Here's some stuff you need to catch up on:
Calculated Risk - ISM of 52.8 in May. New orders was 55.8%.
Calculated Risk - construction spending increased 2.2% in April. Also it's up 4.8% yoy. So there still is growth in capital investment.
Calculated Risk - preliminary May vehicle sales at 17.7M SAAR. Again, still looks like the US economy is growing, mister doomer.
Calculated Risk - hotels have best April ever. So obviously the US economy is still growing.
WSJ RTE - inflation misses 2% target for 36th straight month. So the Fed really should have no problem with inflation overshooting, since that 2% is a target and not a limit. In fact, Krugginator was saying over a year ago that the Fed should have acted "credibly irresponsible" to increase inflation expectations.
WSJ RTE - developed-country inflation hits fresh low. Gee, WSJ is really concerned about inflation all of a sudden, eh? Don't they realize their plutocrat bosses like low inflation?
Krugman - the age of derp, Kansas edition. Do read up on Kansas: it's a dismal failure of supply-side Republican economics.
Mining.com - the real value of gold in the ground. A presentation from Mickey Fulp.
der Spargel - interview with a paid Kremlin troll. This bit was interesting:
SPIEGEL ONLINE: If there are no contracts, then how are salaries paid?You think maybe they might be getting their money from the Interior Ministry?
Savchuk: Under the table, with cash. They don't pay any taxes or make any pension contributions. But it is good money: 50,000 rubles a month, or about €800. But nobody knows exactly where the money comes from. As a concerned citizen, what upsets me is that there is no money in Russia for important social projects right now, but there is for this nonsense, for hundreds of trolls.