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Fitch cuts 18 Spanish banks ratings Reuters Spanish Yields Rise
U.S. Employers to Add Jobs in 3Q: Manpower BL Import Pricers Drop
Death Throes Pictures of a stock market mania
The default delusion - Inevitable....and desirable Bedlam
The evidence shows that for many countries, being insolvent is almost usual...
A look back at the U.S. housing crisis NB Financial
Baked-In Inefficiency Bear’s Lair
Myth of Perpetual Growth killing America Farrell
Stocks And Bonds: The Two Terrible Twins Investments In Depression Lamont
Necessary But Not Sufficient Mauldin
The CBO Sees the Economic Cliff Ahead Paul
Why 2012 is Shaping Up to be a Particularly Ugly Year Keen Podcast
The Macroeconomics of Chinese Kleptocracy Bronte MyBudget
What is Globalization? Pettis
Inflation-Adjusted Prices Saville Significance of 200-day moving average Hulbert
IMM positioning: Investors were not positioned for a Spanish bailout Danske
Gold in Bear Territory, Upside Capped at $1,700 CNBC
Listen: EWI's Analyst Hochberg Explains Recent Action in Stocks, U.S. Dollar and More EW
Rising Junk Yields Fail to Deter Investors BL
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Eurozone crisis: week-long crunch begins with the world economy in the balance TStar
Pulling Plug on Greece Sells in German Town Opposing Merkel Plan BL
Market euphoria over Spanish bank bailout fades Reuters Warner - Nocera - Roubini
Some economists believe Spain will eventually need a full state bailout, and that Italy may be next in line...
Westpac Securities: “Even the most inconsolable and bearish analysts were taken aback at how decisively markets rejected this bailout”
Telegraph: Having dropped below the 6pc mark, Spanish yields - or implied interest rates - on its 10-year debt later moved back above 6.5pc 'Won't Buoy Sentiment for Long’
On some estimates, Spain's debt-to-GDP ratio could approach 100% Guardian
Ex-Greek PM: Euro exit would be "catastrophic" CBS
Would a Greek Euro Exit Be Catastrophic? CNBC
Electricity demand cools rapidly Shanghai Daily
Is Canada in a bubble? Housing experts face off G&M
Canadians outpace all other foreign buyers in U.S. real estate market G&M
IMF: Yen Is Overvalued; Yen Falls on Remarks BL
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Median net worth fell by $49,100, erasing 18 years of gains
EU Mulls Worst-Case Scenarios If Greece Leaves Euro Reuters
European benchmarks surrender gains MW
Europe Should Let Spain Go Bankrupt: Jim Rogers CNBC
Pimco's El-Erian Dismisses Bond Bubble BL
The Heart of the Matter Hussman
Flight animals Price
The Austrians and the Swan: Birds of a Different Feather Universa
Home Once Owned by Gianni Versace Lists for $125 Million WSJ
“Miami is now seeing prices like it's never seen before, with an influx of international buyers, so it's the perfect time to sell this trophy property”
Dimon Faces Washington Grilling Over Trading Debacle Reuters
Turning Slumdogs Into Millionaires: One Hedge Fund Manager's Quest Forbes
Another Bank Bailout Krugman Ferguson - Santoli - Keen - Panzner - Yardeni
Bernanke’s still ready to $pend Keenan
Failure And Rescue New Yorker
States’ Pension Push Into High-Octane Investments NYT
Decade’s top performer dubious Brimelow
Does Congress Want Another Meltdown? BL
The Paradox of Low-Risk Stocks: Gaining More by Losing Less ABernstein
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Central Banks Back to Buying Gold WSJ
Exhausting the Earth's Resources? Not So Fast WSJ
Commodity Glut Spells Trouble for Producing Countries Asia Sentinel
Stuffed Chinese warehouses mask an even bigger problem
It only took a great depression to reduce gas prices by 40 cents Burning Platform
Water shortage 'to hinder world's economic growth' Inde
Is There Still a Case for Coal? Manhattan-institute
Goldman Sees a 29% Return From Commodities Over 12 Months BL
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Europe's democracies must not subcontract their destiny to the Bundebank Pritchard
Spooky parallels between Great Depression and euro crisis Bootle
Spain bank deal may not work, bolder reforms needed: Stiglitz Reuters
Bank bail-out won't end Spain's property nightmare Telegraph
Italy Moves Into Debt Crisis Crosshairs After Spain BL
Italy has more than 2 trillion euros of debt, more as a share of its economy than any advanced economy after Greece and Japan.
Southeast Asia Preps for Euro Crisis Impact Before Greek Vote BL
China's exports rise but outlook still cloudy China Daily
Toronto Braces for a Deflating Condo Bubble Reuters
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Euro Zone Leaders Agree to Lend Spain Up to $125 Billion Reuters
“The loan amount must cover estimated capital requirements with an additional safety margin, estimated as summing up to 100 billion euros in total”
Luis de Guindos, Spanish economy minister: “What we are asking is financial support, and this has absolutely nothing to do with a full bailout”
After Spain's bailout, leaders fear for Italy's future G&M
Tear up your paper money Jubak
“...you no more want to know how a modern paper currency is made than you want to know what goes into a cheap hot dog.”
Pavlovian Noland
A Dysfunctional Nation Mauldin
Strong-Dollar Fallacy ZEAL Gold Still Sluggish Swenlin What’s Wrong With Gold? Harding
Things That Make You Go Hmmm... via Scribd
In Era of Cheap Money, Consumers Are Shut Out NYT
Income and Wealth Are Down in U.S. Norris
Guess Who's Buying All the Bonds? (It's Not the Fed) CNBC
The demand among average investors has swelled so much, in fact, that they bought more Treasurys in the first quarter than foreigners and the Fed combined.
Weekly Focus: Policy response from China but ECB disappoints Danske Global Equity
Detroit will go broke in a week if consent deal lawsuit isn't withdrawn DetFP
Okun’s Law: A Meaningful Guide for Monetary Policy? FRBSL
S&P keeps US rating unchanged, outlook 'negative' AFP
“The negative outlook reflects our opinion that US sovereign credit risks, primarily political and fiscal, could build to the point of leading us to lower our 'AA+' long-term rating by 2014”
How Banks Could Return the Favor Morgenson
Cost to Lunch With Warren Buffett: $3.5 Million ABC
Facebook Funds' Plunge WSJ
UBS May Have Facebook Trading Loss of $350 Million CNBC
Trustee Sees Customers Trampled at MF Global NYT
Ex-Goldman director Gupta likely to testify at own trial Reuters
Subprime college educations WP
What exactly is Charisma? (Fortune Classic 1996) Fortune
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A look at the 4 eurozone countries with bailouts AP
A golden idea to save (or doom) the euro G&M
Germany, it appears, wants to make gold the effective currency of the euro zone before the region plunges to the bottom of the seas like a concrete U-boat...
Papandreou Sees Greece Staying in Euro as Austerity Steps Eased BL
Do Spain and Euro Zone Even Know What The Truth Looks Like Yet? Forbes
How Europe's Contagion May Hit the U.S. Economy BW
Euro Breakup Precedent Seen When 15 State-Ruble Zone Fell Apart BL
The Soviet experience tells us “an exit like this is messy and leads to loss of income and inflation, and people are right to be scared of it”
Ireland's housing bubble crashes AAP
Deflation, Stagflation or No-flation? BMO
U.S. Stocks Rally in S&P 500’s Best Week of 2012 BL
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U.S. Trade Deficit Narrows on Import Drop BL
First Mover Advantage Absolute Return Letter
Faber: U.S. Treasuries Are Biggest Bubble Ever BL Video
The Specter of Default: How Safe Are U.S. Treasuries? Wharton
The Day of American Austerity: What Will It Look Like EW
Household net worth jumps $2.8 trillion Fortune Flow of Funds
Still, we have another four trillion to go before we regain what we lost in the financial crisis.
Steepest Global Slide Since Recession Pushes Rate Cuts BL
U.S. Dynamism Fades as Americans Cling to Jobs BL
Secret talks under way about 'fiscal cliff' Politico
Zoellick hits at U.S. on trade, says Chavez's clout waning Reuters
BeSpoke - 2 - Krugman - Gold - Mish - Smith - Panzner - Taibbi - FMaximus - Saxena
Lowering the Speed Limit for World Economic Growth Rubin
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Accounting Backfired at MF Global Norris
Warren Buffett Interview: On Economy, Investing and Bill Gates BL (via GuruFocus)
Goldman CEO: Gupta Had 'Market Moving' Secrets HP
Fireworks expected at Chesapeake annual meeting Reuters
OPEC draws fine line between oil balance and chaos MW
Oil Heads for Longest Losing Streak in 13 Years BL
Champagne May Fetch $140,000 After 170 Years in Sea BL
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Proud, too-big-to-fail Spain ponders bank rescue ReutersSpain too big for EU rescue fund as China recoils Pritchard
Greene says Spain's banks will need up to €250bn...
Spain's rating slashed as Fitch warns banks may need 100bn Telegraph
Merkel Lowers Expectations for Quick Euro Fix Spiegel
Osborne threatens referendum over place in the EU Independent
The Accidental Empire Soros
'Greece Is Beyond Repair': Harvard Professor CNBC
China wealth fund cuts EU holdings WSJ
Mr. Lou: “There is a risk that the euro zone may fall apart and that risk is rising”
Strong Yen Won’t Survive Japan’s Fiscal Cliff Shilling
Japan’s Current-Account Surplus Shrinks BL
Japan Confronts Flight to Quality With Brutal Yen BL
When the Chinese Cut Rates It's Time to Worry BL
China Plans Steepest Fuel-Price Cut in 5 Years BL
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Testimony by Chairman Bernanke on economic outlook and policy FED
Merkel says ready to act; focus on Spain's banks Reuters
Spain calls for new tax pact to save euro Guardian
Consumer Confidence in U.S. Rises for 3rd Week BL
Weekly Initial Jobless Claims in U.S. Fall to 377,000 BL
As Japan Stops Saving, a Crisis Looms Shilling Japan’s Unsustainable Deficit-Financing...
What’s Next For The U.S. Dollar? QE3? Merk
Fed's Yellen Lays Out the Case for More Easing Reuters Speech
Odds Bernanke Hints at QE3 - Slim to None: Trader CNBC
2013 economic forecasts suggest we may look back fondly at doom and gloom Macleans
Invest Like It's the Great Depression Again Daily Finance
Why This Slow Recovery Is Like No Recovery WSJ (Complete via Google)
Is America Healing Fast Enough? El-Erian
A Primer: Corrections vs. Bear Markets Yardeni
U.S. TBonds: Black Hole Dynamics Willie Crony Capitalism Long & Smith Arold - Dr. HB
Fed's Rosengren Warns on Growing Economic Risks Reuters
Global Forecast Update Scotia
“What's he (Bernanke) going to say? Is he really going to get in a helicopter and dump money?”
Investors end 14-week stock exodus CNN
U.S. to decide on Basel III rules MW
Buyer beware: the Facebook debacle Macleans
Nasdaq Plans $40 Million in Facebook IPO Compensation Reuters
Madoff trustee files many new lawsuits Reuters
Oil Bear Market Seen as Temporary on Growth, Demand BW
Gold bugs ignore bear market BL
World Food Prices Fall Most in 2 Years on Dairy Plunge BL
Report warns of drop in oil sands R&D G&M
China Cuts Interest Rates for First Time Since 2008 BL
Eurozone divided as time runs out for Spain Independent
Bailout now 'inevitable' despite official denials
Spain Holds a Trump Card in Bank Bailout Talks NYT
The euro’s 'guilty men’ are now steering Europe to catastrophe Telegraph
Spain launches investigation into Bankia Telegraph
Greece Still Going Broke, Now Faster And With More Broke-Ness HP
Housing boom left Ireland littered with vacant homes and unpaid loans KCStar
Replica of Austrian village built in Guangdong China Daily
One housing bubble down, one to go: Rosenberg FP
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Fed Says Expansion Was “Moderate” in May BL BBook
Warren Buffett: U.S. recession is unlikely CNN
U.S. Productivity Fell 0.9% in First Quarter BL
Fed faces political heat in weighing more economic stimulus WP
Who Will Take First Swing at Euro Crisis - Fed or ECB? CNBC
We Must Act Now With Aggressive Easing: Fed's Evans Reuters
Fed Presidents Clash Over Need for More Stimulus BL
Bernanke must go further, faster – or resign G&M
Only market evangelists reconcile Jekyll with Hyde FT (via Google)
Panic has become all too rational Wolf (via Google)
Collapse At Hand Roberts Krasting - Panzner - Smith
Fast Food Theories Threaten Economic Health Bear’s Lair
Analysis: Wall Street due for further dip? Charts say yes Reuters Bear around the corner?
Big Investors Don't Know Where to Put Their Cash Spiegel
Rising U.S. debt could trigger a downturn, agency warns LAT
Government Down $16 Billion on GM Bailout WStandard
'Donuts' startup lands $100 million for dot-brand domains CNN
Exclusive: John Mack, venture capitalist? Fortune
MF Global payouts could take six years: CMC exec Reuters
Morgan Stanley Now Lending Out Facebook Shares To Short Sellers CNBC A Buy at $20
Corzibe - Clueless or a crook? NYP
Gold Bugs Defy Bearish Threat as Soros Buys BL
Gold: Contagion Ing
Cotton barometer points to economic troubles G&M
“When cotton gets sick, the rest of the commodities show up at the hospital eventually”
Germany's Nuclear Phase-Out Brings Unexpected Costs Spiegel
ECB Keeps Rates on Hold as Crisis Increases Pressure for Cut BL
EU, Germany exploring Spanish rescue Reuters
Nein! Nein! Nein! Again Pritchard
Greece Running Out of Money, Warns of Going Broke NYT
Moody's Cuts Ratings of Several German Banks Reuters
Cleaning up the mess: Bank resolution in a systemic crisis VOX
S&P cuts outlook on Genworth Financial G&M
Macau Feels the Pinch of China's Slowdown BW
Revealed: Saudi royals' secret $1bn US empire Inde
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The 2012 Long-Term Budget Outlook CBO
US Debt Could Double in 25 Years With Current Policies Reuters
Why Goldman's Layoffs Have Wall Street Worried CNBC
Ackermann: Euro Bonds Aren’t Answer for Crisis BL
ISM Services in U.S. Rises to 53.7 From 53.5 BL
The last days of MF Global Fortune $3 Billion in Potential Claims
Gary Shilling on Housing Market, Economic Outlook BL Video
The US economy and jobs: the basic arithmetic Baker
"1-800-GET-ME-OUT?!" Saut
Our House: Is the United States the Best House in a Bad Neighborhood? Sonders
Europe's printing-press problem Fleck
Is Global Financial Reform Possible? Volcker
A useful reserve currency must be limited in supply...
Correction close to being over Hulbert
War is America’s new economic stimulus policy Farrell
How far down could panic pull stocks? Mirhaydari
America is rich and powerful because... FMaximus Taleb - Smith
The Real Bond King Says "Buy" Forsyth
For euro zone, life does not equal hope Saft
Fed’s Fisher: Efficacy of Operation Twist Is Suspect WSJ
IMM positioning: AUD shorts at October 2008 levels Danske
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Post-Facebook IPO market frozen CNN
Goldman to Cut Jobs as Earnings Outlook Dims BW
Buyers' remorse for California's 'bullet train to nowhere' Telegraph
Healthcare Bubble Will Burst, Doctor Predicts PR
John Paulson Buys Saudi Prince's $49 Million Aspen Pad CNBC
Bear Ranch and Hala Ranch together might have once fetched more than $150 million...
Warren Buffett auctions off a lunch date CNN
Stephen Baldwin fights Kevin Costner in court CNN
Falling Oil Prices Are No Mystery BW
The U.S. is now sitting on more oil supplies than it has since 1990. And yet our demand for it is at close to a 15-year low...
Copper futures plummet over 3% Shanghai Daily
Is Gold Making a Comeback as a Safe Haven? Reuters
Sprott: ‘Perfect environment for gold’ FP
Would You Rather Own Apple or Gold? Breakout
Long Term GATA Has It Right Jesse
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Reuters: "It will become a Germany bashing sesssion”
Germany weighs up federal Europe plan to end debt crisis Guardian
G20 to Press Germany on Stimulus Spending Reuters
Another source...said he was unaware of any plans...
G-7 Will Discuss European Crisis Before Summit BL
Spain Minister Urges EU Aid for Banks in First Plea for Help BL
Fears over euro spark hiring spree in the City Inde
The biggest surge in the jobs market is coming in foreign exchange and interest rate swaps on worries over Spain's struggling banking system...
'Zombie' companies holding back UK economy, says Ernst & Young Telegraph
Topix Slips Into Bear Market, Lowest Since 1983 BW
Japan's domestic car production in danger: reports MW
Europe's Luxury Carmakers Seek Relief in China Asia Sentinel
China buys Japanese bonds, boosts role as largest creditor Shanghai Daily
China HSBC May services PMI jumps to 19-month high Reuters
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S&P Sees 1-in-3 Chance of Greek Euro Exit Soon Reuters
Euro debt troubles morph into banking crisis G&M
US Factory Orders Post Surprise Fall in April Reuters
Facebook Hits New Low After Bernstein Questions Stock BL
Run of the Mill Hussman
The Real Banking Crisis, Part II Sprott
Austerity and Debt Realism Rogoff
Strong Yen Belies Worrisome Japan Economy Gary Shilling
Yes Virginia, the S&P 500 really is overvalued Rothery
Calls Grow for Central Bank Action as Stocks Swoon CNBC
Gartman: 100% Chance of Fed Easing CNBC Krugman - Summers - Coxe - Smith - EB
The Ugly Truth About Social Security Is Revealed Forbes
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JPMorgan Was Warned About Lax Risk Controls NYT
Hedge Funds in Longest Rout Since Global Recession BL
‘Buffett Rule’ makes Main Street sense Southtown Star
French rogue trader Kerviel launches appeal Reuters
Gold Bushwhacks Bears, Again Brimelow
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The week that Europe stopped pretending Pritchard
Merkel is pressuring Spain to accept bailout money Spiegel
Merkel Feels Pressure, Spain Calls for Bank Aid BLOn Spain’s banking recap and capital flight FTA
Three Months to Save the Euro: George Soros CNBC
Spanish rescue draws closer as Cyprus buckles Spiegel
Ireland Still Long Way from Overcoming Debt Crisis Spiegel
China Making Contingency Plans for a Greek Exit Reuters
Banks reducing euro exposure Korea Times
Portugal's Biggest Banks to Get $8 Billion in Bailout Funds CNBC
Risk-exposed Portugal sticks to tough bailout goals Reuters
China Services Growth Weakens as JPMorgan Cuts BL
Debt, property risks curb China stimulus firepower Reuters
The 4 trillion yuan ($628 billion) stimulus package launched to counter the post-Lehman global crisis won worldwide applause but left a stellar bill...
China's lenders ordered to check bad loans Xinhua Japanese Stocks
Israel Deploys Nuclear Weapons on German-Built Submarines Spiegel
A contrarian moment Economist
Share prices in Europe may have priced in the bad news
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First Deflation, Then Inflation. But the Timing...? Mauldin
And This Week a Turn for the Worse Noland
Foreign Direct Investment in the United States During the Financial Crisis FRBSL
Bonds Soar Swenlin
US - Weak labour market likely to trigger the Fed Danske
The Time Has Come Mr. Bernanke! Harding
Global Gold-Mining Trends 2 ZEAL
In Economic Deluge, a World That’s Unable to Bail Together Norris
Manufacturing’s Turn for the Worse Norris
Investors Brace for Global Slowdown: El-Erian CNBC
Hope, but Worry Now Stelzer
Global Equity BMO Global Views Scotia Weekly Focus: Close to the edge - again Danske
An Economy Built to Stall WSJ
Basic Equity Return Statistics CXO
The Curtain Opens on 401(k) Fees Morgenson
The Mortgage Fraud Fraud Nocera
The QE3 Gold Rush Begins TheStreet
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Spain’s Aid Plea Backfires as Bond Yields Rise BL
Spain’s Aid Plea Backfires as Bond Yields Rise BL
Germany, Greece and the Scottish problem Warner
Cyprus next for bail-out, president suggests Telegraph
'Beware a rerun of the Great Panic of 2008' Daily Mail
Collapse in UK factory figures fuels call for more stimulus Inde
Housing prices fall for ninth straight month Shanghai Daily
US to improve strategic trust with China Xinhua
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Look Out Below Schwab S&P 500, down 10% since April - Oil loses 8% this week
U.S. equities were in a full-fledged freefall today...
Egan-Jones cuts Italy on heels of Spain downgrade MW
Rosengren: Renewed Fed Twist to Spur Growth BL
Spain Default Swaps at Record as Risks Rise BL
ISM's U.S. factory index declines modestly MW
Jobs Report Signals More Trouble for US Housing Market CNBC
Even Wealthy Americans Are Worried About Jobs CNBC
BL Recap: Employment in U.S. Increased 69,000 in May - BLS - 1.442 percent
Wall Street Food Chain Gross
Soaring debt/GDP ratios in previously sacrosanct AAA countries have made low cost funding increasingly a function of central banks...
What Is The All-Time Low 10-Year Yield? Bianco
Time Bomb? Banks Pressured to Buy Government Debt CNBC“Captive bank demand can buy time and can help keep domestic yields low. However, the distortions that build up over time can sow the seeds of an even bigger crisis, if the time bought isn't used very prudently.”
Yielding to Panic BL
“Even in ancient Babylon (4%), Medieval Europe (6%), 1800s America (4%), no one was paying 1.6% for 10-year money.”
Fiscal Cliff and the Debt Ceiling Wells Fargo Ornstein - Fed’s Dudley
Greenspan: “Almost every economist ... says we'll deal with the long-term problem later, let's get through now on short-term stimulus. That presupposes something they do not know, namely, will the market tolerate that”
The Austerity Agenda Krugman The Economic Costs of Fear DeLong
Dr. Gloom mellows but Dr. Doom does not MW
BeSpoke - AAII - EB - MyBudget - Credit Slips - Debtwatch - Mish - Smith - Black - Turner
This Summer an 'Eerie Echo' of Pre-Lehman: Zoellick CNBC
Is 'Death of Equities' hoopla true? Jubak
More Student Loans Are Past Due WSJ 275% over past decade
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One focal point is why the formula used to calculate Iksil’s VaR was altered early this year, cutting the reported risk by half.
For Sallie Mae, the Student Debt Crisis Is Enormously Profitable Minyanville
Wells Fargo Seizes Stockton, California City Hall EPJ
Nasdaq plays tough with clients angry over Facebook Reuters
SEC Whistleblowers Waiting For Big Payouts As Rumors Of First Award Mount HP
Gold’s having an identity crisis MW
Is the metal still a safe haven after losing 6% in May?
When Gold Prices Are Too High for Sentimentality WSJ
Brent Oil Falls Below $100 for First Time Since October BL
Commodity Revenues at Top Banks Decline as Volatility Drops BL
Copper Bears Rise to Eight-Month High as Hedge Funds Bet on Drop BL
Will Truckers Ditch Diesel? WSJ
China is open to LME warehouses Shanghai Daily
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“Events in Greece could trigger financial fright in Spain, Italy and across the euro zone, pushing Europe into a danger zone." Zoellick
Spain told to get a grip of bank crisis as bailout looms large Inde How to save Spain Econ
Amid Uncertainty on Euro, Europeans Hedge Their Bets Norris
IMF says it is not preparing a bailout for Spain AP
Euro-Area Unemployment Reaches Record 11%, Led by Spain BL
Stiglitz: Europe Central Bank Can Do ‘Lot More’ on Crisis CNBC
A contrarian moment? Economist
Share prices in Europe may have priced in the bad news
Is Europe Entering the Intervention Zone? CNBC
Breakaway or breakup? VOX
Yen-yuan direct trading starts Shanghai Daily
China home prices drop for 9th consecutive month Shanghai Daily
Key Measure of Chinese Manufacturing Activity Falls NYT
'Stimulus 2.0' aims to reboot growth China Daily
Instead of throwing money at the problem...China is aiming for a more managed, selective stimulus
Japan mulls intervention as yen soars AFP
Land price fall seen starting to level off, flatten Kyodo
Bubble forming in card sector Korea Times
China Arrests Official on Suspicion of Spying for the US Reuters