Oil Should Be Around $10 a Barrel: Analyst [1]. here is a quote: “I honestly think that if there were no investors using oil as an asset that the price of oil right now would be $10 or $15 or $18, but
it wouldn’t be anywhere near where it is,” Beutel said.
Jeff Nelson opines at The Street: U.S. Government Prepares for ‘Crisis’ [2]. (Thanks to G.G. for the link.)
The Death Of Cash? All Over The World Governments Are Banning Large Cash Transactions [3]. Its all about maximizing tax revenue.
G.G. suggested this by Martin Hutchinson: Combining the Worst [4]
A bellwether event? Harrisburg, Pennsylvania defaulting on its bonds [5]. (Our thanks to Jason R. for the link.)
Items from The Economatrix:
Fed Officials Discussed Further Stimulus Steps [6]
Americans’ Economic Confidence Ticks Up Slightly [7]
World Markets Fall Again on Economic Fears [8]
Oil Falls Below $74 as Global Markets Slump [9]
Manufacturing in US and Aboard Lifts Economy [10]
US Auto Sales Turn Frail in August [11]
July Unemployment Up in About Half of US Cities [12]