Can you spell monetization? Federal Reserve Accounts For 50% of Second Quarter Treasury Purchases [1] (Thanks to GG for the link.)
GG also flagged this piece in the Globe and Mail: Desperately seeking an exit strategy. (Roubini says debt monetization and inflation “the path of least resistance” [2])
J.O. suggested this piece by Peter Schiff: Lehman Brothers Revisited [3]
Items from The Economatrix:
UK: Crude Price “Shock” Next Threat to Recovery [4]
UK: Markets in Government-Fueled Bubble Says Hedge Fund Manager
US Debt Crisis May Cause “Fall Of Rome” Scenario [5]
Things are Getting Better? [6]
Thank The Fed for Your Lack of Purchasing Power (The Mogambo Guru)