Economics and Investing:

G.G. sent this: Bank in Kansas Becomes 64th Failure This Year

Also from G.G.: Analysis: Fed low-rate promise seen as opening salvo for QE3

Carlos in the U.P. spotted an excellent article by Karl Denninger explaining how the fundamental issues in our economy such as derivatives and too much leverage are kept from coming to the light of day: Dispelling Popular Delusions: TARP And Balance Sheets

J.B.G. suggested this news clip that illustrates the innate yet well-founded anxiety about the near future: Texans grab their guns as economy stalls

Items from The Economatrix:

Beijing Downgrades US Treasury From A+ To A

After A Wild Week For Stocks, What To Do?

Consumers Splurge In July, Pushing Retail Sales Up