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Economics and Investing:

Tim J. sent a link to an excellent essay by Wayne Allyn Root with some sobering comparisons to 1929: Why we are on the brink of the greatest Depression of all time [1].

From G.G.: Nearly half of Fannie Mae REO unable to reach market [2]

GOP boosts gold ahead of convention [3]

B.B. sent: Big Income Losses for Those Near Retirement [4]

Items from The Economatrix:

S&P 500:  The War For 1,400 Has Begun [5]

8 Economic Threats That We Were Not Even Talking About At The Beginning Of Summer [6]

Eric Sprott:  The Financial System’s Death Knell? [7]

Gerald Celente:  The Fate Of The World, Money & Gold [8]