(SAYING) But Ochoa admits that continued oil revenues, even if insufficient to cover mounting government expenditures, will allow President Chavez to put off, any day of reckoning that may loom ahead.

VOA: standard.2010.08.06

The Daily Reckoning features articles by Addison Wiggin author of Empire of Debt and Bill Bonner author of Financial Reckoning Day and The Idea of America.

FORBES: Italian Bailout Chatter Chills Markets

Bonner is author of Financial Reckoning Day.

FORBES: Hey, Feds, Give Disaster A Chance To Avoid True Financial Apocalypse

Another Milestone for the Chinese Economy by Addison Wiggin originally appeared in the Daily Reckoning. day.

FORBES: Turbocharged Chinese Economy Eclipses Japan