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- Rockets: $US
- Pulverised: CRB, energy
- Only smashed: Aussie, grains, metals, gold, euro
- Up: ore
- Ragin’ contagion:
| Greece | 2 Year | 5 Year | 10 Year |
| Portugal | 2 Year | 5 Year | 10 Year |
| Ireland | 2 Year | 5 Year | 10 Year |
| Spain | 2 Year | 5 Year | 10 Year |
| Italy | 2 Year | 5 Year | 10 Year |
| Belgium | 2 Year | 5 Year | 10 Year |
| France | 2 Year | 5 Year | 10 Year |
| Germany | 2 Year | 5 Year | 10 Year |
- Anatomy of the crash. FT
- Barosso pushes the panic button. Letter (h/t Calculated Risk)
- Italy is a major problem. WSJ
- Italian police raid rating agencies. Zero Hedge
- Now Spain pulls its bond auction. Zero Hedge
- ECB buying Italian bonds. Zero Hedge
- Interbank liquidity drying up. Pragmatic Capitalism
- On the edge, again. Tim Duy
- BNY Mellon charges to take deposits. Reuters Yes, charges…
- China’s middle class revolt. FT
- Crises of government. FT
- Currency takes the cream off Rio. FT
- Infrastructure blues. Adele Ferguson
- PC on productivity. Stutchbury
- Commodities to withstand slow growth. Bloomberg
About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific's leading geo-politics and economics portal.
He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.