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Several readers sent this: About half of U.S. mortgages seen underwater by 2011
This was linked over at the Total Investor blog: China Warns Developed Nations of Inflation, Currency Threats
Straycat sent this one: Hunger Hits Detroit
Items from The Economatrix:
Cash for Clunkers Gets $2 Billion Refill Job Losses Slow to 247,000; Jobless Rate Dips AIG Reports 2Q Profits, First Since 2007s Oil Rises Over $72 as Job Loss Slows Fannie Mae Loses $15 Billion, Seeks $10.7 Billion in Aid After 2Q Loss The Mother of All Bailouts (MOAB) will not stop growing for at least a decade! Mish Shedlock: Weekly Unemployment Claims Portend Disaster Fed Laundering Money Through the Big Banks into the Stock Market If You Hated Gasoline at $4 a Gallon, Imagine it at $20
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