Frequent content contributor R.B.S. sent us this: How a Bursting Housing Bubble in China Could Slam the U.S. [1]
Also from R.B.S.: China Freaks Out The World By Announcing Restrictions On Export Of Metals Crucial For National Defense [2]
Chad sent us this: Hungary warning heightens sovereign-debt fear; Default concern rises as new government says predecessor lied about finances [3]
G.G. suggested this interview: Jim Rogers on Currencies and Inflation [4]
Items from The Economatrix:
Gold’s Record-Breaking May Madness [5]
The Central Banker’s Dilemma [6]
No. European Nations Preparing to Slaughter the PIIGS [7]
Student Loans: Another Debt Crisis Brewing [8]
Four-Day School Week Due to Budget Cuts Gains Popularity [9]. (Meanwhile we read: Amid budget crunch, Utah considers making 12th grade optional [10].)
Economy Adds 431K Jobs, But Few in Private Sector [11] (Most of those were temporary census workers!)
Weak Employment Report Drags Oil Down Near $72 [12]
1 of 8 Americans on Food Stamps [13]
Europe Launches Credit Rating Offensive [14]
G-20 Finance Officials Begin Global Economy Talks [15]