- Obama's budget relies on military cuts and tax increases (NYT)
- Moody's downgrades 6 EU nations (NYT)
- Australia lifts wheat exports to record (Agrimoney)
- Copper imports to China may remain robust over the next few months (BB)
- Greek economy shrinking rapidly (WSJ)
- Japan's central bank eases (WSJ)
- Abolishing the Fed and returning to the gold standard is a really bad idea (Econbrowser)
- Comparing truck and rail car numbers (Dr. Ed.)
- Middle class primarily benefiting from the safety net (Economix)
- European sovereign spreads making new lows (Bespoke)