- William Pesek: Suitcase with $134 billion puts dollar on edge (Bloomberg, hat tip Mike)
- No inflation: CPI rises less than forecast in May (Bloomberg)
- Mortgage applications fell 16% last week (Bloomberg)
- Current account trade deficit drops 34.5% to $101.5 billion (AP)
- FedEx reports larger loss, gives low outlook (Reuters)
- Fed weighing using FOMC statement to damp rate-rise speculation (Bloomberg)
- Obama to limit fed lending power, grant systemic role (Bloomberg)
- Checkmate at the Yellowstone Club (NYT, which seems to read ZH a lot)
- Goldman Sachs to repay $10 billion in government funds as the market starts to roll over (AP)
- Sorry Krugman - stimulus does not stimulate (Forbes)
- Foreign banks are stalking a weaker Wall Street (NYT)
- GoldmanSachs666 status update (GS666)
- Moody's says it may downgrade bank subordinated debt (Bloomberg)
- Obama aspires to "light touch" (WSJ)
- S&P 500 - What's priced in? (Value Expectations)
- ...As the U.K.'s "light touch" is set to get heavier (WSJ)
- U.S. Dollar: the good, the bad, and the ugly (Merk)
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