Ol’ Remus talks economic collapse: We have arrived. [1] He may be right. The debt-limit compromise in congress was a travesty. Tuesday’s drop in the Dow and the jump in gold [2] 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 [3]
J.J.G. sent a link to piece by Ann Barnhardt: We The Stupid [4].
Real estate debacle: More than two years worth of shadow inventory overhang [5].
That Which Is Too Fearful To Speak: The Demise of the Consumer Economy [6]
Items from The Economatrix:
Bank Officials Discuss Debt Impasse With Treasury [7]
Top Fund Sees Gold At $3,000; Stock Crash [8]
Gold Choppy, US Reaching “End of Empire”, Investors Have “No Safe Havens Left” [9]