Eric S. sent us this: Peak oil production predicted for 2014; Predicting the end of oil has proven tricky and often controversial, but Kuwaiti scientists now say that global oil production will peak in 2014 [1].
Steve H. forwarded this: Potential Impact of Japanese Hyperinflation on the US Dollar [2]
From GG: China central bank sees dollar strength, global inflation [3]
“Ben in Tenn.” spotted this: Forget Greece…watch Cali [4]. Here is a quote: “Isn’t it ironic that according to the Controller of LA’s biggest city, Cali may end up in a liquidity crisis sooner even than Greece. At least Los Angeles has undisputed access to the IMF – the only question is what shape the California austerity package will end up taking.”
Items from The Economatrix:
Oil Prices Settle a Little Higher [5]
Greek Borrowing Rates Soar on Market Worries [6]
Gasoline, Oil Hit 18 Month Highs [7]
Deflation on the Prowl as Bernanke Shuts Down His Printing Presses [8]