Economics and Investing:

Rental Apocalypse: US homeownership collapses to 48 year low while rental rates continue to climb.

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Central banks will disagree; Keynesian economists probably disagree; Too-Big-To-Fail banks don’t care …

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Items from Mr. Econocobas:

2nd Quarter GDP Misses Expectations

Alan Greenspan: This is ‘Extremely Dangerous’ – While what he is saying is true, Greenspan has no room to lecture anyone, considering his abysmal track record at inflating debt and destroying an economy.

US Economy Grew At 2.3% In Q2, Below Expectations, “Winter” Quarters Revised Higher On Double Seasonal Adjustments – Venturing further down the “Ministry of Truth” era.

Total Collapse: Greece Reverts To Barter Economy For First Time Since Nazi Occupation