H.H. sent this: Venezuela Food Prices Skyrocket [1]. H.H. asks: “How’s that Socialist Revolution workin’ out for ya, Hugo?”
K.C. saw a story on CNBC that is of interest: ‘Serious Market Problems’ in the Fall—Gold to Hit $2500 [2]. Here’s an excerpt: “In the meantime, Schatz said investors should expect a rally through June and into August—before seeing ‘serious problems’ in the fall. …Taxes are going up next year and so on the surface, people are going to have less money to invest and less money in the economy,” he explained. “We’ve also got a municipal crisis coming on the horizon that no one’s talking about.”
Items from The Economatrix:
Spain: The New Crisis in Euroland [3]
Bank Run in Spain and its Destabilizing Ramifications for the Entire EU [4]
Spain Plays High-Stakes Poker Game with Germany as Borrowing Costs Surge [5]
Gold Rises as Euro Struggles, Share Prices Down [6]
Spending Fable [7] (The Mogambo Guru)