K.A.F. sent this: Awful August, Get Set for September
Over at Dr. Housing Bubble: Shadow Inventory Armageddon – Foreclosure timeline up to an average of 599 days with 798,000 mortgages having no payment made in over 1 year and no foreclosure process initiated. Shadow inventory grows to over 6,540,000 properties.
Making privacy a crime: U.S. aims to track ‘untraceable’ prepaid cash cards. (Thanks to Steve M. for the link.)
China’s sword of Damocles:
“More Cow Bell!”. “More kowtow!”
Forget Irene: The Drought in Texas Is the Catastrophe That Could Really Hurt. (Kudos to Chris M. for sending the link.)
Items from The Economatrix: