Oil Price Manipulators Squabble

Ignore the government propaganda on inflation, and just watch to price of oil to estimate real price inflation and the weakening of the US dollar.
Oil price jumps as Opec holds production quotas - Telegraph: www.telegraph.co.uk/finance/newsbysector/energy/oi....html
http://chumly.com/n/988cc2

US Debt get Downgrade

The debt ceiling is not the issue concerning the world, decades of irresponsible spending and a refusal to change our ways are what make us look PIIG-ish.
Jesse's Café Américain: European Credit Agency Downgrades US Credit Rating from AAA to AA: jessescrossroadscafe.blogspot.com/2011/06/us-credi....html
http://chumly.com/n/988cb2

Syria Becoming Less Stable

Possibly America's biggest national security blunder is being entirely dependent on foreign oil, which means dependent on the Middle East, an area which could become a smoking cauldron any day now. It is time for the states to manage America's energy resources, so the Federal govt. can no longer lock them up.
This Syrian tinderbox could set fire to the region | Simon Tisdall | Comment is free | www.guardian.co.uk: www.guardian.co.uk/commentisfree/2011/jun/07/syria...egime
http://chumly.com/n/982cfa

Government Employment is the Job Market

Government spending is the economy, and so when spending shrinks, our real economic trouble starts. Do we have the cultural fortitude to get back to a sustainable footing?
State, local governments set to see record job cuts, layoffs - Jun. 5, 2011: money.cnn.com/2011/06/05/news/economy/state_local_...x.htm
http://chumly.com/n/982bfa

US Today Does the Math on Federal Debt

"Corporations would be required to count these new liabilities when they are taken on — and report a big loss to shareholders. Unlike businesses, however, Congress postpones recording spending commitments until it writes a check."
U.S. funding for future promises lags by trillions - www.usatoday.com: www.usatoday.com/news/washington/2011-06-06-us-owe...lskip
http://chumly.com/n/982ba6

The Brits Mull Over Our Cultural and Financial Decline

Couldn't agree with the last lines more: "Above all, America must rediscover the qualities that originally made it great. That will not be easy."
Decline and fall of the American empire | Business | The Guardian: www.guardian.co.uk/business/2011/jun/06/us-economy...enges
http://chumly.com/n/982a23

Euro Still Mired in Greece

When economies become dominated by government spending, as in Greece and US, they require constant transfusion from the outside just to stay alive. As sick as the Euro looks, the dollar is right there with it. The dollar index is close to all time lows, and the dollar index does little more than compare the dollar to the Euro. Think about that.
A Fatally Flawed Recovery Plan: Greece Back on the Brink - SPIEGEL ONLINE - News - International: www.spiegel.de/international/europe/0,1518,766809,....html
http://chumly.com/n/97c0a6