Happy 4th of July
Image attribution: Victrorgrigas; CC0 1.0
• Daily Finance: Retailers roll out sales to celebrate 4th of July holiday
• IBD: Power outages cause for lower weekly retail sales per ICSC
• NYT: Expansion of Medicaid eligibility to lead to lower incomes
• CNNMoney: U.S. rent costs rose 5.4% over 12 months ending June 30
• Zero Hedge: Housing less important to overall economy; price trend flat
• Commerce Department: Factory orders in May up $3.3 billion or .7%
• BI: Gold consumption in China largest in the world in 2011
• CNBC: IMF's Legarde says targeted bond buying better than rate cuts
• Reuters: Large global banks confident orderly insolvency without bailout
• BBC: British soccer team Manchester United to list on NYSE
• MarketWatch: Eurozone manufacturing contracted in June; PMI 46.4
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