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Nick Taleb declares: 'We're in the Middle of a Crash' (Thanks to GG and A.W., the first if several readers to send that link)
John W. notes: Seven more banks closed "and it's not even Friday yet..."
Ray G. sent news that unemployment at a 26-yer high: U.S. job losses spike in June, dampen recovery hopes
From Cousin Bill: New York City Apartment Sales Down More Than 50%
FDIC Proposes Tough Investor Guidelines For Failed Banks
Items from The Economatrix:
Obama Confident in Economic Recovery Despite Jobs Report Prime Mortgage Delinquencies Up 260% The Monumental Cap and Trade Outrage (video) Worldwide Depression: Review of Global Markets Mounting US Jobless Claims Force States to Borrow Scalia Slams Bush Officials On Bank Regulations Stocks Tumble After Jobs Report 467,000 people lost their jobs last month States Work to Stave Off Government Shutdowns Schwarzenegger Orders Third Furlough Day, Proposes New Cuts Florida Drivers Will Pay Higher DMV Rates for Everything US Diesel Supply Climbs as Goods Orders Slip
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