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.

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

GOP boosts gold ahead of convention

B.B. sent: Big Income Losses for Those Near Retirement

Items from The Economatrix:

S&P 500:  The War For 1,400 Has Begun

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

Eric Sprott:  The Financial System’s Death Knell?

Gerald Celente:  The Fate Of The World, Money & Gold