Economy News for Wed 16 May 2012

TMFR Podcast #19: Jim Willie

http://www.tfmetalsreport.com/podcast/3782/tfmr-podcast-19-jim-willie

"Jim ties together today's seemingly unrelated headlines of European sovereign debt, JPM hedging losses and paper gold price drops and ties them all together into a tidy little package that clearly shows where we are headed in the not-too-distant future.

Housing Starts Join US Factories Topping Forecasts

http://www.bloomberg.com/news/2012-05-16/beginning-home-construction-in-u-s-exceeded-forecasts-in-april.html

The Bank Runs In Greece Will Soon Be Followed By Bank Runs In Other European Countries

http://theeconomiccollapseblog.com/archives/the-bank-runs-in-greece-will-soon-be-followed-by-bank-runs-in-other-european-nations

The $1.024 Billion Bank Run

http://johngaltfla.com/wordpress/2012/05/15/the-1-024-billion-bank-run/

Why A Greek Exit From The Euro Would Mean The End Of The Eurozone

http://theeconomiccollapseblog.com/archives/why-a-greek-exit-from-the-euro-would-mean-the-end-of-the-eurozone

Oil, Gold Slide As Dollar Gains On Greece, Stocks Retreat

http://www.bloomberg.com/news/2012-05-16/asian-stocks-oil-yen-fall-on-greek-talks-japan-orders.html

Oil Price Still Falling As Supplies Grow

http://finance.yahoo.com/news/oil-price-still-falling-supplies-163535560.html;_ylt=AozgBOxPXzsaHIdYiTmhrIqiuYdG;_ylu=X3oDMTQxNmk0c2lyBG1pdANOZXdzIFRvcGljIDIEcGtnAzA3ZmQxNjg5LWM5ODEtMzczNS1hNjM1LTNhNTgyM2YwODE1MgRwb3MDMQRzZWMDTWVkaWFTZWN0aW9uTGlzdFRlbXAEdmVyA2E3ODY2YmEwLTlmNzUtMTFlMS1iZmU3LTg5MjVjOGI1NmI2Mg--;_ylg=X3oDMTFpNzk0NjhtBGludGwDdXMEbGFuZwNlbi11cwRwc3RhaWQDBHBzdGNhdANob21lBHB0A3NlY3Rpb25z;_ylv=3