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Wednesday, June 13, 2012

Monetary

News                                                                                                                             
Market Watch | U.S. producer prices plummet 1% in May
Lower costs energy and food pulled the U.S. producer price index down 1.0% in May, the Labor Department reported Wednesday, in the biggest one-month drop in close to three years.
Bloomberg | World Bank Says It’s ‘Very Open’ to Selling More Dim Sum Bonds
The World Bank may issue yuan- denominated bonds in Hong Kong again when borrowing costs become more favorable, according to Michael Bennett, its head of derivatives and structured finance.

Econ Comments & Analysis                                                                                            
WSJ | How the Euro Will End
The euro is the world's first currency invented out of whole cloth. It is a currency without a country. The European Union is not a federal state, like the United States, but an agglomeration of sovereign states.
Investors | The Economy Doesn't Need Any More Action From The Fed
Some Federal Reserve Bank presidents and governors are talking about the possibility of further action to encourage growth in the economy. What planet are they on?

Blogs                                                                                                                             
WSJ | Economists Say Inflation Won’t Stand in Way of Fed Aid
The looming Federal Reserve meeting has economists locked in a full scale debate over whether weak economic data will force officials to provide more stimulus to the economy.