Nick Taleb declares: ‘We’re in the Middle of a Crash [1]‘ (Thanks to GG and A.W., the first if several readers to send that link)
John W. notes: Seven more banks closed [2] “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 [3]
From Cousin Bill: New York City Apartment Sales Down More Than 50% [4]
FDIC Proposes Tough Investor Guidelines For Failed Banks [5]
Items from The Economatrix:
Obama Confident in Economic Recovery Despite Jobs Report [6]
Prime Mortgage Delinquencies Up 260% [7]
The Monumental Cap and Trade Outrage [8] (video)
Worldwide Depression: Review of Global Markets [9]
Mounting US Jobless Claims Force States to Borrow [10]
Scalia Slams Bush Officials On Bank Regulations [11]
Stocks Tumble After Jobs Report 467,000 people lost their jobs last month
States Work to Stave Off Government Shutdowns [12]
Schwarzenegger Orders Third Furlough Day, Proposes New Cuts [13]
Florida Drivers Will Pay Higher DMV Rates for Everything [14]