Bernanke: Fed Will Take “Unconventional Measures” If Needed [1]. “…the Fed will consider making another large-scale purchase of securities if the slowing economy were to deteriorate significantly and signs of deflation were to flare.” (A hat tip to Deborah M. for the link.)
Its Official: China is Unloading its Treasury Bonds [2]
John Williams of ShadowStats Says Economic Data Will Get Much Worse [3].
Trapper Mike sent this: Ron Paul questions whether there’s gold at Fort Knox, New York Fed [4]. To clarify, part of his concern is that physical gold may indeed be stored there, but that it might actually belong to other parties!
Items from The Economatrix:
Government Set to Confirm What Many Feel: Economy at a Standstill [5]
Stocks End a Brutal August with Meager Gains [6]
Snapshot of an Economy About to Get a Lot Bleaker [7]
Youth Employment Lowest Since 1948 [8]
Fed Seeks Delay of Bank Data Release [9]