Oil Should Be Around $10 a Barrel: Analyst. 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’. (Thanks to G.G. for the link.)
The Death Of Cash? All Over The World Governments Are Banning Large Cash Transactions. Its all about maximizing tax revenue.
G.G. suggested this by Martin Hutchinson: Combining the Worst
A bellwether event? Harrisburg, Pennsylvania defaulting on its bonds. (Our thanks to Jason R. for the link.)
Items from The Economatrix:
Fed Officials Discussed Further Stimulus Steps
Americans’ Economic Confidence Ticks Up Slightly
World Markets Fall Again on Economic Fears
Oil Falls Below $74 as Global Markets Slump
Manufacturing in US and Aboard Lifts Economy
US Auto Sales Turn Frail in August
July Unemployment Up in About Half of US Cities