Greece Credit-Default Swaps Surge to Record 2,189 Basis Points, CMA Says [1]. Oh those derivatives, again.
P.R.D. suggested this: Is the Fed Insolvent? [2]
Scott M. found a facebook page devoted to the logic of saving nickels: Stacking Nickels [3].
IMF Cuts U.S. Growth Forecast to 2.5% [4]. (Thanks to Steven M. for the link.)
Adam B. sent this: Greek Bailout Leaves the French Unruffled While German Politicians Seethe [5]
Items from The Economatrix:
Inflation Slows In May as Gas Prices Fall [6]
Eric Sprott: We’re Headed Over a Cliff, Be Wary of Paper Assets [7]
Failure To Raise Debt Ceiling Could Result in Severe Market Disruption [8]. But of course raising the debt limit repeatedly will inevitably destroy the Dollar.