Take a look at the pattern that develops since the early 80’s in chart # 3

Let’s hope the president and congress have a real rabbit in the hat !

Perhaps a little more deflation will convince Trichet what type of battle he is really in….

Sovereign debt problems will kill some off and hurt profits for years…..

Essentially Europeans are mishandling their banking crisis with squabbles and a lack of conviction to fix the problems with decisive measures.

Full article

Given current expected weather patterns Katia is expected to largely stay in the Atlantic and may cause problems for the Europe.

Lee has done some damage, but may cause tornadoes as it travels north east… 

Despite Perry not attending due to fires in Texas he seems to be the front runner in just a few short weeks.

Merkel got a reality check at a regional election and the Finns demanded collateral for participation in bailout participation.

 Remember on Wednesday the German courts will rule on a decision to continue or discontinue bailing out Europe.

Sarah Palin and her tea party movement need to learn the painful lessons being experienced in the U.K.

While being frugal and cutting wasteful spending is a great goal we need to be very careful of not going too far as austerity can have painful affects upon a economy.

Full article 

Counter Punch

President Kim said ban was necessary due to short sellers “accelerating” market plunges. The ban will be lifted once markets “stabilize.”

It looks like Hurricane Katia will make a turn, judging by the latest computer models, and may pose no threat to the East Coast:

NOTE: chessNwine Commentary: 

While Moammar Gadhafi is indeed a scumbag and likely behind the Pan Am flight 103 bombing that killed many Americans, the West could at the very least say that he is a known quantity, and a KNOWN evil. The headline on the DrudgeReport.com at the time of this writing is a link to THIS STORY detailing how rebel forces and armed civilians in Libya have rounded up and jailed black Africans, accusing them of supporting Gadhafi. There is no telling how ugly this will get, precisely because we are now dealing with an UNKNOWN enemy, not unlike the situation we saw earlier this year in Egypt. The coverage on CNN and other idealistic news networks has been misguided at best, and blindly ideological at worst. To imply that democracy loving, college educated, “OMG social media” using kids have overthrown these dictators should be called a Mickey Mouse operation of yellow journalism, but then again that would be an insult to Mickey Mouse. I have see few people consider the possibility that the events in Egypt and Libya, and throughout the Middle East during Arab Spring, could actually lead to even worse regimes.

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Tropical Storm Lee made landfall on the Louisiana coast, lashing the state with heavy rain and wind after shutting more than half of the oil and natural gas production from the resource-rich Gulf of Mexico. Full Story here…

Here’s the latest from wunderground.com:

An interesting analysis of when the fed may inject cocaine into ailing markets…

Look out now; this is a very interesting read putting a new spin on gold…

Bands of heavy rain continue to stream ashore from extreme eastern Louisiana to the Florida Panhandle. Soaking rain is also wrapping around the circulation in central and western Louisiana. Isolated tornadoes will continue to be possible as well (see tornado watches/warnings). Full Story…

Here are the updated models via wunderground.com