Flagged by KAF: US government to loan Petrobras $10 billion [1]. Note the comments in the article about increasing costs of exploration , and strong competition with China for new oil fields.
Also from KAF: Wish you weren’t here: The devastating effects of the new colonialists [2].
Cousin Al sent this: Soaring deficit may defy forecasts [3]. (A quadrupling budget deficit? Yikes!)
This Jay Taylor “Turning Hard Times Into Good Times” pod cast was linked from the Total Investor news aggregation site: Will Silver Outperform Gold? [4]
Items from The Economatrix:
China’s Wen: “The financial crisis is continuing to deepen and spread.” [5]
Coming Soon: Second Wave of Depression: Hyperinflation Likely [6]
Trader’s Brace for September Collapse
The Bill Is Coming Due [7] (The Mogambo Guru)
The Gifts That Keep on Taking [8]
Energy Prices Slump After Labor Report
Oil Prices Cloud Recovery Hope [9]
Testing Week For US Bond Investors [10]
Fed Buys $6.6 Billion in Treasurys [11] [Monetization leads inevitably to inflation!]
CIT Shares Fall on Bankruptcy Warnings