Only Chuck Schumer could dream up legislation so repugnant: Schumer Introduces Ex-PATRIOT Act: Will Banish Those Who Renounce US Citizenship.
Greg P. sent this news from Europe: The Next Money: As the Big Economies Falter, Micro-Currencies Rise
Matt C. sent us this: JPMorgan Fiasco Means Higher Interest Rates Ahead
JPMorgan, a counterparty to itself
Over at Alt-Market: How The U.S. Dollar Will Be Replaced
Items from The Economatrix:
The Curious Calculus of the US Employment Numbers
April Retail Sales Hint at Slower Spending Pace
Here’s How the Whole Eurozone Could Unravel in Just a Few Months