Links: Illinois Budget Crisis, Commodities Relapse, Shipowners, Gold Chart and BP Foreign Interest

Supercharged global link-fest for July 5, 2010

Illinois facing 'outright disaster' amid budget crisis - MSNBC/NYT (h/t @future_shock)
Commodities `Relapse' May Last Through 1st Half of 2011, RBS's Moore Says - Bloomberg
Greek Shipowners Waiting for Lower Prices to Buy Vessels, RBS Banker Says - Bloomberg
Speaking of RBS: Bob Janjuah Leaves RBS - Zero Hedge

Paper Short Gold Positions Hit Fresh Record, EUR Reshorting Persists - Zero Hedge
Greece claims deficit cut by 40% in first half of year - BBC News
Mexico's drug war heats up near Arizona border - Associated Press
GOLD Chart-art… - iBankCoin (Scott Bleier)
China eyes shake-up of bank holdings, CIC could strip $220b bank stakes -
BP eyes stake sale as oil spill costs top $3 billion (sovereign wealth funds) - Reuters
Mideast buyers reported to be eyeing BP investment - AP
BP Says It May Finish First Relief Well by End of July, Ahead of Schedule - Bloomberg
Saudi Aramco Raises August Oil Prices to NW Europe, Extra Light to U.S. and Asia - Bloomberg
Gold Spot: 1,208.40, -0.43%, Silver Spot: 17.777, -0.52% (
Investment Grade CDS: CDX NA IG Series 14 133.50 +10.58bps +8.61% - h/t @CheekyBastardZH
Illinois CDS 360.30 bps, CPD% (default probability) 27.27% vs. Iraq 460bps CDP%, 28.05% - CMA
Ongoing pessimism sends TSX lower (Toronto) - TheStar (h/t @chinainvest)
China Shares Hit 15-Month Low on Economy Worries - ABC News (h/t @chinabizwatch)
Shanghai composite index hits 15-month low - AFP (h/t @ChinaInvest)
Israel eases Gaza blockade - Guardian
K1 Hedge Fund Manager Frerichs Committed Suicide, German Prosecutors Say - Bloomberg
España debe 3,5 veces su PIB, el tercer país más endeudado del mundo (Spain debt/gdp) -Euribor
Spain’s Cajas May Be Hiding Mortgage Losses, CreditSights Says - BusinessWeek
ECRI Rolls Over (Goldman Leading Indicator) - Pragmatic Capitalism (h/t abnormalreturns)
California state workers brace for minimum wage - AP
EU reveals backup plan for troubled banks - Reuters
With the US trapped in depression, this really is starting to feel like 1932 -
I found a decent Russian Site for bond market information -
Housing Sector Index vs. US Dollar - July 4 MacroTwits Hour video (link pending)

Also Read link-fest from Friday July 2: Reads: Biggs Sold His Stocks, Inventory Cycle Over -Goldman, Prechter vs. Acampora, Krugman vs. Paulson, Pending Home Sales -30% (May)