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Economics and Investing:

S.C. flagged this: Policy Options Dwindle as Economic Fears Grow [1]. S.C’s comment: “Wow, even the New York Times gets it!”

Chris P. sent this New York Times article: Housing Fades as a Means to Build Wealth [2].

G.G. sent this: S&P Says US Should Act to Protect AAA-Rating [3].

G.G. flagged Part 2 of Gonzalo Lira’s excellent essay: Hyperinflation, Part II: What It Will Look Like [4]

My hero, Dr. Walter Williams comments: Avoiding the Looming Disaster of Social Security [5] (Thanks to Don W. for the link.)

Sue C. sent this: Economy slows to 1.6 percent as trade gap widens [6]

Items from The Economatrix:

Why US Treasury Notes Will Eventually Yield Nothing [7]

Stocks Rise After 2Q GDP News, Bonds Slip [8]

Consumer Spending Rises 0.4% In July [9]

Stocks Drop as Investors Enter Week Cautiously [10]

Gasoline Prices Fall Ahead of Labor Day Weekend [11]

Bernanke Calls For Help to Revive The Stuttering US Economy [12]

Joel Skousen: Inflation: What it Takes to Get There [13]

Stock Markets Face “A Blood Bath,” Warns SocGen Strategist Albert Edwards [14]

Jim Quinn: The Age of Mammon [15]

Bancor: The Name of the Global Currency that a Shocking IMF Report is Proposing [16]

Investors Embark on Treacherous Month [17]

UK: Graduates Warned of Record 70 Applicants for Every Job [18]. “Class of 2010 told to consider flipping burgers or shelf stacking to build skills as they also compete with last year’s graduates.”