Economics and Investing:

S.C. flagged this: Policy Options Dwindle as Economic Fears Grow. S.C’s comment: “Wow, even the New York Times gets it!”

Chris P. sent this New York Times article: Housing Fades as a Means to Build Wealth.

G.G. sent this: S&P Says US Should Act to Protect AAA-Rating.

G.G. flagged Part 2 of Gonzalo Lira’s excellent essay: Hyperinflation, Part II: What It Will Look Like

My hero, Dr. Walter Williams comments: Avoiding the Looming Disaster of Social Security (Thanks to Don W. for the link.)

Sue C. sent this: Economy slows to 1.6 percent as trade gap widens

Items from The Economatrix:

Why US Treasury Notes Will Eventually Yield Nothing

Stocks Rise After 2Q GDP News, Bonds Slip

Consumer Spending Rises 0.4% In July

Stocks Drop as Investors Enter Week Cautiously

Gasoline Prices Fall Ahead of Labor Day Weekend

Bernanke Calls For Help to Revive The Stuttering US Economy

Joel Skousen: Inflation: What it Takes to Get There

Stock Markets Face “A Blood Bath,” Warns SocGen Strategist Albert Edwards

Jim Quinn: The Age of Mammon

Bancor: The Name of the Global Currency that a Shocking IMF Report is Proposing

Investors Embark on Treacherous Month

UK: Graduates Warned of Record 70 Applicants for Every Job. “Class of 2010 told to consider flipping burgers or shelf stacking to build skills as they also compete with last year’s graduates.”