Economics and Investing:

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

Oil Price Still Falling as Supplies Grow