Here's what we're following this morning:

 (via Dangerous Minds)

Good thing that the press doesn't care about fact-checking or sourcing - Der Spiegel via Zero Hedge | Bond buying - ON.  No, wait; bond buying - OFF.  Uh...hold the phone; bond buying - ON...or did I mean OFF?

CEO of PFG Best didn't really MEAN that he embezzled all that money - Wall Street Journal via Dealbreaker | C'mon.  We've all written those angry emails and clicked REPLY ALL and totally regretted it.  Since when does the "I didn't really mean it the way you read it" argument count any longer?

Meet your president - Counterpunch | They both will serve the ruling class: one clearly, one with less evident intent.

Remember the healthcare summit?  We do. - Fox News via Never Yet Melted | No comment.

When the weakest critical part fails, the Machine breaks down - Charles Hugh Smith | As long as consumers consume, everything's a piece of cake.  Once that consumption takes a breather, however, that cake looks more like roadkill.

Economists (no pun intended) weigh a Chinese hard landing - Financial Times | A hard landing in China would look like Q4 of 2008 and Q1 of 2009.  History books, anyone?

Constructive tone and rotations - Market Montage | Until the price action changes, one has to march to the band leaders' direction.

Former central bankers speak out against central banks - SNBCHF Blog | "What good would it do to put still more out there?"  What good, indeed?

The Greek bailout sham is getting gummed-up - Testosterone Pit | The government is out of money.  No, seriously.  Stop laughing.  I wasn't telling a joke.

Man forced to work in jail laundry while awaiting trial sues for "slavery" - Boing Boing | If you're not-yet-convicted, then what's the precedent for the present situation?