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Hedge funds raise bets against euro – FT.com Hedge funds are raising their bets against the euro amid growing fears of a regulatory backlash against their trading positions on the specific sovereign debt of Greece and other weak eurozone economies. (tags: euro hedge_funds Greece debt) U.S. Said to Tell Hedge Funds to Save Euro Records … Read more

Illinois stuck in a ‘historic, epic’ budget crisis – chicagotribune.com Talk of major tax increases coupled with draconian spending cuts is building in Springfield (tags: Illinois govt_spending debt) Ritholtz on Bailouts, the Fed, and the Crisis | EconTalk | Library of Economics and Liberty Barry Ritholtz, author of Bailout Nation: How Greed and Easy Money … Read more

Pound Has Problems of Its Own – WSJ.com While experts debate the fate of Europe's crisis-racked currency, it appears the British pound may be heading for its own little nightmare. (tags: British_pound currency) More Often Than Not, the Insiders Get It Right – CNBC Corporate insiders are sending fairly positive signals about the market. When … Read more

How long can the U.S. dollar defy gravity? The only time the U.S. dollar ever took a serious shellacking in the marketplace, the wounds were almost entirely self-inflicted. (tags: U.S._dollar)

Greek PM says worst fears confirmed on economy | Reuters Greek Prime Minister George Papandreou told parliament on Friday, after a visit by EU economic inspectors, that the worst fears about Greece's economy had been confirmed. (tags: Greece govt_spending debt economy) EU Debt Crisis: Banks Bet Greece Defaults on Debt They Helped Hide – CNBC … Read more