Wednesday 27th June

Tough times for energy stocks, good times for investors. Crude oil has been trading below $80 (U.S.) a barrel for the past three trading days, looking increasingly comfortable with the low side of the threshold and causing a great deal of pain to Canada’s oil patch. {http://www.theglobeandmail.com/globe-investor/markets/market-blog/tough-times-for-energy-stocks-good-times-for-investors/article4368071/}

Cheap oil won’t save the world’s economy
{http://www.washingtonpost.com/blogs/ezra-klein/wp/2012/06/25/cheap-oil-wont-save-the-worlds-economy/}

Dating crises
The cruelest month of the cruelest year {http://www.economist.com/blogs/freeexchange/2012/06/dating-crises}




Where Does Money Come From? The Giant Federal Reserve Scam That Most Americans Do Not Understand {http://theeconomiccollapseblog.com/archives/where-does-money-come-from-the-giant-federal-reserve-scam-that-most-americans-do-not-understand}

Houston, we have an overcapacity problem
86 pages of pure unadulterated oil porn focused on why we are not, contrary to popular belief, running out of oil.
{http://ftalphaville.ft.com/blog/2012/06/26/1060031/houston-we-have-an-overcapacity-problem/}


Why (Almost) All of Us Cheat and Steal
Behavioral economist Dan Ariely talks about why everyone's willing to cheat a little, why you'll steal a staple from work but not petty cash and whether punishments for cheating actually work
'1% of people would never steal, another 1% would always try to steal, and the rest of us are honest as long as we’re not easily tempted.'
{http://business.time.com/2012/06/18/why-almost-all-of-us-cheat-and-steal/#ixzz1yyTBdm6X}

George Soros on the Euro Crisis
'A Tragic, Historical Mistake by the Germans'
With the EU summit set to start on Thursday, pressure is on European leaders to find a way out of the euro crisis. Investor George Soros is pessimistic that a solution will be found and says time is extremely short. In an interview with SPIEGEL ONLINE, he warns that Germany could develop into a hated, imperial power. {http://www.spiegel.de/international/europe/george-soros-says-germany-must-change-course-on-euro-crisis-a-841061.html}