Economics and Investing:

Those pesky derivatives: Task force slaps MBS-related charges against more banks

The Other B.B. suggested this interview: Kyle Bass On The Federal Budget: “I Don’t Know How To Fix This”. Not surprisingly, Bass recommends getting out of dollars and into productive tangible assets.

Real Homes of Genius – Silver Lake back in action with 4 garage duplex. Raging gas prices and luring in the next round of dreamers.

At Forbes: Managing The Risks Of A Globalized Supply Chain

Items from The Economatrix:

Last Housing Crash Is Not Even Over But Bernanke As Set The Stage For The Next One

Bill Gross:  Only Gold And Real Assets Will Thrive In Fiscal “Ring Of Fire”

California Gas Stations Begin To Shut On Record-high Spot Prices.

Gas Prices Suddenly Skyrocket In California

Services In US Expanded More Than Forecast In August