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Economics and Investing:

B.B. spotted this item in The New York Times: Robert Prechter’s Market Forecast Says ‘Take Cover’ [1]

Tom J.in Vermont sent this: Davidowitz: US Economy a “Complete Disaster” [2]

Thanks to Chris G. for this link: Barack Obama: The great jobs killer [3]

“Falcon” suggested this piece by Bob Chapman, who suggests that thing might get downright medieval: Struggling and Faltering to Manage Economic Recovery [4]. Chapman writes: “As a result of this and other failures we are about to experience the worst economic collapse since 1348 [during the Great Plague.]”

Items from The Economatrix:

Fannie-Freddie Bailout Could Cost Taxpayers $1 Trillion [5]

Why Canada’s Housing Market Didn’t Crash [6]

Housing Cheapest in 40 Years, But Buyers Don’t Need to Rush [7]

Stocks Head for Worst Quarter Since March 2009 [8]

Tired of Fluctuations, Many are Shedding Stocks [9]

Short Sellers Flag School Stocks [10]

Detroit Three See Auto Sales Drop by More than 10% [11]

Eurozone Jobless Figure at Record High [12]

World Stocks Steady Amid Worries Over US Recovery [13]

Oil Hovers Above $72 in Light of 4th of July Trading [14]

After Drop, Will Stocks Rise? S&P Data Offer Hope [15]

Hungary to Ask for “Precautionary Bailout” from EU and IMF [2]

US Stocks in Precarious Place Given Economic Uncertainty [16]

Bond Rally Reflects Gloom [17]