Economics and Investing:

S.T. spotted this: IMF puts total cost of crisis at £7.1 trillion [Thusfar!]

This Forbes piece came from SC: Fed Faces Its Zimbabwe Moment

Regular content contributor DD sent us these two articles:

Sales dropping for retailers

The US-China Ponzi scheme; By unwittingly tying together their fortunes as they pursued their own interests, the two nations have put themselves on an economic path of mutually assured destruction.

Items from The Economatrix:

Foreclosures Rise 7% in July from June

A Pessimist’s Prediction: Hyperinflation

A prediction from the ever-cheery Ambrose Evans-Pritchard: Fiscal Ruin of the Western World Beckons

Stupidity Without Borders (The Mogambo Guru)

Cities Tolerate Homeless Camps

The Container Crisis: Shipping Industry Fights For Survival

Homes Prices Fall a Record 15.6%

47% of South Florida Mortgages Underwater

Recession, Debt Drag on Commercial Real Estate

Cost of Oil Rises as Recession Fears Ebb

Kaiser to Cut Nearly 2,000 Jobs

Stocks’ Rally Resumes, Fed Upbeat on Economy

Treasuries Fall as Fed Plans to Ease Debt Purchases