G.G. sent this: Average Length Of Unemployment Surges To New All Time Record 40.4 Weeks
Also from G.G.: Food stamp use rises to record 45.8 million
Sam Kirtley: US Yield Curve Flattening to Prompt Fed Easing and $1,800 Gold
Items from The Economatrix:
Can’t Get No Relief: Economic News Sours Investors
Services Firms Expand At Slowest Pace in 17 Months
Unemployment Rose In Nearly All US Cities
Going Nowhere: Economy Struggles To Find Footing
Oil Below $92 On Concern About Economy, Demand
Two Year Treasury Yield Drops To Record Low
EU Urges Bailout Changes As Stocks, Euro Tumble
Euro Faces Meltdown In August Heat
Wall Street Warns Geithner US Dollar Starting To Lose Reserve Status