- Australia's trade deficit doubles in May (MarketWatch)
- Schizo China changes tune again, hopes dollar remains stable as reserve currency (Bloomberg)
- Unwinding AIG Prompts Pasciucco to Ponder Systemic Failure (Bloomberg)
- BOE official says banking system like South Sea bubble (Guardian h/t Steve)
- Podcast: Minsky framework explained (Mcculley, h/t Kyle)
- Obama enters decisive phase of presidency (FT)
- "Dickweeds", "Vampire Squids" and "Morons" (NY Mag)
- And on that note, TrimTabs details the BEA process of estimating personal income and personal savings, and why the reading is garbage (h/t John)
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