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Friday, August 10, 2012

Financial news 08/10/2012

Zero Hedge: Stock markets closed on volume at 5-yr lows on 08/09/12
Bloomberg: Yield curve on long-term U.S. Treasuries slightly steepened
Business Insider: Fiscal cliff to prevent $665 billion from entering economy
Daily Finance: Millions of Americans run out of money early in retirement
AP: USPS lost $5.2 bln fiscal Q3; to default on 2nd payment to government
BEA: June trade deficit $49.2 bln; Imports $3.5 bln, exports $1.7 bln
Reuters: Inventory portion of GDP down .2% to $481.9 billion  in June
NYT: Google fined $22.5 million for privacy violations via Safari browser
CNNMoney: TANF benefits down to $9.6 bln in '11 from $20.4 bln in '96
BBC: UK June trade deficit largest since '97 at £4.3bn
CNBC: Economists predict further economic slowdown in Eurozone

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