Economics and Investing:

R.C. sent this: Ready or Not, Stagflation Is Here

Reader Sue C. suggested this: Insight: In Greece, a Painful Return to Country Roots

Peter S. spotted this piece by Mish Shedlock: Monopoly Money vs. Bernanke Money, is There a Difference?

Argentina loses a third of its dollar deposits. (Thanks to Pierre M. for the link.)

G.G. flagged this: CBO: Federal debt to double in 15 years–Fiscal challenges worst since WWII

Also from G.G.: Regulators close four banks in four states; makes 28 US bank failures so far this year

Items from The Economatrix:

US Factory Orders Post Surprise Fall in April

Are Stocks About to Repeat Their Summer Horror Show?

Eight Key Numbers in Job Report

Greece: Despair as Collapse Accelerates