TOP STORIES
Stocks Fall as China Manufacturing Growth Slows – Bloomberg
Answers on Credit Ratings Are Long Overdue – Sorkin, NY Times
Eurozone banks could be hit by £165bn writedowns, says ECB – Telegraph
Chinese Official: Housing Risk Greater Than in US, UK Pre-Crisis – Naked Capitalism
Commodities’ Biggest Drop Since Lehman Bear Signal – BusinessWeek
American investors: Predictably stupid losers – MarketWatch
Israel Falls into the Trap – Spiegel Online
The Mauling in May – Capital Spectator

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MARKETS/INVESTING
Oil falls to near $72 as stocks, euro fall – AP
Gold climbs above $1,220 on debt concerns – Reuters
Hedge Funds Post Biggest Losses Since Lehman – Bloomberg
Gold: The Ultimate Fiat Currency($) – Barron’s
The Achilles Heel of Markets? – HuffPo
Oil and Red Ink – Hussman Funds

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