

Politics:

Jeffrey Immelt to Obama: Focus on jobs, economy – Fortune

Fannie Mae gets tough on homeowners who walk away – LA Times

Central Banks Swap Tons of Gold for Cash – Blogging Stocks

Economy:

Don’t bet on a 2010 economic recovery. 10 stunning charts showing no housing recovery moving forward and weak employment growth. - Dr. Housing Bubble

I Would Do Anything For Stimulus, But I Won’t Do That – NY Times (Paul Krugman)

Alcoa’s View of the Economy - Wall Street Journal

U.S. Economy: Confidence Tumbles Risking Slowdown – Bloomberg

Markets:

World stocks, dollar drop on soft U.S. data - Reuters

Treasury Two-Year Yields Drop to Record Low as Economy Weakens – Bloomberg

Mystery trader buys all Europe’s cocoa – Telegraph

European Stocks Down; US Economy In Focus – Wall Street Journal

Banks:

A mirage, not a miracle: The banks’ contribution to the economy has been overstated – The Economist

Can You Hear Goldman Laughing? - The Daily Beast

RBS could sue Goldman over $800m loss on Abacus deal - Guardian

7 Reasons to Be Skeptical About Financial Reform – The Atlantic

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Posted in Economics, Markets, Media, Politics.


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