MUST READS
Fitch Cuts Greece, Says Default ‘Highly Likely’ – CNBC
Greece bailout: Large protests expected against cuts – BBC
Greece Lurches to Left Amid Radical Austerity – Spiegel
Greek Crisis Raises New Fears Over Credit-Default Swaps – DealBook
After Greece deal, Portugal and Ireland may be next – Globe & Mail
This Is Really Only The “Second” Greek Bailout? – DealBreaker
Former BOJ Official: Unsustainable Debt Risks Bond-Yield Spike – Bloomberg
Modern Monetary Theory, an unconventional take on economics -Washington Post
‘Why This Time Could Be Different’ With High Gasoline Prices – WSJ
Even on $15,000 a Year, Most Young People Buy Smartphones – Mashable
Halftime in America? More like sudden death – MarketWatch
Chris Christie to Warren Buffett: Just ’shut up’ – CNN/Money

MARKETS/INVESTING
Oil hovers above $106 as Iran tensions mount – AP
Gold eases as optimism over Greek bailout dissipates – Reuters
Dow 13,000 May Finally Lure Investors Back Into Stocks – CNBC
Rally Monkeys, self-referential vortexes, andimportant thresholds – FT Alphaville
Here Is Why The Dow Just Passed 13,000 – Zero Hedge
Oil Could Turn to Headwind as Dow Flirts With 13,000 – CNBC
Goldman Lowers Commodity Return Forecast – Bloomberg
What the Greek bailout means for gold and silver – Mineweb
India gold ETF demand doubles in 2011 – Commodity Online
Ben Graham’s Curse on Gold – FXStreet

ECONOMY/WORLD/HOUSING/BANKING
US pent-up demand, charted – FT Alphaville
Economy in recovery? Not so fast – CNN/Money
China manufacturing index edges higher: HSBC – MarketWatch
Averting the Next Greece: Portugal Needs More Money To Stay Afloat – Spiegel
BOE’s Bean Says Greek Deal Doesn’t Eliminate Crisis Risks – Businessweek
Mortgage fraud hits ‘eye-opening’ level in Canada, report says – Vancouver Sun
Shanghai Eases Home Purchase Restrictions – Bloomberg
Multi-million dollar foreclosures – CNN/Money
Will Gas Prices be the Spoiler in Housing Recovery? – CNBC
Fed’s push on housing crosses a line, critics say – Washington Post
The Secret Meeting That Launched the Federal Reserve: Echoes – Bloomberg
Romer: We Need A Regime Change at the Fed – Macro Market Musings