Economics and Investing:

Unemployment Could Remain High Until 2013. JWR Adds: To be more accurate, I would have written: “…Until 2023.”

Yale Economist Robert Shiller Warns Seven Years of Economic ‘Bad Times’ in Store for US

L.J. sent some more bad news from England: Mortgage lending plummets to 10-year monthly low as housing market remains ‘exceptionally’ weak.

From the Wall Street Journal‘s Australian bureau: Silver looks ready to rip. (Thanks to Bob G. for the link.)

Russian crop misery spreads to world’s supermarkets.

Items from The Economatrix:

California Attorney General Asks GMAC to Stop Foreclosures

Economy Heading Toward “Catastrophic” Collapse

They Are Printing Too Much Money

Stocks Reignite a Rally as Economic Woes Fade

Business Spending on Capital Goods Rises in August

Pace Of New Homes Sales Second Slowest On Record

Sarkozy: Tax The Banks

New US Unemployment Claims Rise Again

Jim Willie: Permanent 0% On Road To Ruin