Bloodbath
U.S. Yields Climb to 22-Month High as Global Bonds Slide on Fed BL
Gold and Silver: A Great Day to be a Bear EW
Fed Exit Fears Pummel Gold; Futures End 6% Lower CNBC
Fed Seen Tapering QE to $65 Billion At September FOMC Meeting BL
4 Reasons Gold Falls Below $1,000 - Analysts CNBC
End to Fed stimulus, China slowdown rattles swathe of world investments Reuters
Santelli Rips Bernanke: What Are You Afraid Of CNBC
“They take a press release from the Federal Reserve, and they think it was written by God!”
Bill Gross: Bernanke Might be Driving in a Fog BLV
The Second Great Depression DeLong
Why the Economic Crisis Is Worse Than You Think
New China billionaires blowing massive bubbles Farrell
Why Government Spending Does Nothing for Jobs Baum
Waving or Drowning: Developing Countries After The Financial Crisis Triple Crisis  Smith
A Potentially Tragic Taper Krugman - Baker - Sober Look
3% Treasury Yields?
Reuters: “If rates continue to climb at a pace beyond the CBO forecasts, interest costs over 10 years could rise by hundreds of billions of dollars a year...”
SEC Should Target Individuals: Fmr. SEC Head CNBC
Corrupted credit ratings: Standard & Poor’s lawsuit and the evidence VOX
How the IRS keeps the $4.3 trillion nonprofit world secret WP
Dolce and Gabbana Sentenced to Jail for Tax Evasion Reuters
SPDR Gold Holdings Slump Below 1,000 Tons BL Video
Bank of America ordered us to lie, ex-workers say MW Salon
Record fine for rogue property trader Inde
China June flash HSBC PMI hits nine month low on weak demand Reuters
Hedge fund Grandmaster sees stock market crash in China Reuters
Repayment risk for banks - Xinhua SD Fund crisis pulls repo rate to 2-year high
Germany's ascendancy over Europe will prove short-lived Pritchard
Bear Market Collapse Scuttles $3.7 Billion IPO: Corporate Brazil BL
Japan Inc. Sits on Italy-Sized Cash Pile as Abe Urges Investment BL
Without a revamp of corporate governance practices that forces Japan Inc. to deploy its cash pile, it will be tough for Abe to transform the economy...
Casino Money Gibe Turns Into Cyprus Strategy for Economic Crisis BL
Protesters out again in Brazil's biggest city AP
Economist: “...with marchers demanding less corruption, better public services and control of inflation.”
Chinese City With Worst Smog Restricts Car Sales BL
Singapore Smog Hits “Hazardous” All-Time High as Sumatra Forest Burns BL


Bernanke On Soaring Interest Rates: "We Were A Little Puzzled By That" ZH
BL: “...the cost of protecting corporate bonds from default in the U.S. rose the most in 18 months...”   Bond stampede fear...
Emerging markets currencies dive on Fed MW
Lone Dissenter No More: Fed Officials Have Divergent Objections WSJ

U.S. Stocks Fall as Bernanke Says Fed May Pare Stimulus BL
Bernanke Says Fed on Course to End Asset Purchases in 2014 BL FED
Dr. Doom: Buy Gold And These Two Things CNBC
Guide to Fed Decision Day From Statement to Bernanke Press Talk BL
If Bernanke really shakes the tree, half the world may fall out   Pritchard
Central banks are buying $1.8 trillion worth of AAA or safe-haven bonds each year from an available pool of $2 trillion
What Now, Mr. Bernanke? Harrison
Why Bernanke can't win Fortune
Fed May Not Be Able to Tame Volatile Trading CNBC
New China billionaires’ Happy Meditation Guide Farrell
More Pain, More Trouble Ahead Fleck  Bass
Who Are The Real Traitors? JimQ
US Treasury denies it is trying to torpedo Bitcoin Sovereign Man
Headhunter for the Rich Turns on Them NYT
What the utilities sector is telling us Hulbert
‘New Abnormal’ Is the New ‘New Normal’ – but What Is It? Santoli
Everything is Rigged, Vol. 9,713: This Time, It's Currencies Taibbi
Stockman's Non-Recovery Part 1 ~ Part 2 via ZH
Fox commentator paid $50,000 to tout stock MW
State Budget Transparency: A Look Behind the Numbers Brookings
Taken together, state and local governments are estimated to owe up to $4 trillion more than they have set aside for pensions and retiree health care.
Is gold losing its safe haven appeal? CNN
Ron Paul: Gold Could Go to 'Infinity' CNBC
Gold-Bashing Mythology Hits New Crescendo Bullion Bulls
Gagged by Big Ag Mother Jones
Empire State Building gets 'left-field' $2 billion offer to sell Reuters
EU car sales slide to 20-year low Pritchard
House price rises cool down in major cities CDaily FDI in May dropped - Stocks Fall
China Swaps Gain Most in Five Years on Prolonged Cash Squeeze BL
China's fastest-growing cities for millionaires CNN
Banking Commission: Bankers should face jail and lose bonuses Telegraph
Mervyn King outvoted on QE in his 194th and final MPC meeting Guardian
Trade Talks:Deal Could Double German Exports to US Spiegel
ASEAN powers ahead on path of sustainable growth Schroders
Abenomics Mobilizes Japan Homebuyers to Action: Mortgages BL
No. of suicides drops below 30,000 for first time in 15 years Japan Today
China, EU to hold talks on solar row Shanghai Daily

Snowden Is 'Heroic,' Says David Stockman DTicker
Housing Starts and Building Permits Disappoint BeSpoke
Taper Talk: Bonds at Risk – Where to Hide? Merk
The Game of Risk Saut
Bremmer & Roubini Unveil the New Abnormal Institutional Investor
Are Average Investors Better Off Since Crisis? Top Regulator Says: Not Really DTicker
Obama Says Bernanke Has Stayed at Fed “Longer Than He Wanted” BL
While neither the White House nor Bernanke have said definitively that the Fed chairman won’t seek a third term, there have been some signals that the chairman would like to leave.
Abe-Bernanke 1-2 Punch Pummeling World’s Top Carry Trade BL
Roubini: Fed Exit Strategy Will Be 'Treacherous' CNBC
Colleges May Be the Next Burst Bubble Hutchinson
Dow balloon really pinata Crudele
Gold & Silver - w/ David Chapman, Ty Andros & Gordon Long via YouTube
Bonds Versus Stocks - Just Ask Japan via ZH Krugman - Mish
The Real Story of the Cyprus Debt Crisis (Part 2) Smith
Detroit’s Recovery Plan Dips Into Pensions to Keep City Afloat BL
Detroit Recovery Plan Threatens Muni-Market Underpinnings BL
Big Bond Bear Lurks, but Firms Still Love Debt CNBC
Globally, corporate bond issuance has hit $853.8 billion so far this year, up 15 percent from the same period in 2012...This has come even though bond funds have suffered through consecutive weeks of record outflows.
Corrupted credit ratings: Standard & Poor’s lawsuit and the evidence VOX
University sells inside info – small investors screwed NYP
Ex-UBS Trader Hayes Said to Face Libor Charge This Week BL
Hedge Funds Cut Gold Bets as Paulson’s Loss Widens BL
Gold Ratio to Equities Reaches Four-Year Low: Chart of the Day BL
Gold's Neglected Cousin to Face Supply Squeeze CNBC
Jim Rogers: “Thank Goodness” For Gold’s Correction Kitco
Trade deficit at seven-month high as gold imports surge Reuters
Tax raid tarnishes India's gold industry: association Reuters
Chart of the Week: India Declares War on Gold Sprott
China’s Stock Intervention—Expect More Meddling CNBC
Japan on steroids - will it work? DBR
Emerging Markets Briefer - June 2013 Danske
After Turkey, Brazil Hit by Widespread Protests CNBC
Threat to Hong Kong's International Status AS

Putin, Obama face off over Syria at tense G8 summit Reuters

The Price of Distortion Hussman
Permanence Price  Gleanings Saut
Central Banks Failure to Communicate Boosts Bond Yields BL
Markets awaiting Fed meet Keenan
A dark reading of the end of hot money FT (via Google)
Economists Blame Fed for Higher Bond Yields WSJ  It's not just the Fed EB
Are We Headed for Fiscal Oblivion? Minyanville
Fears of New Housing Bubble Full of Air WSJ (via Google)
Outside of a recession, starts haven't been this low since the mid-1960s when the U.S. population was less than two-thirds of today's level.
4 current trends in the housing market Dr. HB
The interest rate effects of government debt maturity BIS
”Old Guys Rule”? Nope. 7 reasons women rise Farrell
The Real Story of the Cyprus Debt Crisis (Part 1) Smith
Russian Cyprus round-tripping: Corruption-linked money laundering VOX
Companies Brace For Scrutiny After Tax Haven Data Goes Public HP
Workers Accuse Bank Of Deliberately Misleading Homeowners HP
How Wall Street Defanged Dodd-Frank Nation
Analysis: Why bankrupt W.R. Grace is thriving Reuters
Fracking fuels water fights in nation's dry spots AP
$100 a Barrel Looms for US Crude This Week CNBC
Fitch says China credit bubble unprecedented in modern world history Pritchard
Economists puzzled by state of economy China Daily
All eyes on Mark Carney's first move as Bank of England's new governor Guardian
Analysis: Japan PM Abe's true test; rising government bond yields Reuters
Big Short on Aussie Tells Loomis Time to Buy BL

Ancient Roman Concrete Is About to Revolutionize Modern Architecture BW

Wall St. Week Ahead: Investors will look to Fed to ease volatility Reuters
Insight: Withdrawal syndrome sparks anxiety for Fed Reuters
“Creditors are being asked to take about 10 cents on the dollar of what’s owed them.” 
Detroit
Economists Are (Still) Clueless Mauldin
Detroit on Brink of Bankruptcy Suspends Some Debt Payments BL
The King of EM Noland
Changing Picture Schwab Market Perspective
The Fed and emerging markets Economist
What If The Secular Bear Market Is Not Over? Harding
Global Views Scotia Global Equity BMO  Buy Or Rent? BMO
Weekly Focus: Markets rattled by soft patch and central bank uncertainty Danske
Yield Forecast Update: Volatility is back Danske
Stunning Images From China: Ten Thousand People Waiting In Line To Buy Gold ZH
Interview: Jim Rogers ... Fusion Embry
Why Is Gold Draining Out of COMEX Warehouses? Weiner
Strategies: Suddenly, Retiree Nest Eggs Look More Fragile NYT
Dad’s Day Is a Whole Lot Busier Than 50 Years Ago CNBC
In Countrywide Case, Watchdogs Without Any Bark Morgenson
Exclusive: Deutsche Bank 'horribly undercapitalized' - U.S. regulator Reuters
Dealing with “Too Important to Fail” Banks Brookings
Richest Plunge $16 Billion, Murdoch Loses Wife No. 3 BL
Younger Households Are Slower to Make Gains in Net Worth Norris
China braces for capital flight and debt stress as Fed tightens Pritchard
Singapore punishes 20 banks in benchmark rate review Reuters
Bond bubble threatens financial system, Bank of England director warns Guardian
Long-Term Look at the Nikkei Swenlin
China Debt Sale Fails for First Time in 23 Months on Cash Crunch BL
Investors can't afford to treat all emerging markets the same Telegraph
Italy's coalition issues package of measures to boost economy FT
Chinese Tycoon Looks to Build Panama Canal Rival AP
Korea Faces Deflation Crisis Chosun

Russia Hits Back at U.S. Over Syria WSJ

IMF urges repeal of 'ill-designed' US cuts Telegraph

U.S. Stocks Fall on IMF Outlook, Warning on Stimulus Exit BL
Consumer Sentiment Declines - Current-Account Deficit in U.S. Widens 3.7% in First Quarter
Analysis: Fed Likely to Push Back on Market Expectations of Rate Increase WSJ  La Monica
Is Abenomics Doomed—or Will Japan Un-Doom Itself? Atlantic
The Investment World Is Flat Kass Why markets are shaking MSN
Household Wealth: Has It Recovered? FRBSL
Global Macro Views: Working through the US soft patch Danske
Lessons of a Greek Tragedy Eichengreen
FX Rates Said to Face Global Regulation in Libor Review BL
An Abundance of Bad Decisions Smith  AAII Sentiment - Volatility - Triple Crisis - A-Man - RB
U.S. Agencies Said to Swap Data With Thousands of Firms BL
B of A's Refi Pitch a Bubble-Era Flashback American Banker
What Wall Street bankers have in common with teenagers CNN
Goldman CEO Blames Economy's Problems On The Media HP
Fears raised over close ties between RBS and top accountant KPMG Inde
Is Gold at a Turning Point? Peak Prosperity  Grandich
Euro zone inflation off three-year lows, fall in employment deepens Reuters
U.K. House Prices Rise to Record as Mortgages Loosen BL
Japanese equities fall as sentiment reverses Schroders
Morgan Stanley Explains The Two Simple Reasons Emerging Markets Are Getting Crushed BI
Now, China Watchers See Growth Below 7% CNBC
Over-leveraged Chinese SoEs causing concern FA
Feeding China Asia Sentinel
EU files WTO dispute on steel measures China Daily
Carney: Bank governor's journey from wilderness to heart of the City Guardian
Merkel Got Taste of Markets From East German Blueberries BL

Jobless Claims Decreased by 12,000 Last Week to 334,000 BL Retail Sales
World Bank Cuts Global Outlook as China Slows BL World Bank
Top U.S. CEOs Expect Slow Economic Growth Ahead WSJ
Sell the Dollar? Case for Hard Currencies Merk
End of Cheap Money:Can the World Handle Higher Interest Rates? Spiegel
Quantitative Easing Withdrawal: How Bad Will it Hurt? Brookings
Global Tumult Grips Markets WSJ
Question for Investors: Bumpy Return to Normal or New Volatility as Central Banks Step Back?
The Dijssel-Bomb Sprott
The Ultra-Easy Money Experiment William White
The real threat to the markets this summer MSN
Broad stock decline  gathers momentum MW Dominos Falling
'These Are Very Scary Times': Dennis Gartman CNBC
John Thain: 2008-Style Crisis Can Absolutely Still Happen BL (via SH)
A Treasury bond buying opportunity triggered by an emerging market storm? CCurrents
New Home Prices Say What’s Different This Time Baum
The Man of Steel and Ben Bernanke Lewis
A wing and a prayer retirement plan MyBudget
Crushing the Middle Class Browne
A Great Sucking Sound: Part 3 Triple Crisis  Mish - Saft
Rival hedge funds hope to feast on SAC Capital redemptions Reuters
IBM’s U.S. Job Cuts Reach at Least 1,300 BL
No Reason to Fear a Housing Bubble Kiplinger
Banks seized more U.S. homes in May, RealtyTrac report shows Reuters
A Rising Star Emerges at Berkshire WSJ
Silver Faithful Taking $5 Billion Hit in Crossfire: Commodities BL
Schiff: Gold Is Going 'to the Moon' CNBC
Asia stocks swoon; Japan, China markets plunge
Nikkei down nearly 22 percent since multiyear high ~ WSJ - “Fear”
Italian showdown with Germany over euro looms closer Kiplinger
As Japan seeks revival, hedge funds bet on horrifying bond bust AP
Yen Surges Past 95 Against U.S. Dollar on Japan Flow Data BL
Emerging-Market Volatility Shows “Herd Mentality” WSJ
Hong Kong Democracy May Lead to Conflict With China, Leung Says BL
Bank of Korea Holds Rate After Cut in May to Fight Yen’s Decline BL
Snowden: US government has been hacking Hong Kong and China for years SCMP
Snowden Is Too Hot for China to Handle BL

Dow Posts First Three-Day Drop This Year on Stimulus Bets BL
Markets Insight: The Fed has turned markets upside down Rosenberg (via Google)
Equities are being sought for income, and bonds for capital gains: a fascinating reversal
Dollar At Risk? Case for Managing Currency Risk Merk
Can Bernanke Avoid a Bond Meltdown? BL
Analysis: Emerging market crunch may cause Fed to think twice Reuters
11 dark trends killing Millennials’ dreams Farrell
Every Major Asset Class Is Overpriced: Analyst CNBC
“It is amazing how quickly bubble behaviors from the last decade have come back”
Wall Street can’t quit Fed addiction Weidner
New Math Makes It Easier to Lower Unemployment CNBC
Gross: All Assets Are Risky, but I'm Buying Treasuries DTicker
Obama still failing as CEO of USA, Inc. Morici
'There Was No Bull----!' Dimon
Traders Said to Rig Currency Rates to Profit Off Clients BL
Employees have been front-running client orders and rigging WM/Reuters rates by pushing through trades before and during the 60-second windows when the benchmarks are set...
Investors Sue Government Over Fannie, Freddie Stock CNBC
Paulson Gold Fund Fell 13 Percent in May to Steepen Loss BL
JPM Vault Gold Drops To Fresh Record Low As Withdrawals Accelerate ZH
How and when will the firm reconcile what is seemingly more demand for JPM vaulted gold than the firm has in its possession?
Platinum: ETF Demand Points to a Price Increase Sprott
Investors love the CEO merry-go-round La Monica
Goldman Loan Backed by Collection of Fine Wine FOX
Behind the Rout in Emerging-Market Stocks BL
Greece Is First Developed Market Cut to Emerging BL
Japan’s Worrying Probability Tree WSJ
What if it's Not an Asian Century After All ASentinel
Netherlands opposes EU solar panel duties China Daily
The rise and rise of the Italian hedgie Warner
Chinese National Gets 12 Years for Pirated Software BL
Clashes Escalate: Turkish Economy Depends on Political Stability AP
Korea Has Most Credit Card Transactions in the World Chosun

Wall Street Ends Sharply Lower on BoJ Policy Reuters
Pimco Sees 60% Chance of Global Recession in Five Years BL
Get Used to U.S. Bond Yields Nearer 4% Than 2%: O'Neill BL
S&P revises U.S. credit outlook to 'stable' from negative Reuters
Panic time for Treasurys? MW
"Thinking About Thinking?" Saut
The End of Growth? Das
Depressing Chart Shows How Workers Are Getting Squeezed HP
Forecast Calls for Volatility WSJ (via Google)
Investors Bracing for More Sharp Swings in Stocks, Commodities and Currencies
How did we get here? A "map" of the Fed's balance sheet's history Sober Look
More to forecasting than neoclassicals and Nostradamus Keen
Fed’s Bullard Says Low Inflation May Warrant Longer QE BL
Fed to taper by fourth quarter: poll MW
"Should The Fed Lose Control, The Downside Move In Markets May Be Terrifying" ZH
Places where homes sell in a day MW
IMM positioning: USD bulls draw their horns in for a while Danske
Citigroup Facing $7 Billion Currency Hit on Dollar, Peabody Says BL
Default Risk for Major US Banks and Brokers BeSpoke
Verizon’s Top Secret Deal With Pentagon Was Made Public in Annual Filing With SEC NYS
GM Stock Sale Brings Government $3.2B This Year AP
Gold Bear Market Seen Extending to $1,303: Technical Analysis BL
Deutsche Bank Starts Gold Vault for 200 Tons in Singapore BL
“We have strong demand from existing clients who are looking to diversify their physical gold assets to Singapore”
Shale Oil Could Fuel the World for a Decade CNBC
Global shares, dollar dip as BOJ disappoints Reuters
What Abenomics tells us about the great bond market asset bubble Warner
Asian currencies hit new lows as Fed fears resurface Reuters
Which of the emerging economies is afraid of higher interest rates? DB Research
Halfway to an emerging bear market Saft
Fitch warns on risks from shadow banking in China Reuters
“It is a wild west atmosphere in many respects and that is one of the reasons why we are so worried”
China state auditor warns over local government debt levels Reuters
China’s Cold Eye on Hot Money Project Syndicate
The Bundesbank Is Playing a Dangerous Game Spiegel
With its opposition to the ECB's bond-buying policy, the German central bank is pursuing a risky strategy that may stem in part from a desire to enhance its own power.
Aussie Falls to Lowest Since September 2010 as Home Loans Slow BL
Exclusive: EU to seek WTO ruling against Chinese steel duties - sources Reuters

Big Banks Bet on Jumbo Mortgages Again CNBC
2009 vs. 2013 Hussman
Taper relief Price
Eurozone: three countries have debt-to-income ratios of more than 300% Guardian
The US is in even worse shape than Greece. Its $16tn (Ł10tn) debt is the equivalent of 105% of GDP, but more than 560% of government revenues...
When the bond bubble finally bursts, a lot of investors will get hurt Bootle
Given Its Highly Risky Balance Sheet, It's Time To 'Stress Test' The Fed Forbes
Housing's Up, but Is Foundation Sound? WSJ (via Google)
How America Lost Its Way Ferguson
Government Spying: Should We Be Shocked? Paul
The Big Shrug Krugman  EB - ZH
When Market Incentives Undermine Morality BL
10 things economists won’t tell you MW
Hedge fund’s wild side: The man who lost $8 billion Salon
On the IMF’s Big Fat Greek Woulda-Shoulda-Coulda BL
Gold Bull Bets Reach Seven-Week High Before Retreat: Commodities BL
Alex Jones Sells Gold on Sirius With Bombing Conspiracies BL
The $75,000 table (chairs not included) MW
Japan current account surplus doubles; GDP revised up Reuters
Bloomberg: Nominal GDP, which is unadjusted for changes in prices, rose 0.6 percent from the previous three months, leaving the economy 7 percent smaller than in the same period in 1997.
In Japan, Abenomics focus is on corporate capex Finance Asia
Give away Ł34bn bank shares to taxpayers, Chancellor told Inde
Yuan loans less than expected Shnaghai Daily
China Downturn Could Be 'Most Drawn-Out' Since 90s CNBC
“Deflation [producer prices] has lasted for 15 straight months, compared with 12 months during the Global Financial Crisis [in 2008-2009]”
Calling time on world’s factory workshop MW

Number of the Week: 140% Increase in Food Stamp Use Since 1990 WSJ


Twenty-Year Anniversary of Market Backstops Noland
Banzai! Banzai! Banzai! Mauldin
Cheap credit has inflated the markets, and we could be in for a crash landing Observer
Trying to solve a debt problem with more debt has created a bigger bubble, and it's hard to see what the central banks can do
The Fed's 'taper' and other fairy tales Fleck
Easy Fed money keeps NY humming, but what happens when it’s gone? Whitney
Gauging U.S. Bubble Risks BMO
Timing the Taper Schwab
New Tools And Mitigating Factors Could Accompany Fed Tapering Scotia
Percent Buy Index Warns of Market Top Swenlin
Which Way For Gold From Here? Harding
Why Wall Street loses its mind every summer Arrends
Unsound Money Means a Corrupt Society G. Long
Weekly Review: Bubbles, Bubbles and Housing Bubbles Hansen
How the Bernanke asset bubble ends DailyWealth
Global Views Scotia Global Equity BMO
Weekly Focus: Europe delivers the good news Danske
For Retirees, a Million-Dollar Illusion NYT
U.S. Household Worth Tops Pre-Recession Peak for First Time BL
The confidence game in housing Dr. HB
The return of irrational exuberance to Las Vegas MyBudget
As Home Sales Heat Up Again, Buyers Must Resort to Cold Cash NYT

Some Baby Steps on Money Funds Morgenson
Warren Buffett's Berkshire eying Unipol insurance assets: report Reuters
Want to Fix Social Security? Use the Right Wrench NYT
US, China Seek 'New Model' Between Two Superpowers CNBC
China May Industrial Output Rises 9.2%, Trailing Estimates BL
Cross-border yuan settlement surges China Daily
China Export Growth Plummets Amid Fake-Shipment Crackdown BL
China sees rising perils of bad loans China Daily
Hollande says EU, China must resolve trade disputes Shanghai Daily
Is 100pc reserve banking the solution to all our problems? Warner
Hollande tells Japan the eurozone's debt woes are 'over' DW
The Work of North Korea's Art Factory BW

“People are wary of once again feeling that it's not going to work. I can't tell you the mass of clients who said 'I put money into the market in 2003, 1999,' failure, failure, failure”
CNBC

Treasuries Slide as U.S. Jobs Data Sustain Wagers Fed May Taper BL
The Wisdom of Crowds Absolute
The Stock Market Is Topping Out Comstock
Investors Pull Record $12.5 Billion From Bonds, Citigroup Says BL
Austerity Principles, or How to Save an Economy in Crisis BL
Easy-Money Addiction Could Hurt Performance WSJ
The Fed has cut back on stimulus twice before in the past three years. Each time, the market hated it.
Quantitative Quicksand Meltzer
Falling Inflation Expectations Duy  Smith
$1 Trillion Debt Crushes Business Dreams of U.S. Students BL
Global Real Estate Trends Scotia
How the Robots Lost: High-Frequency Trading's Rise and Fall BW
Fannie Mae and the Hedge-Fund Bet Weil
Both companies’ common shares are up more than sevenfold this year, in yet another sign the capital markets have gone haywire.
Home Loan Rates Near 4% Send Buyers Scurrying BL
Fewest Hedge Funds Invest in Gold Since 2010 as Assets Fall 31% BL
India Move to Douse Gold Demand Unlikely to Succeed BL
Drillers Silence Fracking Claims With Sealed Settlements BL
Hear Bono Sing to Warren Buffett CNBC
Olli Rehn should resign for crimes against Greece and economics Pritchard
Bundesbank cuts German growth outlook Guardian
ECB says eurozone recession will deepen this year G
The Mystery of Why Portugal Is So Doomed Atlantic
Specter of Another Bond Crash Spooks Asia Pesek
Canadians get the message on saving more, borrowing less G&M
China's economy might be No 1 in 2030 China Daily
China: The Dark Side of Growth YALE
Secret Intelligence Fuels U.S. Hacking Fight With China BL
Brazil’s BBB Rating Outlook Cut to Negative by S&P on Weak GDP BL

Yen Rally Sends Shock and Selling Through Markets CNBC
At one point, the U.S. dollar lost about 4 percent to the Japanese currency as the pair trade tumbled through its 50-day moving average.
Soros shorting yen, buying Japan stocks: report MW

Margin Buying Surpasses 2007 Danger Levels – Is Another Market Crash Coming? MMorning
'Dangerous Divergences' Between Bonds and Stocks Dorsch
Market Pullback Could Finally be at Hand CNBC
Will the Dollar Drag Dow Down Further? CNBC
AP survey: Economists see no stock market bubble AP
Investors uneasy over Fed’s next move AP
Can the Fed Make Up Its Mind on QE? Baum
Wall Street Building a Housing Bubble? FOX
The REAL Reason Housing Prices Have Skyrocketed Wash Blog
A a different kind of housing bubble? Dr. HB
Are We on the Brink of Another Housing Bubble? Fool
Surging home prices fuel fears of a new bubble Seattle PI
Watching for a Possible Housing Bubble -- Again... Yahoo
First Quarter Hourly Compensation Plunges 3.8%, Most on Record... Mish BLS
$179,000 Each--In Debt Smith
Senators renew push against China currency 'manipulation' despite yuan's rise Reuters
To the frustration of many lawmakers, the Treasury has not cited any country for currency manipulation for two decades
IMF admits: we failed to realise the damage austerity would do to Greece Guardian
SEC moves to tighten regulations on money market funds Reuters
SAC: We Will Survive 'Significant' Redemptions CNBC
Analysis: Buffett utility deal may signal big push to invest cash Reuters
Madoff: Don’t let Wall Street scam you, like I did MW
Bancorp sued over 'Midwest Madoff' brokerage accounts Reuters
US v. Apple could go to the Supreme Court Fortune
Bilderberg: The most exclusive, secretive schmooze-fest in the world G&M
Spam doubles as bull market returns CNN
The culprit appears to be the booming stock market
Are gold and silver close to bottoming? CNN
The Abenomics effect deflates Saft
Emerging markets displace Europe as fulcrum of world risk Pritchard
This is not your 1990s housing market G&M
China Vanke Chairman Says Country Faces Risk of Property Bubble BL
China Blogger Questioning Home Prices Taken to Tea Party BL
China has more cards to play in EU trade dispute: People's Daily Reuters
China's Investment Foray Into Indonesia   Asia Sentinel
EU put eurozone safety before Greece during bailout, IMF says Telegraph
Bankers bash themselves as survey reveals toxic culture Inde
Japan dotcom jailbird back in business AFP
Brazil Tax, Interest Rate Moves Signal A Pragmatic Shift WSJ

Japan keeps slipping, some sectors already in bear market MW

Wall Street Closes Sharply Lower, Dow Breaks Below 15,000 Reuters
Fed Survey: Growth Improves Modestly Throughout U.S. Reuters  Beige Book
Companies add more jobs but growth disappoints Reuters
Doomsday poll: 87% risk of stock crash in 2013 Farrell
Fed poised to evaluate bond buys, 'fine tune' tactics: Fisher Reuters
The Threat to the Central-Bank Brand El-Erian
Low Interest Rate Addictions Pento
The Fed's Zero Interest Rate Policies Amount To A War On Jobs Forbes
Following the Fed to 50% Flops Mauldin
UCLA Anderson Forecast paints dismal picture of economic recovery LAT
“It's not a recovery. It's not even normal growth. It's bad”
Omissions of the Omen: "Hindenburg Omen" and the Selloff Last Week Sonders
The Demise of Money and Credit American Spectator
A Great Sucking Sound: Part 2 Triple Crisis  Mish - EB - Surowiecki
JPMorgan’s Alabama Debacle Set to Cost Bank $1.5 Billion BL
Smithfield Pork, Bangladesh Textiles, and the Cost of Cheap BW
3 value stocks the smart money is buying now MW
Apple Loses Its First Big Patent Ruling BL
Shuanghui’s US acquisition highlights pork war Finance Asia
Steve Martin Lists St. Barts Villa for $11 Million CNBC
Here's What Happens When Protesters Stand Up To Abercrombie HP
RBI bans gold imports with bank credit Economic Times
Gold Still Gleams for China's Miners WSJ
Japan stocks sink  as Abe's growth blueprint revealed MW
Special Report: Japan Boldly Resets Its Economy Wharton
China services growth modest, adds to economy concerns Reuters
Real estate sector at crossroads China Daily
The Threat to the Central-Bank Brand YALE
EU Hits China With Solar-Panel Duties in Dumping Dispute BL
The EU’s action “is an emergency measure to give life-saving oxygen to a business sector in Europe that is suffering badly from this dumping”
Solar duties risk China-EU trade ties Xinhua
China launches EU wine export inquiry as trade war fears grow Guardian
Is the euro a foreign currency to member states? VOX
Syrian army captures strategic border town of Qusair Reuters

Fed’s George Calls for Reducing QE Citing Risk-Taking BL
Dr. Doom Marc Faber: Don't Bet on New Market Highs CNBC
Wounded Heart Gross
Deus Ex Machina Things That Make You Go Hmmm...
Danger Ahead: Easy Money Is No More TheStreet
You thought central bank money printing was at an end? Don’t bet on it Warner
What the markets are trying to tell us El-Erian Harrison
More evidence the very heart of the US economy is failing AEI
"Never on a Friday" Saut
Will the Crash Be This Year or Next Year? Hutchinson
18 Signs That Massive Economic Problems Are Erupting All Over The Planet ECollapse
Calm before a deathly debt storm Keen
Echoes from the Summer of 1929 Ackerman Long & Smith - MyBudget - RB - Smith
U.S. wealth chiefs to investors: Come back to stocks Reuters
Dr. Boom'? Roubini Sees Two Years of Stock Gains CNBC
Economically, Could Obama Be America's Worst President? Ferrara
Solar Wars Threaten Climate Fight Triple Crisis  Household debt
IMM positioning: Investors record long USD Danske
Behind the Rise in House Prices, Wall Street Buyers NYT
Whale of a Trade Gone Awry Revealed at JPMorgan BL
What
the documents show is that Dimon presided over a company whose traders amassed growing positions in complex derivatives and whose executives offered rosy forecasts, withheld information from regulators and ignored risk limits that were breached 330 times in the first four months of 2012.
Jamie Dimon's $5 billion bet against bonds Fortune  Rajaratnam's brother
Why Didn't the SEC Catch Madoff? It Might Have Been Policy Not To Taibbi
Insight: Corbat faces ghost of Weill's deals in Citi's machines Reuters
Bank of America $8.5 billion mortgage settlement case opens Reuters
SAC may cut staff, offices as probe pushes investors away Reuters
Gold Holds Advance After Climbing Most in Two Weeks on Stimulus BL TIPS & Gold
Redemptions in the GLD are, oddly enough, Bullish for Gold Sprott

Merkel Maligned: IMF Board Attacks Euro Crisis Management Spiegel
Research Euroland: Fact Book Spain Danske
A coming boom in the eurozone periphery? (technical) Pritchard
Abe says won't flinch at volatile Japan market AFP
Exclusive: Abe to urge review of Japan's public fund strategy - sources Reuters
Japan Fails to Plow Yen Profits Back Into Capital Spending BL
Russia RTS Gauge Drops 20% From Year High, Set for Bear Market BW
China Crisis Is Good for the Global Economy Pesek
Property prices rising in major cities China Daily

Manufacturing in U.S. Shrinks at Fastest Pace in Four Years BL
Following the Fed to 50% Flops Hussman
It’s certainly true that favorable monetary conditions are helpful for stocks, on average. But that average hides a lot of sins.
Global economy balanced on a pinhead Xie
Why we write Price
America the Quitter getting whipped by China Farrell
It's all one trade Fleck
Bonds Tumble Worldwide as Stocks Reach Highs on Growth Optimism BL
CNBC: Global junk bond issuance is at record highs this year—and thus at the greatest danger should yields start rising.
The Social Cost Of Capitalism Roberts
Bernanke: “Don't be afraid to let the drama play out” Reuters  Speech
BIS Quarterly Review June 2013 BIS
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Markets under the spell of monetary easing BIS
Cecchetti: “With the outstanding volume of government bonds greater than ever, interest rate risk — expressed as potential losses in relation to GDP — is at a record high in most advanced economies”
A Great Sucking Sound: Part I Triple Crisis  Smith - Mish - Ritholtz
Is Social Security running out of money? EB
Illinois credit concerns rise after failure to fix pensions Reuters
BIS lays out "simple" plan for how to handle bank failures Reuters
SAC Insiders Said to See Most Client Cash Gone by 2014 BL
Barclays Pulled Into US Money Laundering Probe Reuters
Gold Advances as Investor Outflows Slow, Dollar’s Rally Stalls BL
Silver shorts play a dangerous game MW
What doesn’t glitter may be gold MW
Brent Crude Drops Below $100 as OPEC Maintains Production Target BL
China PMIs highlight economic momentum slowing down Reuters
China May Home Prices Jump, Defying Tightened Curbs BL
ECB's Draghi says euro zone on track for "very gradual" recovery Reuters
Housing bubble set to pop: Home-owners hit by economic slowdown as experts predict 20 per cent drop in sale profits Daily Mail
London parties like it’s 2007 Arends
Commentary: Do soaring real estate prices point to recovery or bubble?
China Defies U.S. and Japan, Asserts Rights to Disputed Seas BL
Roach: “Investors are starting to believe that if there's no follow through in structural reforms then this program [Abenomics] is not going to get traction”
A shot in the arm for Japan's economy? Aljazeera
Most Listed Korean Companies' Profits Dwindle Chosun
Emerging Market Dominoes to Fall as SocGen Sees Rout   BL
Turkey faces market turmoil after riots Telegraph
Insight: North Korean economy surrenders to foreign currency invasion Reuters
On the black market the won has shed more than 99 percent of its value against the dollar since the revaluation

Jobs Trump All Else on Wall Street Next Week CNBC
Central Bankers Gone Wild Mauldin
It's Going to be Another Interesting Summer Noland
Don't Let Them Fool You, We Still Have Debt Problems Brookings
Treasuries Loss Is Biggest in 3 Years as Fed Mulls Tapering BL
NYSE asks SEC to reinstate volatility curbs Reuters
Copper-SPX Disconnect ZEAL
Treasuries’ Fantastic Five BMO
After the Gold Rush Roubini
Global Views Scotia Global Equity BMP
Weekly Focus: Fed exit moving closer Danske
Quantity Over Quality in Bank Profits Morgenson
There are still too many problem banks Fortune
Gates Widens Lead Over Slim as Richest Lose $27 Billion BL
On sale now: Canada’s gold reserves G&M
“We’re trading at a bit of a discount. We aren’t exactly sure why”
Commodity boom: The smartphone’s global price war G&M
Commodities Update - OPEC split below the surface Danske
This dividend fund is likely to chop its monthly payout again G&M
China’s Manufacturing Expansion Exceeds Analyst Estimates BL
China’s Economic Empire NYT
How much longer can China grow? Ask an actuary G&M

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