‘People need some way out’: Bartering takes hold in austerity-wracked Greece. (Thanks to Brad S. for the link.)
More derivatives drama: How shock waves will hit US if Greece drops euro. The CDS exposure will be enormous.
Marc Faber: ‘100% Chance’ of Global Recession
Bill M. spotted this: Investors tout ‘condemnation’ for housing fix. Eminent domain, seriously? What socialist claptrap!
Is Silver Currently Riskier Than Gold?
Andy Sutton: From Frying Pan to Fire
Items from The Economatrix:
The Euro’s Collapse Is Not Just About The Euro
Lloyd’s Preparing For Euro Collapse
John Galta–Report From Greece: Limited Capital Controls Implemented
Velvet Glove, Iron Fist: “Emergency” Invites Draconian Measures (Re: Greece)