Unemployment Could Remain High Until 2013. JWR Adds: To be more accurate, I would have written: “…Until 2023.”
Yale Economist Robert Shiller Warns Seven Years of Economic ‘Bad Times’ in Store for US
L.J. sent some more bad news from England: Mortgage lending plummets to 10-year monthly low as housing market remains ‘exceptionally’ weak.
From the Wall Street Journal‘s Australian bureau: Silver looks ready to rip. (Thanks to Bob G. for the link.)
Russian crop misery spreads to world’s supermarkets.
Items from The Economatrix:
California Attorney General Asks GMAC to Stop Foreclosures
Economy Heading Toward “Catastrophic” Collapse
They Are Printing Too Much Money
Stocks Reignite a Rally as Economic Woes Fade
Business Spending on Capital Goods Rises in August
Pace Of New Homes Sales Second Slowest On Record