Economics and Investing:

Nick Taleb declares: ‘We’re in the Middle of a Crash‘ (Thanks to GG and A.W., the first if several readers to send that link)

John W. notes: Seven more banks closed “and it’s not even Friday yet…”

Ray G. sent news that unemployment at a 26-yer high: U.S. job losses spike in June, dampen recovery hopes

From Cousin Bill: New York City Apartment Sales Down More Than 50%

FDIC Proposes Tough Investor Guidelines For Failed Banks

Items from The Economatrix:

Obama Confident in Economic Recovery Despite Jobs Report

Prime Mortgage Delinquencies Up 260%

The Monumental Cap and Trade Outrage (video)

Worldwide Depression: Review of Global Markets

Mounting US Jobless Claims Force States to Borrow

Scalia Slams Bush Officials On Bank Regulations

Stocks Tumble After Jobs Report
467,000 people lost their jobs last month

States Work to Stave Off Government Shutdowns

Schwarzenegger Orders Third Furlough Day, Proposes New Cuts

Florida Drivers Will Pay Higher DMV Rates for Everything

US Diesel Supply Climbs as Goods Orders Slip