Daily Reading on the Financial Markets: 8/18/11

David Rosenburg says it’s not catastrophic, but the double-dip recession is here.

Gail Tverberg runs through the case for peak oil and the ramifications thereof.

Wall Street year-end projections for the S&P remain optimistic, averaging well above 1200.

Social unrest continuing to spread… to Germany?  From Zero Hedge.

Cullen Roche suggests gold isn’t correlative with U.S. inflation, rather, with rising incomes in China and India.