Economics and Investing:

Ol’ Remus talks economic collapse: We have arrived. He may be right. The debt-limit compromise in congress was a travesty. Tuesday’s drop in the Dow and the jump in gold signal that market senses some big changes in the near future. If the Federal credit rating slips below AAA, interest rates will rise, and there will be a nasty cascade of concommitant events. Buckle up!

F.G. flagged this: Metal Detectors Hit the Jackpot

J.J.G. sent a link to piece by Ann Barnhardt: We The Stupid.

Real estate debacle: More than two years worth of shadow inventory overhang.

That Which Is Too Fearful To Speak: The Demise of the Consumer Economy

Items from The Economatrix:

Bank Officials Discuss Debt Impasse With Treasury

Top Fund Sees Gold At $3,000; Stock Crash

Gold Choppy, US Reaching “End of Empire”, Investors Have “No Safe Havens Left”