Money & Markets – Week of 5.13.12

Cost of Greek Exit From Euro Put at $1tn
The Guardian (16 May 12)

Screeching Halt in China; Weak Trade Data; Imports and Exports Fall Way Short of Expectations; Credit Crunch Underway; Feeble Forecasts From Pimco, Others
MISH’S (15 May 12)

Greek President Told Banks Anxious as Deposits Pulled
Bloomberg (16 May 12)

Exclusive: ECB Stops Operations With Some Greek Banks
Reuters (16 May 12)

Euro Officials Begin to Weigh Greek Exit as Euro Weakens (Update 1)
Bloomberg (14 May 12)

CORRECTED-UPDATE 1-California Budget Hole Deepens to $16 bln – Governor
Reuters (13 May 12)

JPMorgan Used Political Influence With Fed and Treasury to Create London Loss Loophole In Volcker Rule
Jesse’s Café Américain (12 May 12)

Greece Exit, Euro-Zone Collapse, Spain and Portugal Will Follow Within 6 Months
Market Oracle (12 May 12)

Your Retirement Health-care Tab Will Run $240,000
Market Watch (9 May 12)

JPMorgan Loses $2 Billion in Chief Investment Office
Bloomberg (10 May 12)