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Economics and Investing:

K.T. sent this: The New Auto IRA Is Just Highway Robbery [1]. 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 [2].

Items from The Economatrix:

Spike In Layoffs Feed Fear of Faltering Recovery [3]

California Home Sales Drop by 22% in July [4]

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

UK Sinks Deeper Into the Red [5]

Entering A Death Spiral? Tensions Rise In Greece as Austerity Measures Backfire [6]

Death and Joblessness [7]

Regulators Shut Down Big Chicago ShoreBank, 7 Others [8]

And So it Begins: Gold & Silver Liquidity Increases [9]

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” [10]