Economics and Investing:
Reader DLF spotted this: Detroit: Too broke to bury their dead Foreclosure Rate Rises 17 Percent. (Thanks to The Other Chris for the link.) A residential real estate shadow inventory case study. Items from The Economatrix: Manufacturing, Employment Pounds Stocks Jobs and Manufacturing Suggest Slow Recovery Banks Trim Use of Emergency Fed Programs September US Auto Sales Fall Amid Clunkers Letdown Natural Gas Tumbles with Most Ever in Storage Unprecedented US Corporate Defaults Seen for 2009 [JWR’s comment: So where is the “recovery” that the CNBC cheering section keeps talking about? I think that a recovery around 2022 may be …