Frequent content contributor R.B.S. sent us this: How a Bursting Housing Bubble in China Could Slam the U.S.
Also from R.B.S.: China Freaks Out The World By Announcing Restrictions On Export Of Metals Crucial For National Defense
Chad sent us this: Hungary warning heightens sovereign-debt fear; Default concern rises as new government says predecessor lied about finances
G.G. suggested this interview: Jim Rogers on Currencies and Inflation
Items from The Economatrix:
Gold’s Record-Breaking May Madness
No. European Nations Preparing to Slaughter the PIIGS
Student Loans: Another Debt Crisis Brewing
Four-Day School Week Due to Budget Cuts Gains Popularity. (Meanwhile we read: Amid budget crunch, Utah considers making 12th grade optional.)
Economy Adds 431K Jobs, But Few in Private Sector (Most of those were temporary census workers!)
Weak Employment Report Drags Oil Down Near $72
1 of 8 Americans on Food Stamps
Europe Launches Credit Rating Offensive
G-20 Finance Officials Begin Global Economy Talks