Default Risks

(1) Will the US default before Greece does? (2) 10% of federal revenues cover interest payments. (3) Medicare needs intensive care. (4) Tax revenues rebounding. (5) Will Greek debt get “reprofiled”? (6) Or is Greece the next Lehman? (7) BIS data show European banks deep in PIGS. (8) Markets continue to rotate from Go Global to Stay Home. (9) What’s wrong with the banks? (10) Retail sales and inventories data confirm soft patch scenario. (11) Retailers are no longer on sale. (12) “Thor” (-).