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Euro Zone Crisis: Markets Fret That Austerity Medicine Will Kill Patient FTGerman Finance Minister Wolfgang Schaeuble: “If Greece decides not to stay in the euro zone, we cannot force Greece. They will decide whether to stay in the euro zone or not.”
European AAA Auctions Solid On Greece Fears WSJ
When Will Main Street Return to Wall Street? Don't Hold Your Breath Barron’s
Buy in May and Go Away Kass Major correction unlikely Hulbert
Market's tumble is far from over Mirhaydari
Pimco, Goldman See QE3 Getting Closer BL
Americans buried under debt CNN A Nation of Spoiled Brats FP
Congress plots Federal Reserve overhaul MW
Do we have a shortage of workers...? FMaximus Krugman - Jesse - MyBudget - EB - Smith
Chart of the Day: Time to Buy a House via Mother Jones Salmon
Central Bank reserve creation in the era of negative money multipliers VOX
Doomsday for Maryland? Standard California’s superwealthy CITY
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U.S. economy has a 'royal straight flush' - Jamie Dimon CNN
U.S. Millionaires Told Go Away as Tax Evasion Rule Looms BL
Nobody Immune From Income Volatility, Even Rich Orszag
Riley Paterson Shuts Only Hedge Fund After Assets Slide BL
Berkshire Hathaway Meeting Full Transcript via ValueWalk
Gold Gives Up Gains for Year - And Could Keep Sliding CNBC
BLS Green Jobs Report: Less Than Meets the Eye Heritage
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Euro nudged below $1.30 MWCrisis escalates as insurrection breaks German control Pritchard
Eurozone contagion fears spread as Greeks refuse cuts Inde
If Greece were to crash out of the single currency, the event could potentially capsize other crisis-hit eurozone economies such as Portugal, Ireland, Spain and Italy...
Turmoil in Greece Raises Euro Risk WSJ
What Would Really Happen If Greece Left Euro Zone? Reuters
Moody's Ratings Cuts May Risk Europe Recovery BL
Spain's banks to raise extra 35 billion euros in provisions: sources Reuters ZHedge
The amount would come on top of the 54 billion euros banks already need to raise to cover souring property loans made in Spain's collapsed property market.
Portugal scraps four public holidays in austerity drive BBC
Situation in Europe a “Slow Motion Train Wreck”: Roubini CNBC
World's richest man bets on European recovery Telegraph
”Canadian condo craze” gets crazier G&M
Policy 'storm' on horizon China Daily
A tale of two Chinese consumers Finance Asia
China's rising middle class to keep global luxury goods growing at 10% Shanghai Daily
Safe as houses? Rising prices fuel German 'bubble' angst Reuters
More builders going bankrupt Korea Times
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The True Lessons of the Recession Rajan
The West Can’t Borrow and Spend Its Way to Recovery
A Leaderless World Outside The Box
"Toto, I have a feeling we're not in Kansas anymore." Saut
Are central banks creating the ‘wrong’ kind of money? FT
Pedro Noronha: “All it has done is push equity markets to unsustainable levels and once again saved the over-levered crowd from the fate they deserve”
Invest in stocks? Small players still smarting USAT
“I'm never going back in”
Could the Stock Market Stumble Badly in the Summer? Street Authority
The World Is Topologically Complex Bear’s Lair
We're Spent: Why the U.S. Is in Danger of Losing Its Responsible Rep Atlantic
The Anxiety Economy Atlantic
Do we have a shortage of workers...? FMaximus Greenbackd - Dr. HB - Ritholtz - Panzner
Baby Boomers and the Shrinking Work Force NYT
The ‘folly’ of the U.S. housing bubble WP
How Ron Paul Could Mess With Romney at the GOP Convention BL
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Why There Will Never Be Another Warren Buffett Lenzner
What Was the Very First Hedge Fund? Ask Warren Buffett BL
Billion-Dollar Traders Quit Wall Street for Hedge Funds BL
Obama's DOJ And Wall Street: Too Big For Jail? Forbes
U.S. could make $15.1 billion on AIG bailout: GAO Reuters
Losses at Oprah's OWN approach a staggering $330m Daily Mail
Dissident Yahoo shareholder demands internal records as effort to oust CEO escalates CP
China's Gold Imports Advance as Country May Become Biggest User BL
Gold outflow point to nation's weakening clout Jiji
Japan saw a large outflow of gold in fiscal 2011, which ended in March, prompting analysts to warn of the country's declining economic power.
European Elections Good for Gold TheStreet Gold Will Continue To Glitter SA
19 green-energy stocks to watch Farrell
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Japan warns France to stick to fiscal reform plans AFP
Germany says renegotiating EU pact 'not possible' AFP
Markets to Give France a Grace Period, Analysts Say NYT
Left Gets Historic — but Slim — Chance to Lead Greece Reuters
Kathimerini daily: “The country is heading at high speed towards catastrophe. If a national salvation government is not formed in the coming days, new elections will become inevitable.”
An ungovernable slump Saft
Is Asia Ready for a Great Transformation? Asia Sentinel
Safe havens in a bear market Business Standard
Japan’s Youngest Billionaire Loses as Gree Drops BL
Banks dominate A-share listed financial firms China Daily
Just 16 banks contributed almost 93 percent of the first-quarter profits of the 50 A-share listed financial service companies.
Yuan parity rate falls the most Shanghai Daily
China's defense chief at Pentagon amid diplomatic row AFP
Canada Housing Bubble Concern Shown in Insurer Query BL
Insight: In muddle of Libya's finances, billions go missing Reuters
Forget Petrodollars, Iran Accepts Chinese Currency FT
Consumer Credit Soars As US Government Encourages Student, Car Loan Bubbles via ZH
Consumers Cutting Back? Are You Kidding? BW
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Warren Who? Gold Bugs Still Think They Have Right Idea CNBC
Hedge Funds Bet Wrong Before '12 Slump BL
The Fraud & Theft Will Continue Until Morale Improves JimQ
Unbalanced Risk Hussman
States of alarm on revenues Keenan
A market with a split personality Fleck
US Economy Is Likely To Slow During Summer Of 2012: Economists Reuters
It's 'the end of global growth' Winnipeg FP
Ron Paul taking end-Fed bill before panel MW
‘Battle of the beards’: Paul Krugman vs. Ben Bernanke Samuelson EB
Stock Trading Is Still Falling After ‘08 Crisis NYT
Trading in the United States stock market has not only failed to recover since the 2008 financial crisis, it has continued to fall.
California's Long-Term Unemployed Brace For Sudden End Of Benefits AP
Meanwhile, In The Bond Market Krugman Reich - Smith - RBroker
Rules for Bank Capital Still Broken After Four Years BL
Economics, a space opera FTA
Currency Debasement and Social Collapse Mises
Central Bank reserve creation in the era of negative money multipliers VOX
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Look Who’s Pushing Homeowners Off the Foreclosure Cliff BL
Why Can't Obama Bring Wall Street to Justice? Daily Beast
The Maturation of the Billionaire Boy-Man Blodget
Exclusive: Icahn sells LightSquared debt, creditors extend talks: sources Reuters
The Munger Games NYSun
“But if your whole cultural system disintegrates...then the Keynesian stuff won’t work.”
Lehman E-Mails Show Arrogance Led to the Fall BL
”The Avengers” Has Record $200.3M in Sales BL
The gold market’s steep wall of worry Hulbert
Traders eye gold stocks, warily Brimelow
Shanghai Futures Exchange starts a silver futures trade Australian
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Hollande: 'my real enemy is the world of finance' IndeHollande has 10-weeks to avert a French bond crisis Pritchard
There will be no speculative attack against French bonds on Monday morning...
Will the new French president clash with the German leader? AFP
Merkel Must Deal with Hollande on Debt Crisis BL
Why Wall Street fears a Socialist leader Fortune
Greek Election Is Over; More Money-Printing to Come? CNBC
Roubini: “Greek membership of the euro zone is now at risk with serious contagion risks for the rest of the periphery”
Greek Election Gridlock Raises Risk for Bailout BL
European Elections Complicate Outlook El-Erian
Spanish Banks Resist the Idea of a “Bad Bank” Bailout NYT
Britain faces "five more years of pain" on unemployment Inde
China Gamblers Spurring Echo Deal BL
Chinese getting tired of “Made in China” MW
Big lenders weary about secondary banking purge Korea Times
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Wealthy French eye move across the Channel FT
Stocks Could Face More Turbulence... CNBC All eyes on European elections Reuters
A Graphic Presentation Mauldin
Revenge of Risk Off? Noland
Putting Our Slow Jobs Recovery Into Perspective BW
What makes this recovery seem so frustratingly slow is that the U.S. is coming out of a deeper hole this time.
Six-Month Seasonality Turns Unfavorable Swenlin
Fear and SPX Toppings ZEAL
Europe Is A Bigger Problem Than The Slowing U.S. Economy! Harding
Weekly Focus: Europe trailing the US and China Danske Global Equity BMO
Global Views Scotia Global Forecast Update - Foreign Exchange Outlook
Government Getting Smaller in the U.S. Norris
A Pullback in May? Maybe Not This Time NYT Rogers
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Buffett Shuns $22 Billion Deal to Protect Stock Holdings BL
Berkshire Profit Doubles on Insurance Results, Derivatives BL
Buffett: Zuckerberg Right to Keep Control Over Facebook CNBC
Can Fairfax’s bear market strategy work for you? G&M
Jobs Few, Grads Flock to Unpaid Internships NYT
Dewey’s Fall Underscores Law Firms’ New Reality NYT
How to Raise a Financial Wizard NYT
Conrad Black arrives in Toronto G&M Harper denies special treatment
"He didn't murder anybody. It's only a business thing."
Groupon Loses Half Its Value Since IPO G&M
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A Band of Contrarians, Bullish on Greece NYT
Several banks and hedge funds are buying Greek bonds...
The end of “Merkozy” could be a good thing for Europe G&M
Alberta: The Echo Boom BMO
Secret Roast-Pork Recipe Carries $1.8M Price BL
Amid Brazil’s Rush to Develop, Workers Resist NYT
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Mint gets ready to strike last penny G&M
No new jobs, a result bought at great cost Fabius Maximus
Gross: U.S. Suffering “Structural” Unemployment BL
Payrolls in U.S. Rose 115,000 in April; Jobless Rate at 8.1% BL BLS
Lies, Damned Lies and Government Jobs Data FOX
For 59 out of the last 60 weeks, the weekly jobless numbers have been revised, after the fact, always in the same direction: higher. That's unheard of.
This Is A Typical Post-Credit Crisis Market Comstock
The fiscal cliff cometh El-Erian
U.S., Japan debt more worrying that euro zone- IMF Reuters
Government spending is holding us back Nutting
The Fed's Jelly Donut Policy EinhornJim Grant: "The Federal Reserve Is The Vampire Squid Of Vampire Squids" via ZH
Will the rent be too damn high for Bernanke? Fortune
Yanking Bernanke's chain FOX
Shattering the American dream: The US government’s Ponzi scheme VOX
Why the Economy Is Heading for a Stall Reich
Plutocracy, Paralysis, Perplexity Krugman Baker - Smith - CW - Ivanhoff - Panzner
Hand to hand combat with Martin Wolf Price
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Facebook IPO Will Make Zuckerberg Richer Than Ballmer BL
Facebook at 99 Times Profit Exceeds 99% of S&P 500 Index BL
”No Plans to Invest in Facebook IPO”: Warren Buffett CNBC Warren Buffett Interview
Once Remote, Goldman Sachs Puts on a Friendly Public Face NYT
Estimating Stocks' Fair Values a Complex Process Morningstar
First Solar racks up huge losses CNN
The gold market’s steep wall of worry Hulbert
Commentary: More and more gold traders have thrown in the towel
Silver futures trading to start on Thursday Shanghai Daily
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Analysis: Spain bad loan mess revives debate on who should pay Reuters
Officials in Madrid insist that Spanish banks' 184 billion euros of troubled real estate assets are manageable, not least because new rrules will force the lenders to write down some 60%...
Will Greece's Elections Inflame Europe's Debt Crisis? CNBC
Official: Curb needed as home prices still high Shanghai Daily
RMB bonds a hit with London investors China Daily
China Agrees to Measures to Ease Trade NYT
Sensex falls below 17,000; technicals signal pain ahead Reuters
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Whitney Says Banks Will Struggle to Match Latest Results BL
Special Report: U.S. documents allege HSBC money-laundering lapses Reuters
One in seven thinks end of world is coming: poll Reuters
30-Year Mortgage Rates Fall to Record Low BL
Jobless Claims in U.S. Decline More Than Forecast BL ISM Services Index Falls
Our central bankers are intellectually bankrupt Ron Paul (Complete via Google jump)
Is Gold Today's Safest Investment? Atlantic
It appears Ron Paul fans aren't the only gold bugs roaming around out there.
Gold Standard for All, From Nuts to Paul Krugman Shlaes
Martin Feldstein on Fed Policy, Stocks, Economy BL Video“I think the real danger is that this is a bubble in the stock market created by low long-term interest rates that the Fed has engineered."
Should the Fed do more? EB
Liquidity Shocks, Real Interest Rates, and Global Imbalances FRBSL
Liquidity shocks—events associated with a crisis in investor confidence—are episodes that recur with discouraging regularity.
Choosing the Roadto Prosperity: Why We Must End Too Big to Fail – Now FRBD
Will the U.S. Economy Go off the Fiscal Cliff? BMO
It’s not tough to imagine the perfect storm for the economy...
Yes, you can become a millionaire farmer Farrell
China's economy jeopardizes U.S. goal USAT
Geithner Says Yuan Gains Would Aid Economic Shift BL Yuan's parity rate hits record high
Why a More Flexible Renminbi Still Matters Rogoff
The End of Growth J. Rubin Black - Baker - Smith - Saft - Faber - Bonner - Roubini
The Gospel According to Barton Biggs Kass
The 86 million invisible unemployed CNN
Too-Sick-to-Work Americans Shrink U.S. Labor Force BL
An Application of Conventional Sovereign Debt Sustainability Analysis... FRBSL
Milton Friedman, the Demand for Money, and the ECB’s Monetary Policy Strategy FRBSL
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Facebook IPO faces global bear attack MW
Buffett Trails S&P 500 for Third Straight Year BL
The 99 Percent Wakes Up Sitlgitz
Progress Is Seen in Advancing a Final Volcker Rule Dealbook
A Housing Market Without Fannie Mae and Freddie Mac: Efect on Home Prices Heritage
The fallacy of blaming oil ‘speculators’ Samuelson
OPEC Says Supply Ample, Speculation Driving Price Reuters
Oil production costs are going up, up, up G&M
World food prices fall; inflation fear remains Reuters
Munch's The Scream sold for $120m BBC
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Yields rise as Spain sells 2.52 bln euros of bonds MWIn Battle Against Crisis, ECB Running Out of Weapons CNBC
The euro crisis just got a whole lot worse Warner 4 Ways the Euro Could Fail
ECB May Soften Stance as Draghi’s Recovery Falters BL
Is Europe's Weakness Finally Reaching Germany? BW
Italy PM seeks online tips in rush to cut spending Reuters
Election Threatens to Become Snapshot of Greek Despair Spiegel
Housing prices decline by 0.7% in big cities in April China Daily
Shanghai home prices drop for seventh straight month Shanghai Daily
The Great Fall of China BW
'I won't sign Britain up to idiotic Basel III plan' Telegraph
European Commission finalises OTC derivatives market reform DB Research
China slams US over Chen's incident China Daily
Chinese dissident seeks exile, strains U.S.-China ties Reuters
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What's This 'Fiscal Cliff' About? Do Investors Need to Worry? CNBC
Factory Orders Post Biggest Decline in Three Years Reuters
ADP Says Companies in U.S. Add Fewest Workers in Seven Months BL
Bernanke: Be Humble! Merk
Pimco's El-Erian: The Fed needs some help CNN
Three Fed Policy Makers See No Need to Ease BL
Recap: Kasriel's Parting Thoughts KasrielIn closing, I want to thank the stockholders and senior management of the Northern Trust Company for allowing me to write these commentaries over the past 25 years. I hope that the readers learned a fraction of the macroeconomics that I learned in writing them.
That’s all folks....
The Approaching Reallocation Rally Kass
Treasurys Are 'Junk', Dollar Headed for Collapse: Schiff CNBC
Shiller Backs Away From 'Great Depression' Remark CNBC
Bad Models Mistook Housing Bust for Dot-Com Bubble Orszag
Why U.S. house prices won’t recover MW
Taking inflation into account, home prices are down to 1895 levels
Is It Time to Invest in Europe? Milken Video Reich - Baker - Panzner - MyBudget - Bonddad
Greenspan Declares Obama's 'Worst Mistake,' Was On Deficit HP
How Retirement Benefits May Sink the States WSJ
Big Banks Fined $9 Million Over Risky Products NYT
Facebook's IPO show to hit the road May 7: source Reuters
Is CNBC “freaking out”? CNBC
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Gold: What's with the hysteria? G&M
Bonuses soar in oil patch “bubble” G&M
Canadian graphite producers prepare for boom G&M
Wind’s $168 Billion North Sea Boom Lures Oil Industry BL
T. Boone Pickens: Natural gas has bottomed CNN
Falling natural gas prices hit states USAT
US solar subsidies consistent with coal, oil: report Reuters
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Europe’s credit crunch SaftInterestingly this is not simply a story about timid banks which need to rebuild capital levels...
Europe 'needs creativity not billions of euros' Telegraph
What Merkel's Isolation Means For the Euro Crisis Spiegel
Insuring Against European Risk BCAR
Time is running out to rescue Spain Lynn
Bond-holders can take 50% haircut now, or 100% later
The Real Tragedy Of The Euro Forbes
The coming revolt against austerity VOX
Europe's Debt Turmoil Crosses Into the Netherlands NYT
China factory data show slower cooling: HSBC MW
Strategists Who Called Bottom in China Stocks Now Say Buy BL
Chanos Says Chinese Banks `Built on Quicksand' BL
China’s Vanishing Trade Imbalance NYT
Hillary Clinton’s Headaches Are Waiting in China Pesek
A housing crisis of global proportions G&M
Exclusive: U.S., allies urge sanctions for North Korea firms; China resists Reuters
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Einhorn Says Fed Rate Stance Risks Inflation BL
U.S. Manufacturing Increased to 54.8 in April BL ISM - Construction Spending Up
Tuesday Never Comes Gross
Don’t End the Fed, Mend the Fed Kasriel
Truth or Consequences? Saut
Monthly Economic Monitor NB Financial
Is Another May Tailspin Coming For U.S. Stocks? Biderman
Bears of May have come to play MW
Bonds Prove Only Winners for First Time Since 2008 BL
Reinharts, Rogoff See Huge Output Losses From High Debt BL
Euro Hindenburg Nearing Lakehurst, NJ Bear’s Lair
Sternlicht Says Debt ‘Bubble’ in U.S. Property Like 2007 BLThe $7 trillion fiscal cliff CNN
That's the magnitude of tax increases and spending cuts that will start to hit the economy on Jan. 1, 2013, unless Congress acts.
How US debt risks dollar doomsday NYP
Warning: Fiscal icebergs ahead Kellner
Spanish downgrade not seen hitting US debt market, yet Reuters
Obama Fails to Stem Middle-Class Hollowing Out He Blamed on Bush BL
Austerity, And The Failure Of The Governing Elite Forbes
Fed’s “Reckless” to Allow Jobless Rate: Krugman BL
The good news and the bad news about America’s economic recovery Fabius Maximus
Personal Savings Rate and the Stock Market CXO Smith - Panzner - Keen - Yardeni - Saville
Protectionism Is on the Rise Davies
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The latest round of job cuts could rival those that happened during the financial crisis.
Coke says not in talks to buy Monster Beverage Reuters
Burning Questions for Buffett Morningstar
Bank of America directors fight back over $20 million settlement Reuters
Rupert Murdoch Not Fit to Lead News Corp., U.K. Lawmakers Say BL
GE's Billion-Dollar Bet on Big Data BW
Insight: As chip plants get pricey, U.S. risks losing edge Reuters
Where have all the oil hedgers gone? FTA
Dutch central banker's memoirs confirm gold price suppression GATA
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Europe’s Future on the Ballot Lachman
Depending on what happens this weekend, Europe should start bracing itself for a renewed intensification of its sovereign debt crisis.
Hollande is start of progressive insurrection FT (Complete via Google)
A glimmer of hope for the austerity wasteland of South Europe? Pritchard
Eurozone crisis has a long way to go, warns Cameron Inde
China Manufacturing Growth Accelerates, PMI Shows BL
Calculating the power of your hard-earned yuan China Daily
Australia cuts interest rates as economy slows Guardian
Free fall slide Korea Times
Lady Gaga teacup hits $50,000 and rising in Japan AFP
Demand for Loans Rose, But Bankers Remain Cautious NT