NY Times: "Shanghai is Trying to Untangle the Mangled English of Chinglish" also be sure not to miss the slide show.
Calculated Risk: "Fed Discussed Possible Housing Bubble in 2004"
"MR. KOHN [Fed Governor]: House prices are elevated relative to rents—and will look even more so when rates begin to rise—but are more likely to correct by rising less rapidly than by crashing. >Eggs will get broken when rates begin to rise, but the capital in most intermediaries is high, and the system is resilient."
Also from CR: "96.5% of Mortgages Backed by Government Entities in Q1"... Holy schnikeys...
Jesse's Cafe Americain: Muni Bond Contrary Indicator?
ZeroHedge: "Greece Bailed Out to get in Even More Debt."
And In case you missed my posts recently: 1) Greece Tax Dodgers and 2) Lies from GM