Russia’s ‘Crime Of The Century’ Highlights Importance Of Anonymous, Public Whistleblowing TechDirt (hat tip furzy mouse)
Money Can’t Buy Happiness: Individualism a Stronger Predictor of Well-Being Than Wealth, Says New Study Science Daily. So they are basically saying the Japanese are less happy, if you believe this research. I have a sneaking suspicion there is big time cultural bias in the study design.
Why Isn’t Wikileaks Getting the Attention It Deserves in U.S. Media? AlterNet (hat tip reader furzy mouse)
NOAA expects largest ever dead zone in Gulf of Mexico McClatchy (hat tip reader Buzz Potamkin)
Militia set up within Iraqi ministry, Maliki says McClatchy (hat tip reader Buzz Potmakin)
Private Insurers Fail at Keeping Prices Down in Massachusetts Jon Walker, FireDogLake
Wall Street’s Latest Manufactured Outrage Kevin Drum, Mother Jones (hat tip reader furzy mouse). We linked weeks ago to Dean Baker pegging the costs even lower, at 13 basis points.
The SEC Just Refused To Hand Over Details Of SAC’s Trades To Senator Grassley And He’s Pissed Clusterstock (hat tip reader furzy mouse)
Consumer Spending Remains Weak: Small Business Optimism Dips Lower in May NFIB (hat tip reader Carol B)
The US economy flirts with its stall speed Gayvn Davies, Financial Times
Sell On The Rallies- Don’t Buy On the Dips Robert Lenzner, Forbes. A most un-Forbes-like headline…
US inflation rise ties Fed’s hands on further easing Financial Times. This quote towards the end was almost comical
The National Association of Home Builders’ sentiment index unexpectedly fell to 13 in June from 16 in May, the lowest level in nine months, heightening concerns over the struggling real estate sector. Readings below 50 indicate that most builders judge the market as poor. Economists had expected the index to hold at 16 for another month; the reading has not come in above 50 in five years.
“Unexpected”? To whom?
Paulson Funds Struggle as Big Bets Backfire; Gold Works Wall Street Journal. I’m not surprised. His returns had been so high that he had to be taking concentrated bets. And having such non-existent due diligence as to invest in Sino Forest? OMG, read John Hempton on that one (and a funny update).
How Big Banks Displace Families Who Rent Progress Illinois (hat tip Lisa Epstein)
America for Sale Dylan Ratigan, Huffington Post
Basel, Tomato, And Mozzarella Simon Johnson
Plus an AM update from reader Hubert, who is probably in Munich. Any comments?
Something is going on in the money markets.
I do not know, if it is a blip to be corrected with the next bailout money.
Or a US ruse with the downgrade of the French banks to get attention away from the US.
Or real trouble coming up.
But Eurodollar funding is getting more expensive here. We are only talking 10 basis points for DEZ 11 ED so far but it blips up on the screens.
Antidote du jourL