Overalottment: July 1

July 2nd, 2009 | Categories: Market Minds, Zero Hedge

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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Overalottment: July 1

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