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: