Daily Reading on Financial Markets: 8/4/11
Charles Hugh Smith spells out the bear case with chart-a-palooza, on Of Two Minds.
Concern about the U.S. Dollar’s reserve status from some surprising sources, from Zero Hedge (certainly not the surprising source).
Stunning and disturbing data on the U.S.’s economic state, relative to 2008, from Braden Goyette at ProPublica.
A look at the systemic risk to Germany and France of deteriorating European bonds, from Zero Hedge.
A less bearish look at the S&P chart by Chris Ciovacco, from Seeking Alpha.