Economics and Investing:

Fortune magazines asks: Is this finally the economic collapse? (Thanks to Jeff L. for the link.)

G.G. suggested this article over at Forbes: Collapse In Internet Time.

Also from G.G.: America Is ‘Bankrupt Mickey Mouse Economy’: CIO

B.B. was the first of several readers to send an article by Laurence Kotlikoff: Is Bankrupt and We Don’t Even Know It?

Items from The Economatrix:

Major Leading Indicator in Free Fall

Stocks Retreat as Fed Grows More Cautious

Trade Deficit Widens to $49.9 Billion in June

US Dollar Falls to 15-Year Low Against the Yen

China’s Industrial Growth Slows, Inflation Jumps

Bank of England Warns of Rocky Recovery

Oil Falls Below $80 Amid Growth Slowdown Fears

Recession Causing a Banking Awakening in Tough-Hit Midwest

Many Shun Bank Accounts But Pay More for Financial Services

Gold Drops as Stronger Dollar Erodes Demand for an Alternative Investment