“Work eight hours and sleep eight hours and make sure that they are not the same hours.”

– T. Boone Pickens

Regulatory crackdown on Goldman begins Zero Hedge

Nobel Prize winner: dollar reserve system is falling apart The Daily Crux

The calm before the financial storm The Daily Reckoning

How China is stealing our future Energy Tribune

The lie about high frequency trading liquidity The Market Ticker

Federal Reserve loses big lawsuit Zero Hedge

Insight: Do not fear falling bond prices FT

How big Swiss bank is protecting its clients against inflation Bloomberg

The prices are so cheap they’re stupid DailyWealth

Government claims that Goldman has stock manipulation software The American Prospect

Pity the poor rich! Pity the poor! Pity us all!

No currency movement to speak of… Buffett calls out the deficits… PIMCO does too! SNB selling francs to stem gains… nd Now… Today’s Pfennig!

Several key second-quarter earnings reports could either validate or undercut assertions that the U.S. economy is poised for recovery.

Currencies trade in a tight range again…U.S. Retail Sales are a clunker! RBA’s Stevens is upbeat! Thoughts on Brazil…And Now… Today’s Pfennig!

“It looks like things are finally turning around,” said a friend at Saturday night’s dinner. “Not at all… ” we replied. Paul Krugman says the world “avoided a second Great Depression.” He’s wrong too.

At the Agora Financial conference in Vancouver, I participated in a panel that attempted to name “the trade of the decade.” Many of the recommendations involved commodity or resource plays.

Currencies trade in a tight range… Again! Continuing Claims rise…Bank of England adds to QE! UGH! Swiss franc posts 5 weeks of gains…And Now… Today’s Pfennig!

Social Security? Not Exactly