Greece Credit-Default Swaps Surge to Record 2,189 Basis Points, CMA Says. Oh those derivatives, again.
P.R.D. suggested this: Is the Fed Insolvent?
Scott M. found a facebook page devoted to the logic of saving nickels: Stacking Nickels.
IMF Cuts U.S. Growth Forecast to 2.5%. (Thanks to Steven M. for the link.)
Adam B. sent this: Greek Bailout Leaves the French Unruffled While German Politicians Seethe
Items from The Economatrix:
Inflation Slows In May as Gas Prices Fall
Eric Sprott: We’re Headed Over a Cliff, Be Wary of Paper Assets
Failure To Raise Debt Ceiling Could Result in Severe Market Disruption. But of course raising the debt limit repeatedly will inevitably destroy the Dollar.