Here is your Crux AM update:
Debt explosion: Why the dollar will sink for a long, long time...
Warren Buffett and Bill Gross both see currency debasement ahead.
Why oil will drop 16% in July
"Oil prices are rising way ahead of reality..."
America now has the dumbest fuel efficiency rules in the world
The new MPG policy puts Detroit "at war with their customers."
Obama tells nation "We are out of money"
And it's only going to get worse...
GM bankruptcy to cost $40-$70 BILLION
It's all going to lawyers and bankers...
PIMCO buying "stupidly cheap" sector
They're at a seven-month high, but still cheap.
Regards,
The Daily Crux
www.thedailycrux.com
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