Reader DLF spotted this: Detroit: Too broke to bury their dead
Foreclosure Rate Rises 17 Percent. (Thanks to The Other Chris for the link.)
A residential real estate shadow inventory case study.
Items from The Economatrix:
Manufacturing, Employment Pounds Stocks
Jobs and Manufacturing Suggest Slow Recovery
Banks Trim Use of Emergency Fed Programs
September US Auto Sales Fall Amid Clunkers Letdown
Natural Gas Tumbles with Most Ever in Storage
Unprecedented US Corporate Defaults Seen for 2009 [JWR’s comment: So where is the “recovery” that the CNBC cheering section keeps talking about? I think that a recovery around 2022 may be closer to the truth.]
Greenspan: Growth Slowing, Stocks “Flattening Out”
Dollar Falls Again in Second Quarterly Loss
Schoon: The Coffin-Shaped Recovery
Dan Denninger: The Banking System is Insolvent