Here's an excellent analysis by Peter Tchir on the Europe situation. [more]
Greece will probably default and exit the Euro in the next few months. Other periphery countries like Portugal and Ireland will probably follow them. The Eurozone could break up later this year or next. Europe is entering a recession and if austerity is enforced, they will face a depression. The main problem of trade imbalances is not being addressed - Germany needs to run a trade deficit. [more]
Netflix metrics on Alexa.com are mostly flat or slightly down over the past few months, but one stands out, search %, because it has seen such a striking dropoff.
This article is a must-read for anyone following Europe. Michael Pettis outlines why periphery countries could experience a bank run. I really wonder who still has their money in Greek banks.
CME raises maintenance margin on all products. ZH link here. I don't know much about futures but this sounds like a pretty big deal. Could see some fireworks on Monday... any thoughts?