Flagged by KAF: US government to loan Petrobras $10 billion. Note the comments in the article about increasing costs of exploration , and strong competition with China for new oil fields.
Also from KAF: Wish you weren’t here: The devastating effects of the new colonialists.
Cousin Al sent this: Soaring deficit may defy forecasts. (A quadrupling budget deficit? Yikes!)
This Jay Taylor “Turning Hard Times Into Good Times” pod cast was linked from the Total Investor news aggregation site: Will Silver Outperform Gold?
Items from The Economatrix:
China’s Wen: “The financial crisis is continuing to deepen and spread.”
Coming Soon: Second Wave of Depression: Hyperinflation Likely
Trader’s Brace for September Collapse
The Bill Is Coming Due (The Mogambo Guru)
The Gifts That Keep on Taking
Energy Prices Slump After Labor Report
Oil Prices Cloud Recovery Hope
Testing Week For US Bond Investors
Fed Buys $6.6 Billion in Treasurys [Monetization leads inevitably to inflation!]
CIT Shares Fall on Bankruptcy Warnings