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.
Steve H. forwarded this: Potential Impact of Japanese Hyperinflation on the US Dollar
From GG: China central bank sees dollar strength, global inflation
“Ben in Tenn.” spotted this: Forget Greece…watch Cali. 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
Greek Borrowing Rates Soar on Market Worries
Gasoline, Oil Hit 18 Month Highs
Deflation on the Prowl as Bernanke Shuts Down His Printing Presses