MUST READS
S&P downgrades China property developers – AFP
Greek Bailout Talks Deadlock as Pressure Mounts – Bloomberg
Fed chief Bernanke warns of US debt ceiling threat – BBC
House ready to slash funding for key oil-market regulator – McClatchy
Moody’s puts French banks on review for downgrade over Greece – Reuters
Soros: China Missed Window to Stem Inflation, Risks ‘Hard Landing’ – Bloomberg
Hayek on Why the Fed Cannot Create Inflationary Stimulus – NetNet
RealtyTrac’s Sharga sees no housing recovery before 2015 – Housing Wire
US Is in Even Worse Shape Financially Than Greece: Gross – CNBC
U.S. vs. Greece, Is Debt Situation Even Comparable? – WSJ
10 Things Not to Do When Going Back on Gold – Forbes

MARKETS/INVESTING
Oil falls below $99 amid mixed US economic signals – AP
Gold Declines as Stronger Dollar Curbs Demand – Bloomberg
Tidal wave of gold demand coming: WGC – Commodity Online
Recent volume suggests decline is a mere correction – MarketWatch
China asset managers rush to launch resource investment funds – Mineweb
A technical case for a bottom in 30-year T-Bond rates – Peter Brandt
S&P 500 Drop Could Force Fed’s Hand: Analyst – CNBC
Institutional investors miss gold, bonds – MarketWatch
The Stock Correction Is Over – Kudlow, National Review

ECONOMY/WORLD/HOUSING/BANKING
OECD leading indicators point south – Data Diary
Small businesses barely keeping afloat – MarketWatch
China Coal Consumption and The Great Doubling – Gregor
Greek Unions Stage Strike Against Austerity – Bloomberg
How China Could Yet Fail Like Japan – Financial Times
Report: UK ministers ignored ‘peak oil’ warnings – Guardian
BofA completes more short sales than REOs – Housing Wire
UCLA: Calif. housing ‘completely imploded’ – O.C. Register
Push to Unload Bank-Owned Properties Squeezes Out Investors – CNBC
Bernanke: Debt Limit ‘Wrong Tool’ for Forcing Budget Cuts – Bloomberg
Empire State Rebellion: Anonymous vs. the Fed – examiner.com
Simon Johnson: The Big Banks Fight On – NY Times

MUST READS
Euro Finance Chiefs Race to Avert Greek Default – Bloomberg
Sputtering economy could complicate debt talks – Reuters
China Raises Reserve Ratios After Inflation Stays High – NY Times
No Way for America To Escape China’s Inflation – CNBC
Interview With ECRI’s Lakshman Acuthan – Daily Capitalist
The Secret To Texas’ Success: They Build Houses There – ThinkProgress
Ayn Rand’s ‘Death of the Soul of Capitalism’ – MarketWatch
The coming global financial crisis – Jubak, MSN Money
What QE3 could look like – Credit Writedowns
Minnesota prepares for shutdown – CNN/Money
The Gold Standard: Myths and Lies – Mises
It’s the Debt, Dummy – The Burning Platform

MARKETS/INVESTING
Oil slips to $97 amid global economy fears – AP
Gold bounces after 1 pct fall; jewellers buy – Reuters
How I know another gold correction is coming – StockHouse
David Einhorn’s Huge Short Is On An Unbelievable Winning Streak – BI
How ETFs can help you survive in another bear market – MarketWatch
Small-stock index crosses ‘correction’ threshold – LA Times
What to do with all that cash? – FT Alphaville

ECONOMY/WORLD/HOUSING/BANKING
The Keys to Economic Growth – Ron Paul
Soft patch or briar patch? – MarketWatch
The Economic Statistic Elites Keep ‘Hush-Hush’ – lewrockwell
India inflation rate rises more than expected – BBC
Food costs keep U.K. inflation at two-and-a-half year high – Telegraph
UBS: Depression or double-dip? One of them’s in the eurozone – FT Alphaville
Southern Californis housing market sputters in May – LA Times
Bernstein: BofA May Post Added $27 Billion in Housing Losses – Bloomberg
Real estate scavengers flip foreclosed homes in Sacramento area – SacBee
Inept Obama “Anybody but Warren” Stance Reveals Fundamental Divide – Naked Capitalism
Anonymous hacker group goes after Federal Reserve next? – Washington Post
Fed gets a taste of painful exit strategies – Reuters

MUST READS
Flawed Titan of the Fed – Newsweek
In Greece, Some See a New Lehman – NY Times
How to avoid a lost decade – Summers, Washington Post
China PBOC official: Use forex to curb inflation – MarketWatch
‘Perfect Storm’ May Threaten Global Economy: Roubini – Bloomberg
The Swamp of Washington and the Morass of the Economy – Robert Reich
High-profile gold trader probed in tax scam allegations – Financial Post
The Bilderberg Conspiracy Unmasked – Daily Capitalist
Obama Seeks to Win Back Wall St. Cash – NY Times
Main Street frets over depre$$ion – NY Post
All Atwitter With Investment Tips – Barron’s

MARKETS/INVESTING
Oil falls to near $98 on Saudi crude output boost – AP
Gold falls on dollar, safe-haven status supports – Reuters
Here’s The REAL Reason Bank Stocks Are Getting Smoked – Business Insider
Summer pullback seen for gold but bullish for rest of year – Mineweb
India tops in gold demand, China tops in transactions – Commodity Online
Markets Down 6 Weeks Consecutively (and that means…) – TBP
Gas prices headed downward, survey finds – CNN
Internal Injuries – Hussman Funds

ECONOMY/WORLD/HOUSING/BANKING
Dude! Where’s My Recovery? – Debt Watch
Strategic Briefing: U.S. GDP Forecasts – Capital Spectator
ECB and Germany May Be Forced to Compromise – Bloomberg
China’s bank lending dips as authorities tighten policy – BBC
BOE turns to Google to shed light on economic trends – Guardian
Chinese vs US Vehicle Fleets – Early Warning
Housing Market Rebound May Take a Very Long Time – HuffPost
We’re Near the Bottom: Is It Time to Buy a House? – Fiscal Times
Small Banks, Big Banks, Giant Differences – Bloomberg
Jim O’Neill of Goldman Sachs Sees QE3 – Zero Hedge
Bank Of America Faces New Probe – HuffPost

MUST READS
America’s lost trillions – CNN/Money
China ratings house says US defaulting: report – AFP
No More Fed Easing Unless Stocks Drop More: Tepper – CNBC
Food prices climb further at grocery stores – MarketWatch
Why Washington Has No Plans to Ride to the Economic Rescue – Time
Economy’s I-Told-You-So Naysayers Hold a Reunion – Baum, Bloomberg
Shiller: Home-Price Declines of 10% to 25% ‘Wouldn’t Surprise Me’ – Bloomberg
The Handling of the Economic Crisis May Lead to Civil Unrest – TBP
2010 Oil Story: Drawing Down the Inventories – Gregor
Saudi offers Asian refiners more oil -sources – Reuters
Read this speech, then sell the dollar – Economist
The Case against Raising the Debt Ceiling – Mises

MARKETS/INVESTING
Oil slips below $101 in Europe on stronger dollar – AP
Gold ticks down on dollar; debt worries support – Reuters
The significance of OPEC announcements – EconBrowser
Opec Likely to Regroup When the Price of Oil Falls – WSJ
Corn futures rise after USDA cuts crop outlook – MarketWatch
S&P raises gold and base metals price assumptions for 2011 – Mineweb
It’s time to bet against the government – MSN Money
Divided OPEC Losing Control of Oil Market – CNBC
Dr. Paul’s Case for Gold – Mises

ECONOMY/WORLD/HOUSING/BANKING
Companies Spend on Equipment, Not Workers – NY Times
Economic Policy Out Of Ammunition As Consumers Retrench – Comstock Funds
In Hyperinflation’s Aftermath, How Germany Went Back to Gold – Forbes
Investor Jim Grant Says ECB ‘Factually Insolvent’ – WSJ
Moody’s: Voluntary Buying of Greek Debt Hard to Imagine – Bloomberg
Squatter Nation: 5 years with no mortgage payment – CNN/Money
Poor are lured to housing market – San Francisco Examiner
Housing recovery to be drawn out: Fed’s Yellen – MarketWatch
Treasury Waves Wet Noodle at Big Banks Over HAMP Abuses – Naked Capitalism
Fed became second-largest Treasury investor in Q1 – Reuters
QE2 – The Bernanke Chronicles – The Burning Platform

MUST READS
Too Radical a Debt Plan From Greece – NY Times
We Are Not Getting More Stimulus: Analyst – CNBC
Pimco’s Gross says there will be no QE3 – Reuters
Soaring inflation? Not with 9% unemployment – USA Today
Eurozone interest rates kept on hold at 1.25% by ECB – BBC
Bank of England holds interest rates at record low – Telegraph
Brown’s Tax Program Heads for Showdown as Budget Deadline Looms – Bloomberg
Whitney: ‘More Validation’ Everyday Of Muni Debt Crisis – HuffPost
Meredith Whitney on Muni Market: Doubling Down on Wrong – HuffPost
The scandalous way thrift is still losing out to profligacy – Telegraph
China Risks Inflation Getting Out of Hand: Expert – CNBC
Split by Infighting, OPEC Keeps a Cap on Oil – NY Times

MARKETS/INVESTING
Oil rises above $101 after OPEC output unchanged – AP
Gold Weaker, Silver Higher, Economic Data Awaited – Kitco
Corn Surge Spurring U.S. Hog-Herd Slaughter – Bloomberg
Edward Steves and his Million Dollar Gold Arbitrage – GoldShark
Morgan Stanley: Commodity prices should snap higher in H2 – Mineweb
Why Soros was unable to create ripples in gold market -Commodity Online
No More Money Printing Means S&P at 1,200 – CNBC

ECONOMY/WORLD/HOUSING/BANKING
Fed: U.S. Economy ’Steady’ in Most Areas – Bloomberg
When Will Happy Days Be Here Again? – Knowledge@Wharton
How Long Before The Unemployed Find Work Or Give Up? – HuffPost
‘Tired of Obama’ Taking Keynes’ Name in Vain – CNBC
Brazil Signals More Rate Increases to Come – Bloomberg
Troika says Greek aid hinges on new financing plan – Reuters
New rules could shut all but ‘white and wealthy’ out of housing – Daily Mail
Las Vegas land prices down 83 percent from 2007 peak – Vegas Inc.
Dimon Challenges Bernanke on Wall Street Regulation – Bloomberg
Fed’s Plosser warns of inflation risks from QE – Reuters
Sizing up the Fed’s few options – Fortune

MUST READS
Schaeuble: Greece needs more aid – BBC
OPEC talks break down, no deal on output – Reuters
Bernanke: Economy can withstand recent setbacks – Washington Post
US Federal Reserve chairman sends stocks falling – Guardian
Five key quotes from Bernanke’s speech – MarketWatch
China warns U.S. debt-default idea is “playing with fire” – Reuters
Obama Adviser Goolsbee Leaves Behind Frustration, Dysfunction – HuffPost
World Food Prices Linger Near Record as Meat and Dairy Costs Gain – Bloomberg
Oil, food prices brake global growth: World Bank – ChannelNews Asia
The Times’ Andrew Ross Sorkin Gives Goldman a Rubdown – Taibblog
Ron Paul: I’m Running Against Keynes – Lew Rockwell
Second-Mortgage Misery – WSJ

MARKETS/INVESTING
Oil surges as OPEC maintains production level – AP
Gold, Silver Lower on Profit Taking, Correction – Kitco
Factbox: For and against OPEC output ceiling rise – CNBC
Despite Opec’s Viennese whirl, the dollar is what determines oil prices – Telegraph
Why Gold Above $15,000 Is Realistic Without Hyperinflation – DailyCap
Marc Faber: Why I am bullish on gold – Commodity Online
Commodity prices are topping now! – Peter Brandt
Bernanke pushes back on oil prices – Fortune

ECONOMY/WORLD/HOUSING/BANKING
America’s own ‘Lost Decade’ – CNN/Money
The Economy Is Worse Than You Think – Feldstein, WSJ
ECB, Germany head for clash over Greece – MarketWatch
Governments Use Blunt Instruments to Foster Economic Growth – WSJ
A European Generation Takes to the Streets – Spiegel
It’s Bubble Time as Asia Braces for Fed’s QE3 – Bloomberg
Greek Jobless Rate Breached 16 Percent for First Time – Bloomberg
CoreLogic: Negative Equity by State and more – Calculated Risk
Housing Market Has Persistent Case of the Blahs – Bloomberg
Bernanke takes his critics back to school – MarketWatch
Clear Message From the Fed – FedWatch
Bernanke: I Didn’t Do It! – PragCap