Odds ‘n Sods:
Trading on the new Russian RTS oil and gold bourse begins June 8th. The transactions will be denominated in Euros. Sound familiar? This does not bode well for the U.S. Dollar. o o o The US DoD Upgrades its Assessment of the Chinese Military Threat. o o o Here in the U.S., the unsold house inventory backlog jumped to 565,000 in April. The housing bubble has popped. There are no more bidding wars for houses. Now its price cut after price cut. In the coastal markets, I anticipate a race to the bottom, most likely starting in September …