Economics and Investing:

K.T. sent this: The New Auto IRA Is Just Highway Robbery. Here it comes, folks. This is just first step in nationalizing IRAs and 401(k)s!

Brett G. suggested this item: Many Homeowners Expect Home Values to Fall Further.

Items from The Economatrix:

Spike In Layoffs Feed Fear of Faltering Recovery

California Home Sales Drop by 22% in July

It’s Going to Get Worse…A Whole Lot Worse

UK Sinks Deeper Into the Red

Entering A Death Spiral? Tensions Rise In Greece as Austerity Measures Backfire

Death and Joblessness

Regulators Shut Down Big Chicago ShoreBank, 7 Others

And So it Begins: Gold & Silver Liquidity Increases

CBO: US Faces Slow Recovery, Near Record Deficit


Markets Plunge After Weak US Data Overshadows European Optimism

Banks Lead Increase in European Bond Risk on US Economy “Double Whammy”