Double Dip?

(1) What are the odds? (2) State and local fiscal drags likely to start on the First of July. (3) Federal fiscal drag coming early next year. (4) Another inventory wipe-out unlikely. (5) Weak euro and pound should give Europe a boost. (6) Is it austerity or sanity? (7) Credit rating agencies working for the Bond Vigilantes, for a change. (8) Hoyer’s trial balloon. (9) Central banks morph into TARPs. (10) No surprise: Housing takes a dive after tax credit terminated. NOTICE: Our Morning Briefings are now available on FactSet.