B.B. sent this: Where Borrowing $105 Million Will Cost $1 Billion: Poway Schools [1]. A 40 year bond. What insanity! This typifies the institutionalized myopia of California.
Is The Greek Calamity Economy Headed For Revolt? [2] “‘Dire’ is no longer the right word to describe the situation in Greece. Unemployment hit 23.1% in May…”
Heads I Win, Tails You Lose: Goldman Sachs: No CDO charges by SEC [3]. Once again, bankers are told implicitly told that they can gamble recklessly with derivatives [4] with no repercussions. Someday there will be a huge implosion…
Deep Schumer for scrap metal thieves? Sen. Schumer aims to make metal theft a federal offense [5]
Items from The Economatrix:
Stock Market Crash 2013: What The “Hindenberg Omen” Tells Us [6]
Jobless Claims Fall in Sign U.S. Job Market Mending [7]