◼ ...as measured in the unofficial Misery Index that simply totals the unemployment and inflation rates, is at a 28-year high, reflective of how weak the economic recovery has been and how far there is to go.
◼ Dr. (Ron) Paul sees inflation now in food and services but believes it will feed into the labor market imminently. Big-time price inflation will be the next shoe to drop for the U.S. economy, he says, as the Fed stays rooted in its money-printing-addiction. The result would be a "downturn much worse than the stagflation of the 70's." - thestreet.com
◼ Wall Street Braces for New Layoffs as Profits Wane - CNBC
◼ World shares slump on default fears Yahoo Finance
◼ Instant view: Consumer sentiment slips in June - Reuters
But: ◼ (David) Axelrod says, It's Still 'Cool To Be An Obama Supporter'...
