Economics and Investing:

The Two Worlds of 2012: Will We Have “Inflation” or “Deflation”?

Europe Brings Out The “Capital Controls” Bazooka

U.S. Derivatives Probe Eyes Bank Control of LCH.Clearnet

Pierre M. sent this: Italy ‘may need bailout’The Irish Times

Items from The Economatrix:

Fed Says US Wealth Fell 38.8% in 2007-2010 in Housing

S&P Says US to Avoid “Fiscal Cliff,” Risks Remain

Moody’s Cuts Cyprus Sovereign Rating Two Notches

Fall In May Retail Sails Driven Entirely By Lower Gas Station Spending