Several readers sent this: About half of U.S. mortgages seen underwater by 2011 [1]
This was linked over at the Total Investor [2] blog: China Warns Developed Nations of Inflation, Currency Threats [3]
Straycat sent this one: Hunger Hits Detroit [4]
Items from The Economatrix:
Cash for Clunkers Gets $2 Billion Refill [5]
Job Losses Slow to 247,000; Jobless Rate Dips [6]
AIG Reports 2Q Profits, First Since 2007 [7]s
Oil Rises Over $72 as Job Loss Slows [8]
Fannie Mae Loses $15 Billion, Seeks $10.7 Billion in Aid After 2Q Loss The Mother of All Bailouts (MOAB [9]) will not stop growing for at least a decade!
Mish Shedlock: Weekly Unemployment Claims Portend Disaster [10]
Fed Laundering Money Through the Big Banks into the Stock Market [11]
If You Hated Gasoline at $4 a Gallon, Imagine it at $20