Economics and Investing:

Les K. sent this: Federal Reserve opens credit line to Europe

Breakfast with the FT: Nouriel Roubini. (Thanks to Mike O. for the link.)

Kevin S. forwarded this: U.S. Debt Shock May Hit in 2018, Maybe as Soon as 2013: Moody’s.

Fed Restarts Currency Swaps as EU Debt Crisis Flares. Read between the lines! Cui bono?

Stocks Mostly Hold Gains After European Bailout

SEC: Regulators Yet to Determine Cause of Plunge

Items from The Economatrix:

US Gold Coin Sales Surge as Investors Flee Risk

Who’s on the Hook for the IMF’s Greek Bailout?

Fears Intensify About Greek Crisis’ Impact on US

Celente on the Greece Riots

Taking Weighty Steps Making a Golden Getaway (The Mogambo Guru)

US Gold Coin Sales Soar on Economic Anxiety

Has Gold Become a New Reserve Currency?

Broader U-6 Unemployment Rate Increases to 17.1% in April