Economics and Investing:

A reader in Wyoming wrote to ask about topping off the gas, diesel and propane tanks at his ranch. My advice: Wait until late September. I expect unleaded gasoline to be at or below $3.00per gallon by then.

QE3, by any other name: Fed Extends Twist, Signals Concerns

Commentary by Michael Casey: Let’s be frank, the Euro’s days are numbered. (Thanks to Joseph G. for the link.)

Karl Denninger: It Didn’t Work (Again)

The downgrades keep coming: 15 Major Investment Banks See Ratings Cut by Moody’s. (A hat tip to Diana V. for the link.)

Items from The Economatrix:

US Economy, Market Now Facing A Monetary Cliff

Wall Street Claws Back After Sharp Decline

Moody’s Downgrades Gives Edge To Safe Haven Banks