Economics and Investing:

B.B. spotted this item in The New York Times: Robert Prechter’s Market Forecast Says ‘Take Cover’

Tom J.in Vermont sent this: Davidowitz: US Economy a “Complete Disaster”

Thanks to Chris G. for this link: Barack Obama: The great jobs killer

“Falcon” suggested this piece by Bob Chapman, who suggests that thing might get downright medieval: Struggling and Faltering to Manage Economic Recovery. Chapman writes: “As a result of this and other failures we are about to experience the worst economic collapse since 1348 [during the Great Plague.]”

Items from The Economatrix:

Fannie-Freddie Bailout Could Cost Taxpayers $1 Trillion

Why Canada’s Housing Market Didn’t Crash

Housing Cheapest in 40 Years, But Buyers Don’t Need to Rush

Stocks Head for Worst Quarter Since March 2009

Tired of Fluctuations, Many are Shedding Stocks

Short Sellers Flag School Stocks

Detroit Three See Auto Sales Drop by More than 10%

Eurozone Jobless Figure at Record High

World Stocks Steady Amid Worries Over US Recovery

Oil Hovers Above $72 in Light of 4th of July Trading

After Drop, Will Stocks Rise? S&P Data Offer Hope

Hungary to Ask for “Precautionary Bailout” from EU and IMF

US Stocks in Precarious Place Given Economic Uncertainty

Bond Rally Reflects Gloom