Still Home Sick Shilling
Beware if this market goes off its meds MW
The Argument Against a Market Top Schaeffers Plantar Fasciitis? Saut
Have We Underestimated the Likelihood & Severity of Zero Lower Bound Events? F
Monetary Watch May 2011, QE III courtesy of the private banks Pollaro
Hugo Salinas Price - QE in US Will Lead to Utter Destruction King World
Market Volatility Increases as the End of QEII Approaches Wells Fargo
Alford on Lessons Forgotten at the Greenspan/Bernanke Fed Risk Analyst
The Federal Reserve’s Real Mandates Pollock
Inflation Data:  Actual vs. Fed's Forecast NTrust
HSBC expects Chinese currency to threaten dollar Korea Times
Meaningless ‘strong dollar’ WP
Buffett’s silly talk about the U.S. debt MW
No Guarantee Debt-Ceiling Deal Will Get Done WSJ
The Good, The Bad and the Ugly - Part 3 JimQ
Junk continues to lead the market Hulbert
What’s all this talk about deflation? Black Swan Smith - BeSpoke - Baker - Schiff - MB
Are we on the verge of a new round of deflation as optimism from rising asset prices and economic recovery figures fades? 
Real-estate nightmare looms for retirees MW
IMM positioning: Investors remain long in the euro - even post correction Danske
Is America mis-thinking its 21st century trade strategy? Part 2 VOX
Confidential Federal Audits Accuse Five Biggest Mortgage Firms Of Defrauding Taxpayers HP
LED bulbs hit 100 watts as federal ban looms AP
The development may not prevent consumers from hoarding traditional bulbs.
Buffett reaches for Mastercard CNN
Former Loan Officer Turns to Rap: ‘Greed Is Good NYMag
Soros Dumped Most of Gold Stake: SEC Filing Reuters
Gold Coins Show Bull Market Unbowed in Commodities Decline BL
Gartman: 'Smartest People' Getting Out of Commodities CNBC
Breakdown: Commodities Tumble ... For Good? Sonders
No more free lunch for commodities investors   MW
Commodities Forecast Update - Sell-off but upside risks remain in place Danske
Commodities bloodbath ‘nothing to fear,’ mining tycoons say TStar
U.S. Wheat Harvest May Be Worse Than Forecast BL
The Fall of the Global Economy's Top Steward Spiegel  IMF chief denied bail
Portugal Bailout Approved, EU Presses Greece BL
A colour-coded guide to the Greek crisis FT Alphaville
A Loan and a Prayer Roubini
Europe cannot afford to continue throwing money at insolvent eurozone members and pray that growth and time will bring salvation.
Spain shies away from Irish-style bad bank Reuters
BOJ warns economy in severe state, beating deflation not enough Reuters
Foreign Investment in China Climbs 15% BL
Housing market still feels the chill Shanghai Daily   3.5% Decline
China says EU gives subsidies SD EU president calls for level field with China AFP
Energy crunch looming China Daily  China's New 'Ghost Cities' via HP
China Buyers Make Vancouver Pricier Than NYC BL
Canada: housing starts expected to decline in 2011 NB Financial
Patchy economy won't stop RBA hike Australian
Saudi investors warned against fresh debt trap Arab News
The Complicated Hunt for Gadhafi's Billions Spiegel


Manufacturing in New York Cools on Material Costs BL
Hanging Around, Hoping to Get Lucky Hussman
Americans shed mortgage debt at record pace CNN
Geithner Predicts Double-Dip if Congress Fails to Lift Debt Ceiling National Journal
Obama: If investors “thought we might renege on our IOUs...it could unravel the entire financial system”
Unhinged Price
Economic Fears Boost Treasuries Forsyth
Why the Job Market Feels So Dismal WSJ
The U.S. is becoming a 'server nation' CNN Video
‘We can no longer live beyond our means’ FP
China: The New bin Laden Roberts  Krugman Krugman Sameulson - EB - Keen - Hugh - Mish
Fair-trade coffee fix National Post
Banks, pension funds bid for TMX Group G&M
Nasdaq Drops NYSE Bid, Clearing Way for Deutsche Boerse BL
Chinese internet IPOs lose their sheen Finance Asia
Some investors now fear a repeat of the late-1990s tech bubble, arguing that valuations are unrealistic given the uncertainties about these companies’ long-term profitability...

IMF board postpones meeting on Strauss-Kahn arrest Reuters
IMF chief's arrest costs Europe key ally in Greek debt talks Telegraph
European Debt Talks Turn Murkier WSJ
Fox: Paul, who makes no secret about his disgust of IMF policies, said Strauss-Kahn demonstrates why the Fund has problems.
The Greek debt crisis: The ECB’s three big mistakes VOX
The UK's monetary independence is a blessing for the eurozone King
Rising Self-Interest Frays EU Spirit Spiegel
The financial crisis has split the continent, and "me first" has become the new credo...
’Lightning Bolt' for French Politics WSJ
Exclusive: Salaries for top executives are rocketing 'out of control' Independent
The secret empire behind the city's newest billionaires Independent
Japan’s Machinery Orders Unexpectedly Rose in March BL
Fears over mortgage rate hikes keep buyers at bay Standard
Most Chinese billionares are self-made China Daily
Japan widens evacuations outside plant zone AFP
Japan officials deny asking for Tepco loan waiver Reuters
Number of the Week: Foreign Banks Bet on China WSJ


Israel-Palestinian violence erupts on three borders Reuters
Real estate, retail in focus next week MW
IMF's Strauss-Kahn in custody over sexual assault MW
Kicking the Can to the End of the Road Mauldin
Why Bill Gross is Wrong...In the Short Term Puplava
Market Is Missing Big Picture On Inflation Threat: El-Erian CNBC
“This is not transitory, guys, this is hurting me”
Kicking The Can! Harding  Noland
Investors Say Tax Hike Needed to Cut Deficit BL
Medicare, Social Security Funds Expiring Sooner, U.S. Says BL
Why I'm Buying Goldman Now Kass
Dollar-Weighted Volume Line Swenlin
FX Forecast Update: Euro sold in May, but dollar weakness here to stay Danske
A Jobs Recovery Is Happening Faster for Some Countries Than Others Norris
Bonfire of the Real Wealth Armstrong
Weekly Focus: Debt crisis intensifying Danske Global Views - Global Equity
California's Tax Revolt—In Favor of Higher Rates WSJ (Complete via Google)
Flood wreaks havoc with Mississippi economy CNN
Chained but untamed Economist
The world’s banking industry faces massive upheaval as post-crisis reforms start to bite.
A Low Bid for Fixing a Big Mess NYT (Morgenson)
Money market funds are still an accident waiting to happen Independent
Another digital gold rush Economist
Buffett's Jets investigated Telegraph
Silver Near-Crash ZEAL
Margin hikes threaten your silver, gold, oil stake MW
Cooling it on energy, commodities G&M
High Gasoline Prices May Be Dampening Spending Wells Fargo
Battle for Arctic oil intensifies as US sends Clinton to polar summit Guardian
Euro Drops to Six-Week Low Versus Dollar Before Ministers Meet on Greece BL
The euro zone’s conundrum: A two-speed economy G&M
European Bailouts: Unhappy One-Year Anniversary BMO
German Economy Eclipses Pre-Crisis Levels Spiegel
Producer prices scrambling back to pre-crisis level fast DBResearch
Greek crisis forces thousands of Athenians into rural migration Guardian
Vietnam police arrest 56 Asians for fraud: report AFP
Cost of food leads to record city prices China Daily
China hits out at Clinton over rights criticism   AFP
Pakistan May Withdraw NATO Transit Facility Over Drone Attacks BL


U.S. Consumer Prices Rise 0.4% on Fuel, Food Costs BL
Michigan Consumer Sentiment Index Rose to 72.4 in May BL
Niall Ferguson's 4 Reasons Why US Dominance Is Over CNBC
Mortgage rates at 2011 low, but many won't benefit AP
Part 2: Time To Be Serious (and probably too early) Once Again Grantham
Goldman’s O’Neill Sees Investors Missing Stock Rally on ‘Black Swan’ Fears BL
Obama, Senate GOP meet as debt crisis looms CNN
The deficit spending storm we cannot avoid WT
Americans Oppose Raising Debt Ceiling, 47% to 19% Gallup
Slipping and stalling with housing Boston Globe
It has been five years since the housing bubble peaked, and despite all that effort from the feds, prices are still bumping along the bottom
20 Wacky Statistics About The U.S. Real Estate Crisis Economic Collapse
How Lowering the Cap for U.S.-Backed Mortgages Will Affect Buyers NYT
Bair sees millions of 'infected' foreclosures Fortune
Housing Losses Are a Financial Disaster Smith
FDIC’s Bair Says U.S. Money Funds “Highly Unstable in a Crisis” BL
“Money-market funds are maintaining a fiction of a stable” net-asset value”
Las Vegas looks a lot like the new Detroit MW
Last year Nevada reported its first population decline in 90 years
What Would Really Bring about a Dollar Dive? EB
Why have no executives gone to jail for their roles in the financial crisis? Lowenstein
The People vs. Goldman Sachs Taibbi
Rajaratnam and Reasons to Be Glad Trial Ended BL
U.S. banks are still in the dumps   G&M
3 Dow stocks that are in a slow death spiral MW
Tim Hortons blames Roll up the Rim G&M
Erin Burnett’s exit will make CNBC even duller MW
Glencore CEO blames speculators for commodity price slump Finance Asia
Australian Uranium output to double in four years Dow Jones
Food Prices and Inflation in Emerging Markets FRBSL
Americans Turn to Credit to Deal With High Oil Prices WSJ
China May Limit Rate Increases After Raising Reserve Ratio BL
Reserve requirement ratios raised to record high by PBOC China Daily
Down-Under Hypocrites Bet All on China’s Boom Pesek
Damage Control Isn't Good Enough to Save Europe Spiegel
This dilemma is admittedly difficult to resolve, but Merkel isn't even trying.
Eurozone crisis is still dangerous, IMF warns Independent
Research: Greek debt restructuring difficult to avoid Danske
The Full Brady Eichengreen
Financial markets are increasingly certain that a Greek debt restructuring is coming. Fortunately, there is a way to avoid the worst
The eurozone's journey to defaults Wolf (Complete via Google jump)
Japan’s Most Important Banker Sees Only Bubbles BL
In Japan, Car Sales Surge — Imported Cars, That Is WSJ
Japan to Aid Tepco Compensation for Nuclear Crisis BL
Bad bank to buy up 1 trillion won of soured loans Korea Times
Lenders are trying to salvage as much as they can from their non-performing assets...


BRICs start to crumble Barron’s
Consumer Comfort Declines as Gas Prices Climb BL
Retail Sales in U.S. Rise on in Fuel, Food Spending BL J-Claims Drop
Economists Trim Growth Outlook, See Steady Fed Reuters
Bernanke Says Fed to Propose Financial Rules BL Testimony
Investment Flash: The Collapse of Leverage Lamont
Dollar in graver danger than the euro FT
Imagine a country that spends and prints trillions to patch up any problem.
Poll: China’s Yuan Convertible by 2016 BL
Treasury Auctions To Take US Over Debt Ceiling On Monday Dow Jones
Why Geithner won't be selling our gold CNN
On Housing, There Will Be More Lean Years Ahead WSJ
Expect another 10 years before U.S. housing prices return to their 2006 highs.
The Myth of Homeownership Wealth Creation Reason
A Recession is Coming But Not Yet Rubin
The bubble that is still popping MB Dr. HB - Smith - Russell - Harrison - Crudele - Panzner
Is Another Global Financial Crisis Looming? Weiss
U.S. Debt Crisis Exposes Oz Behind Tax Pledge Carlson
U.S.-China Strategic and Economic Dialogue Startfor
At Hedge-Fund Confab, Fear and Loathing WSJ
Some at the conference said the verdict helped spook the markets on Wednesday.
Red Flags For Chinese ADRs IBT
More Hedge Funds Head to Singapore BL
Buffett's Biggest Missteps Investopedia
J.P. Morgan's hunt for Afghan gold Fortune
Add Silver to the List BeSpoke
Solar Power Prospects NCPA
Oil CEOs on the Hot Seat WSJ
Oil speculators: Manipulators or savvy investors? DF
Special report: What triggered oil's greatest rout Reuters
Is nuclear energy derailed? G&M
Investors Shifting to Cash From Commodities BL
China Orders Banks to Set Aside More Cash BL
Why the Chinese Should Fear HyperInflation CNBC
China’s M2 sees slowest rise in 29 months Shanghai Daily
Middle class appetites drive China food inflation AP
China’s Economic Colonization Goes Down Under BL
Euroskeptics dig in as bailout costs balloon G&M
Greeks Strike Over New Austerity Proposals WSJ
Greeks Blaming Speculators Sure Sign of Panic Weil
Ireland is Headed for Bankruptcy – says a man who knows Global Speculations
Debt Crisis Could Still Spread Across Europe, IMF Says HP
UK growth to slow and prices to rise, Bank of England warns Telegraph
Fixing Japan’s Fiscal Mess Diplomat


Galleon’s Rajaratnam Found Guilty in U.S. Insider-Trading Case BL
Trade Deficit in U.S. Widened in March on Oil Imports BL
Forbes predicts return to gold standard within 5-years HE
Rival Currencies Take Aim at Dollar's Dominance Spiegel
The dollar is losing its position as the world's leading currency...
This Nasty Catalyst Will Take Down Stocks Kass
'I Will Be Shorting US Bonds': Jim Rogers CNBC
Bill Gross: The leader Treasury, Fed needs Farrell  Gross: The Vigilante Atlantic
Some at Fed tap Tony the Tiger to talk inflation Reuters
US Forecast Update: Slower Growth in 2011 Morgan Stanley
Rent or Buy, a Matter of Lifestyle Leonhardt
The Global Dollar Dump Is Already in Progress Pt 2 Phoenix
Microsoft’s $8.5 bln Skype price is in the cloud Beales
Paulson in line for $726m payout on Lehman debt Independent
Global Auto Report Scotia
Warren Buffett to appear on 'The Office' MSN
Gold timers finally throw in the towel Hulbert
China’s Commodity Deals Dropping BL
Silver ETF short interest dived ahead of silver plunge Reuters
Commodity market puts squeeze on margin trading G&M
Too early to call a bear market for copper Reuters
China's April inflation higher than expected Reuters
China’s auto sales posted its first annual decline in 27 months... Shanghai Daily
Italy Next to Seek EU Bailout: Wealth Manager CNBC
Europe needs a debt jubilee Saft
Greece and the euro - Bailing out the bail-out Economist
Greece pressured over asset sales Times
UK Research: Ten good reasons why the BOE will keep rates unchanged in 2011 Danske
Bigger Troubles for Indian Micro Credit Asia Sentinel


Cost of U.S. Imported Goods Rose More Than Forecast in April BL
Small-Business Pessimism Deepens WSJ
PIMCO raises bet against U.S. government debt Reuters
Me, Lord Marlboro and the Dow!? Saut
Long-Term Inflation Risks Wells Fargo
The risk of U.S. default Morici
Policymakers learn a new and alarming catchphrase FT-Tett
”Prescient” economic indicator is bullish Hulbert
Dodd-Frank and Housing Finance Reform AEI
A Cure That's Worse Than the Disease
Volker: Deficits pose real danger to economic stability Reuters
“I will put the point bluntly. It is simply unrealistic and irresponsible to believe budgetary balance can be achieved without higher revenues relative to GDP.”
Are Michigan and Illinois like Greece and Ireland? VOX  Smith
Rear-View Mirror Can’t Forecast 2011 Economy Baum 2
U.S., China Pledge to Address Currency, Financial Issues BL
"Have Acquisitions of Failed Banks Increased the Concentration of Banking Markets?" FRBSL
IMM positioning: EUR/USD sell-off likely driven by position unwinding Danske
Microsoft nears deal to acquire Skype WSJ
Dodd-Frank Dissenters Sound Off Sorkin
Oil slides as much as 2 pct after CME hikes trading margins Reuters
Gold Trade Is Only Winner in Inflation Attack Pesek
Hi-yo Silver, away! Kellner
The Relatively Poor Performance of Gold Stocks, 1976-1980 and Now Saville
Jim Grant Calls for Return to a 'True Gold Standard' Seeking Alpha
Sugar Imports by China May Surge 35%, ANZ’s Deane Forecasts BL
Commodities Will Be Banking’s New Battleground Lynn
Food Fears Return Project Syndicate
ECB Rejects Restructuring as Greece Struggles to Repay Debts BL
Greece angered by S&P rating cut Telegraph
“Decisions by ratings agencies must be based on objective data...When such decisions are based simply on rumours, their validity is seriously cast in doubt”
S&P: “We have a recovery rating on Greece which is 4, which implies that under a default scenario we would expect a haircut of between 50 and 70 per cent”
Dennis Gartman: Early Stages of EU That's Falling Apart CNBC
China Has Bigger-Than-Forecast $11.4 Billion Trade Surplus BL
China's Currency and Trade Balance: Two Pictures EB
PBOC to gauge debt demand Shanghai Daily
The Ease of Sleaze in Hong Kong Asia Sentinel
Insider trading netted millions for corrupt CEO Shanghai Daily


Smart money betting against China: Zuckerman Breakout
Greenspan 'betrayed' Ayn Rand and ruined economy: Rand Institute President Daily Ticker
Fed Says U.S. Household Debt Increases 0.3% in First Quarter BL FRBNY
More Evidence of Double Dip - Home Prices Plunge Reuters  Dr. HB
The Menu Hussman
Rising Global Interest Rates Create Headwinds Hester
Plain peaking Smith
Prosperity, Depression, and Progress American
Some See Bond Boost At End Of QE2 WSJ (Complete via Google jump)
Why America’s “zombie consumers” won’t be coming back to life soon G&M
Does dollar strength herald another crash? Brimelow
Corrigan On The Inflationary Diabolus Ex Machina... Via ZH Keen - Smith - Mish - Panzner
For the young, there’s a silver lining in the housing bust Samuelson
Why are reserves so big? And who is to blame? VOX
About 1 in 7 in U.S. Receive Food Stamps VOX
Why junk bond rally should be cheered -- and feared AP
Junk has gained 55 percent the past two years, 5 percentage points more than stocks
How Long Will the Tax Break on Municipal Bonds Last? WSJ
Chinese Internet firms rush for US IPO Xinhua
Seven Stocks Look Like Prime Takeover Targets Dorfman
Amtrak, 15 states get Florida's $2B in high-speed rail money AP
Gold May Advance as Investors Return After Last Week’s Rout; Silver Gains G&M
Reasons not to fondle your gold FT (Complete via Google jump)  Butler
“I have my doubts that this moment is comparable to the late conversion of the Carter administration and the Volcker Fed to a strong dollar and tight money.  This administration and this Fed are, respectively, not that desperate and not that principled.”
Behind the commodities rout: China's moves to harness inflation G&M
Commodity Hedge Fund Loses $400 Million in Selloff FT
China’s polysilicon back in the sunshine Caixin
Gas hits $4 mark, near all-time high CNN
Goldman Sees Commodity Recovery as Slump Erases $99 Billion BL
What’s the Difference Between Onions and Corn? No Speculators WSJ
New primer on excessive speculation in agricultural commodity markets LATP
Greek Debt Rating Cut to B by S&P on Restructuring Concerns BL
Euro Holds No. 1 Spot as EU Shows Resolve on Greece Debt BL
Weinberg: “We expect an eventual multi-year restructuring of both Greek and Portuguese bonds, and probably Ireland’s bonds too.”
Ireland Reportedly Expects Debt Restructuring Within 3 Years Reuters
Roubini Says Euro Exit Beats Recession: Report CNBC
Renminbi hits news high against US dollar Xinhua
U.S. Will Urge China to Boost Interest Rates in Washington Talks BL
China's rising wages propel prices WSJ
“This idea that we have moved from an era of easy deflationary environment to one of inflation is correct”
China’s yuan settlement problem MA
Debt woes as firms struggle to sell properties Shanghai Times
“In order to have more cash on hand, property developers may adjust their prices and adopt fast sales strategies to launch more new property projects in the coming months”
Inflation expectations climb to 29-month high Independent
More Private Investors Try Their Luck in Forex Margin Trading Chosun
Global economy is fragile, warns BHP Dow Jones


Week ahead: Commodity prices front and center CNN  CNBC
The ECRI Weekly Leading Index: A Second Week of Fractional Decline Dshort
Muddle Through, or Crisis? Mauldin
Florida bank is 40th closed in 2011 AP FDIC
By this time last year, regulators had closed 68 banks.
The Gilded Age of Speculative Trading Noland
US Dollar Bear Rallies 2 ZEAL
Don't Be Fooled By The Jobs Report! Harding
If You Have the Answers, Tell Me NYT (Mankiw)
Sovereign Debt Crisis: Will the Third Falling Domino Topple a Fourth? EW
Nixonomics at the New York Times North
Fears and Failure Krugman  MyBudget
Fannie Mae seeks $8.5 billion more in federal aid AP Fannie’s bailout nears $100 billion
The Underfunding of State and Local Pension Plans CBO
Citigroup 10-for-1 Reverse Split Swenlin
Global Views - Weekly Focus - Global Equity
High-Frequency Traders to Face More SEC Scrutiny, Chairman Schapiro Says BL
If Mortgage Fraud Was Rampant, Why Aren't Criminal Charges? FOX News
Moving the Goal Posts on Pay NYT (Morgenson)
Behind the commodities rout: China's moves to harness inflation G&M
Investors pull money from commodity-sector funds MW
'Smart money' left silver trade months ago MW
Hedge funds, other large players cooled speculative bets before metal’s crash
Silver ETF Has $1 Billion Outflow - Worst Week Ever Reuters
Silver’s Destiny with 200 Puplava
With the Dollar in Turmoil, Two Debates on Gold Captivate Manhattan NYSun
Oil crash pits floor veterans versus computer algorithms Reuters
"If you'd followed conventional wisdom... you would have got killed"
Oil price collapse pays off for one speculator CNN
What is the oil tipping point? BMO
Food Inflation Still a Worry Despite Commodities Selloff Reuters
Ireland to get 'loan rate drop' BBC
Stronger yuan does not hurt forex reserves Xinhua
EU Finance Chiefs See More Aid for Greece, Reject Euro Exit BL
Secret Greece debt restructuring talks held Telegraph
Ministers Meet To Study Fixes On Greek Debt NYT
A Future Scenario for Asia Asia Sentinel
Merkel Still Trying to Block an ECB President Draghi Spiegel

Syrian Tanks Storm Banias a Day After 40 Protesters Killed BL

Silver has worst week since 1980 MW
Gross: When PIMCO Will Change U.S. Short Bet Reuters
China pushes U.S. on debt ahead of high-level talks Reuters
Greece Denies Report It's Seeking to Leave Euro AP
Greece Considers Exit from Euro Zone Spiegel
Oil 'goes crazy' after jobs report CNN
U.S. Payrolls Grew 244,000 in April; Unemployment at 9% BL BLS
The Case for Human Ingenuity Absolute Return Letter
The Tipping Point Has Arrived Comstock
Preventing the Next Flash Crash NYT
Debt Ceiling: The wheeling and dealing begins CNN
Libya and the decline of the petrodollar system ATimes
The IMF’s Switch in Time Stiglitz Warner - Smith
AIG posts ongoing loss on debt, quake charges Reuters
Zuckerberg Can Rest Easy at China’s Challenge Pesek
Renren's social network impresses US investors Finance Asia
Time to focus on dividends Jubak
Warren Could Be Blocked By Senate GOP Unless Consumer Agency Is Weakened HP
Carlyle Faces Questions Over China Investments FT
“To paraphrase Oscar Wilde, to make one duff investment might be regarded as misfortune, but to make two smacks of carelessness”
Sony confirms personal info theft of all 77 million network users Kyodo
SEC sues man who said he wanted to buy American, Kodak USAT
Silver Set for Worst Weekly Drop Since 1975 Amid Commodity Rout BL
Silver: “Its biggest one-day drop in dollar terms since the Hunt Brothers price squeeze...”
Silver pullback is a buying opportunity MW
Don't Fear a Pullback in Prices Holmes
Xerion’s Arbess calls gold ‘one-trick pony’ MW
Jim Paulsen: “It starts to scare people if commodity prices are dropping this fast”
Commodity selling peters out but outlook cloudy Reuters
Commodity Rout BMO
Bill Gates and Warren Buffett praise uranium G&M
Goldman BRIC Fund Among Most Hurt in “Panic” Commodities Selling BL
Canada Adds More Jobs Than Forecast as Unemployment Falls BL
Asia Inflation Fight Spreads on Philippines, Malaysia Rate Moves BL
Dollar soars on RBA rate hike warning Dow Jones
Inevitability of a Default in Greece NYT (Norris)
Zhu Says China “Will Push Forward” With Improving Yuan System BL
“China is ready to intensify communication with the United States”
China loses $271b from debt holdings China Daily
China suffered a loss of about $271.1 billion on its foreign exchange reserves accumulated between 2003 and 2010, because of the depreciation of the US dollar...
US accused of dumping cars Shanghai Times US complaints 'bargaining strategy'
China's Next Port of Call: Luxury Yachts BW
Assessing credit risk in Greater China   Finance Asia
Rates held as UK suffers biggest drop in growth since Lehman failed Telegraph

Did bin Laden cost U.S. trillions of dollars? CBS

Gold, silver drop on new margin increases AP
Silver settles 8% lower, Gold below $1,500 MW
Jim Rogers: Oil Price Will Keep Rising; Silver to Fall CNBC
Jobless Claims in U.S. Unexpectedly Jump Due to Anomolies BL
Jobs figures come with rose-colored glasses Crudele
Pimco Bets on Weaker Euro, Stronger Won, Aussie, Singapore Dollar BL
Morgan Stanley, Goldman Sachs Counter Bearish Gross on U.S. Debt BL
Improving job market ignites sharp rise in apartment rents USAT
Strategic defaults could get very ugly MW
US Banks Fret Fed Regulations FT
Business Cycle Monitor: Returning to moderate growth Danske
400 Analysts and Economists Are Bullish. But Before You Join Them, See This Chart EW
Berkshire’s Board Treats Buffett to Whitewash Weil
Freddie Mac posts first quarterly gain in 2 years AP
But even with the net income gained, Freddie Mac posted a 29-cent per share loss attributable to common stockholders.
It’s the End of the Dollar (As We Know It) Amphora  Panzner - Baum - Yves - Smith - MB
Hope For 20-Somethings Hits Historic Low, Poll Finds HP
Central Banks Expand Gold Reserves With $6 Billion in Purchases BL
Silver Criticality - Why Silver Might Crash HindeSight
At the gold pit, Soros sells and Paulson purchases MW
Paulson said he still has most of his personal wealth in gold-denominated funds
Silver's bear turn not over yet after 20 percent dive Reuters
Once support breaks at the 50-day moving average near $38.50, silver lacks additional support before the 200-day moving average between $28 and $31
Silver pullback is a buying opportunity MW
Silver triggers broad decline in commodities Reuters
Carlos Slim Actively Selling Silver Futures: Spokesperson CNBC
CME Group Announces Further Margin Hikes For Comex Silver Futures Kitco
The fourth such announcement in the last two weeks.
Where will China find the oil to power its economy? Rubin
China doesn’t have to build a blue water navy or engage in an arms race to take a big slice of the U.S.’s energy pie . All it has to do is stop showing up at the U.S. Treasury auction...
Will high oil prices bring a new recession? EB
China’s Top Fund Manager Favors Commodities as Inflation Worsens BL
Gold recycler makes a mint CNN
Gasoline demand drops as price rises CNN
Food Prices Rise to Near-Record as Inflation Accelerates BL
Can the World Feed 10 Billion People? FP
Ponzi Financing Involving Copper Trade Gone Wild In China Mish
Canadian Solar Aims to Increase Market Share Amid Supply Glut BL
Trichet Signals No ECB Rate Rise in June Reuters
Portugal agrees sell off for bail-out Telegraph
Portuguese Gold Sale Urged by Senior German Lawmakers as Mexico Buys IBT
Five ways to correct the Greek debt crisis El-Erian
The Coming Euro Crack-Up Stelzer
Sensex may slip into 'bear' phase as cost of funds rises Economic TimesChina Invests Overseas Asia Sentinel
China frees rights lawyer but another disappears AP


U.S. Services Index Falls More Than Expected in April BL
Adviser is hoping for a 50,000% return in gold Hulbert
ADP Estimates U.S. Companies Added 179,000 Jobs in April BL Planned job cuts decline
Dollar extends loss after ADP; euro tops $1.49 MW
U.S. Dollar's Recent Decline Rekindles Pre-Recession Fears Reuters
Investors move back into cash in April: poll Reuters
Standing Apart Kass
Near-term consolidation may be coming fast MW
Would the "Atlas Shrugged" Strategy Work? Bear’s Lair
Debt ceiling: Are you freaking out yet? CNN
“We're not seeing widespread panic yet, but Geithner hasn't had to change any auction dates”
”Dumb Money” Flees Muni Funds as U.S. Investors Snap Up Individual Bonds   BL
Recovery efforts could speed dollar’s decline Irwin
Peter Thiel's College Bubble Theory Gains Few Believers HP
Fighting the depression, losing the war Saft
Stocks Rally On the News of Bin Laden's Death, You Say? It's Not That Simple EW
A Mission Not Yet Accomplished NYT (Leonhardt)
Keynesians Miss the Point, for Now NYT
Our Kind of Class Warfare O’Rourke El-Erian - Mish
U.S. Accuses Deutsche Bank of Massive Mortgage Fraud FOX Business
Justice Department, SEC Probing Senate Findings on Goldman BL
Elizabeth Warren's war heats up Fortune
Let's make a deal on foreclosures in California LAT
Silver, Gold Futures Sliding as Soros, Passport Are Reported to Be Selling BL
WSJ: “The Soros fund has sold much of its gold and silver investments over the past month...”
Is gold about to go vertical? MW
Compared to past bubbles, gold should move higher
COMEX silver extends losses; iShares holdings dip Reuters
Gold, Silver Prices Search for Support TheStreet
Silver and Derivatives Dislocation HP
Gas Prices Closing in on 2008 Highs BeSpoke
Portugal reaches bailout agreement Telegraph
“I have always said that asking for aid would be the final way to go, but we have reached the moment.”
Greece: imposing bond losses would be huge mistake AP
German Boom Fuels Inflation Angst Spiegel
China’s ‘Hawkish’ Central Bank May Tighten Even as Economic Growth Cools BL
As China Invests, U.S. Could Lose NYT
Factory slowdown rules out imminent rate rise Independent
Korea to Diversify into Yuan as Forex Reserves Hit $300 Billion Chosun
As of the end of last year, the dollar still accounted for 63.7 percent of Korea’s foreign currency reserves, which is higher than the global average of 61.4 percent.
Major banks face a capital ratio of 11.5% Shanghai Times
Alarms ring on rising mortgage arrears Australian
ANZ and Westpac's rise in mortgage arrears highlights an "alarming" problem lurking in the broader economy, say analysts.
China bails out Saab Finance Asia
Stock market crash not on cards: Sebon Myrepublica
N-plant crisis impacts bond market / TEPCO bond yields soar Yomiuri

Silver futures fall 7.6%; gold extends losses MW
The Dollar: It’s Payback Time! Merk
When to panic over the shrinking greenback G&M
Orders Placed With U.S. Factories Increase More Than Forecast BL
Fractured Fair Retails Contrary Investor
Why China Overheats Maikin
China's inflation rate has reached a point where it is sparking social unrest. The world's second-largest economy faces some fundamental choices if it is to restore stability.
Monthly Economic Monitor NB Financial
Sleepwalking through America’s Unemployment Crisis El-Erian
In the U.S., ‘the mother of all jobless recoveries’ G&M
“Barely a fifth of [U.S.] employment losses have been recouped. That’s a rarity for the second year of a recovery cycle. It’s never happened before...”
Geithner gives Congress more time on debt limit AP
Treasury Sec'y says he can delay default until Aug. 2 with bookkeeping maneuvers
The bin Laden spending spree CNN  Grow Up, Guys! Barron’s
US Debt Rating Should Be 'C': Independent Agency CNBC
Better dead than Fed Price
Federal Reserve must be held accountable Politico
Ben Bernanke’s Bet on Jobs and Inflation Samuelson
Is it time for the US to disengage the world from the dollar? Pettis
Lucky People Saut
The unlikely bull market continues Hulbert
A secular bull market? Don't be fooled CSM
The Forgotten 'Flash Crash' - One Year later Dorsch
Beware of runaway headline inflation VOX
Protecting People From Their Own Ineptitude Kid Dynamite Dr. HB - Baker - EB
Housing’s Good News Is Federal Cash Shortage Baum
US appetite for Chinese internet IPOs defies weak profits Finance Asia
Buffett Lets the Facts Bury Sokol DealBook
Analysts See a Bargain in Uranium Stocks After Sell-Off CNBC
Silver extremely vulnerable to a sharp decline, gold overheated - CPM Mineweb
Eric Sprott defends selling his silver units G&M
Are Commodity-Rich Countries Worth a Look? Schwab
Gold Russell
Get hoarded gold to serve economy, experts urge Thanh Nien
A central bank official said that the new rule is an attempt to eliminate the role of gold as a means of payment
”Fracking” starts to bring on legal challenges G&M
Tories sweep to majority, NDP to Opposition in historic election G&M
G&M: The Conservatives haven’t made specific promises this campaign but a majority gives them the legislative power to open up the telecom sector to greater foreign investment.
India Central Bank Signals Higher Rates on Growing Price Risks BL
RBA warns inflation on the rise Australian
Bank of England Governor Mervyn King warns on interest rate rise Telegraph
Public finances in euro zone: Are investor concerns grounded? NB Financial
Bond Vigilantes Ignore Next Stage of Euro Mess BL
Europe’s Dangerous Game Trumpet
No country in history has ever avoided defaulting on its debt once it has reached 150 percent of gross domestic product.
ECB official open to extending Greek debt maturities Reuters
Greece to Name and Shame Tax Evaders   CNBC
Advanced Economies: Minutes to Midnight? Part II YALE
Yuan rises past key level VS dollar BL
Made-in-China Superyachts Mark Rise of Local Luxury Brands BL
Profits of listed firms up 37% in 2010 Xinhua


Silver settles 5.2% lower as trading cost rises MW
ISM manufacturing index falls to 60.4% in April ISM  Construction Spending
Osama bin Laden Killed: 'Justice Is Done,' President Says ABC
Text of Obama statement on bin Laden
Number of the Week: Millions Set to Lose Unemployment Benefits WSJ
Extreme Conditions and Typical Outcomes Hussman
Banks Buying Most Treasuries in Nine Months in Signal for Slowing Recovery BL
A Fistful of Dollars - Part 2 JimQ
Resist the madness of the crowd MSN (Fleck)
Hedge funds increase bets dollar will decline Telegraph
The data shows that investors are pulling out of the dollar in favour of almost every other currency except the Japanese yen.
Needed: A Chart to Lure Bulls Barron’s
America's reckless money-printing could put world back into crisis Telegraph
America's base money supply – the bedrock of the world's reserve currency – has doubled in little more than two years.
Is this the Bernanke gold market? Brimelow
Be Careful Wishing for the Fed’s End Lowenstein
Let’s get real and Fire the Fed Black Swan
Bernanke’s bet on jobs and inflation Samuelson
What is Bernanke's favorite word? CNN
Debt ceiling fight is here CNN
When lawmakers return to Washington on Monday, the debate over raising the nation's debt ceiling will kick into hyperdrive.
Treasury Traders Turn Their Backs On Debt Ceiling Uncertainty Dow Jones
“It's almost inconceivable that they won't raise the debt ceiling. It would be a bizarre situation, and the market would implode”
Failing to Raise U.S. Debt Ceiling Would Be ‘Most Asinine,’ Buffett Says BL
Springtime for Bankers Krugman 2 Baker - Smith - Keen - Econbrowser - BeSpoke
Hulu Investor Warns of Bubble in Web Valuations FT
Small-Stock Caution WSJ
Small caps have been lumped in with other risky assets like high-yield bonds and commodities
Five of Dow’s Top Stocks Likely to Keep Rising Dorfman
High U.S. debt looks good compared to some companies USAT
The Global Economy’s Corporate Crime Wave Sachs
Corporate corruption is out of control for two main reasons.
The F.D.I.C.’s Lehman Fantasy DealBook
Facebook IPO in 2012? WSJ
Flash crash for silver MW Mish
At one point early Monday, the price dived 12% within 1 minutes...
Gold-Buying Central Banks May Signal Bullion Extending Record Price Rally BL
Oil falls by 1 percent on news Bin Laden dead Reuters
Making the case for a long-term bull run in commodities Petruno
Yuan breaks through 6.5 dollar mark Shanghai Times
Investors Doubt Orthodoxy on Greek Debt WSJ (Complete via Google)
Greek credit-default-swap prices imply a 46% probability of a restructuring over the next two years...
Life on $1.25 a Day Won’t Win an S&P Upgrade Pesek
Gov't gives go ahead to bad bank Korea Times
Tale of two weddings... how the royals reflect the financial mood King
China, UStoholdstrategic & economicdialogue Xinhua