K.A.F. sent this: Awful August, Get Set for September [1]
Over at Dr. Housing Bubble: Shadow Inventory Armageddon [2] – 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 [3]. (Thanks to Steve M. for the link.)
China’s sword of Damocles: “More Cow Bell!”. “More kowtow [4]!”
Forget Irene: The Drought in Texas Is the Catastrophe That Could Really Hurt [5]. (Kudos to Chris M. for sending the link.)
Items from The Economatrix:
Consumer Confidence Lowest in Two Years [6]
Financial Crisis is Too Big For Developed World to Cope [8]
Gold Rises, Shrinking Weekly Loss as Bernanke Offers No Fed Plan [9]