MUST READS The death of reason – Economist Jeff Gundlach: Donald Trump will win – CNBC Why Cruz, and the G.O.P., Lost to Trump – New Yorker Why the media will lift Trump up and tear Clinton down – Vox Donald Trump’s Greatest Self-Contradictions – Politico Trump’s Hard Truth for the GOP: Conservatism Doesn’t Matter – Fiscal Times The Long, Weird Kasich Campaign Gives In To Reality – Five Thirty Eight Little Girl Detained By Police After Trying to Buy School Lunch with Real $2 Bill – reason.com Canada’s Oil Sands Wildfire May Have Been Fueled by Global Warming – Scientific Americana ‘It’s a Fucking Ghost Town’: Inside Canada’s Fort McMurray As It Burns – Vice News The Circles of American Financial Hell – Atlantic Zimbabwe to print own version of US dollar – BBC The €500 banknote is dead – Quartz
MARKETS/INVESTING Stocks: 5 things to know before the open – CNN/Money Notes from the 2016 Ira Sohn Conference – Reformed Broker Oil rallies as Canada fire and Libya violence threaten supply – Reuters China’s Great Commodity Bubble Loses Air Before It Can Burst – Bloomberg Is China fueling a new commodities bubble? – CNN/Money Gold falls for fourth straight session on dollar rebound – Reuters The surprising force behind gold’s rally – Value Walk Druckenmiller: Get out of the stock market, own gold – CNBC
ECONOMY/WORLD/HOUSING/BANKING What’s behind the Recent Uptick in Labor Force Participation? – Atlanta Fed Runaway inflation is pinching the one group that can least afford it – MarketWatch Levy Economics: 90% Of Americans Worse Off Today Than In 1970s – Value Walk UK economy ‘near stalling’ as service sector slows – BBC Look Out, Loonie, Canada May Have Just Peaked – Bloomberg Rousseff’s woes mount as Brazilian senator backs impeachment trial – Reuters ‘Crazy’ real estate bidding wars infect Toronto suburbs – CBC The seeds of the next housing crisis have been planted – MarketWatch Drain No More: Fed Funds R.I.P – Dimartino Booth The Fed’s Risky New Mandate – Project Syndicate The Federal Reserve: CNBC Explains – CNBC
