We’ve been warned: the system is ready to blow [1]
Reuters reports: Home Depot, Walmart, grocers get boost from Irene [2]. (Thanks to M.W. for the link.)
Some wise folks are buying on the dip: Sudden Temporary Gold and Silver Price Drop; Retail Sales Soar [3]. (A hat tip to R.B.S. for the link.)
A whole bunch of news, courtesy of John R.:
In An Unsustainable System, A Warning of Collapse [4] (Bob Chapman)
Panic & Anxiety Swirl a Storm [5] (Jim Willie)
Banks face $340 billion state-backed bond refi hole [6] (Helene Durand)
Big Banks: Under-Capitalized, Overexposed, Opaque [7](Barry Ritholtz)
“A Wolf In Sheep’s Clothing” [8] (Mike Kreiger)
Marc Faber Says: Don’t Store Your Gold In The United State [9]s (Sovereign Man)
Europe’s Problem Is Decidedly Not the Euro [10](John Tamny)
Where Are We? [11] (Greg Hunter)
Prepare for the Global Long Wave Extinction Event [12] (David Knox Barker )
Greece forced to tap emergency fund [13] (Louise Armitstead)
Items from The Economatrix:
Gold $3000? [14]
JPMorgan May Take Over BofA [15]
BofA’s Share Nosedive Fuels Fears of Second Credit Crunch [16]
But wait! Warren to the rescue! Berkshire Hathaway Invests $5 Billion in Bank of America [17]