Wednesday, 28 July 2010

Here is your Crux PM update:

$400 billion budget shortfalls could bring state economies to a halt
Local governments could cut 500,000 jobs this year...

Jeff Clark: Now is a great time to sell
"We kicked off the month of July with a brand new bear market..."

This China growth story has nothing to do with gold, energy, or commodities
Beaten-down stock could benefit from country's expanding middle class...

The stock market earnings story you haven't heard
"This is a reality check..."

Nassim "Black Swan" Taleb: The government is a Ponzi scheme
"They need to find new suckers all the time. And unfortunately the world has run out of suckers."

Short-selling plunges to 2-year low
Dearth of sellers could be a contrary indicator...

Regards,

Justin Brill
Managing Editor, The Daily Crux
www.thedailycrux.com