Why Supply and Demand Doesn’t Matter for U.S. Oil [1]
Greg Hunter: We’re a Long Way from the 1970’s [2]. (Thanks to Jim W. for the link.)
The Crunch In Emerging Markets May Cause The Fed To Delay Tightening [3]. JWR’s Comment: Yes, and your local crack head will give you lots of excuses why he has delayed “tapering” his habit, too. It is obvious that our government is now absolutely addicted to creating free money. And the fact that they are foolishly creating Mortgage Backed Securities (MBS) derivatives in this process is reinflating the bi-coastal housing bubble. This will all end quite badly.
Items from The Economatrix:
US Suffers Biggest Pay Drop On Record, As Workers Are Squeezed Tighter [4]
May Jobs Report: Cautious Hiring Continues [5]
Economy: Government Dependence In The US Reaches Absurd Levels [6]