Economy in ‘Depression, Not Recession’

U.S. Existing Home Sales Plummet A 27% drop in July – twice as much as forecast and the worst since 1995…

The New Auto IRA Is Just Highway Robbery (Hat Tip: Brian B.)

JFK AND TAX CUTS

Obama pleads for $50 billion in state, local aid (Hat Tip: Jean Stoner)

U.S. Stocks Slump, Treasuries Rally on Homes Sales Report

Stiglitz Says European Economy at Risk of Double-Dip Recession

Syrian Exports to the U.S. Reach a 19 Year High (Hat Tip: Brian B.)

Is the U.S. the Next Bear Stearns?

10 States With Ridiculously Low Unemployment — And Why

Irish Bond Spreads Officially Back To Peak Crisis Levels

Forget California And New York, This State Is The Real Mess

The Baltic Dry Index Has Exploded Higher And The Silence From The Bears Is Deafening

David Rosenberg: Here’s The Ugly Demographic Reality That Dooms The US To Sub-Par Growth

The Biggest Threat To The Market Is Wall Street Itself

Meet The 33-Year Old Who Just Bought Lloyd Blankfein’s House

Fed President Hoenig: If You’re Buying A House As An Investment, You’re Making A Mistake

A Vision For State-Owned Banking in Wisconsin (Hat Tip: Jean Stoner)

Facing Budget Gaps, Cities Sell Parking, Airports, Zoo (Hat Tip: Jean Stoner)

Minnick-Democrats F In Economics: Edujobs Stimulus Fix Blows-up In Their Faces

Falsity of Creative Destruction

Want To Understand Europe’s “German Problem”? Read This Irish Times Editorial

The Renting Alternative Will Undermine The Housing Market For Years

Bancor: The Name Of The Global Currency That A Shocking IMF Report Is Proposing (Hat Tip: Jean Stoner)

Fed Split on Move to Bolster Sluggish Economy

China: Economic Growth isn’t Expanding Freedoms

Yes Folks, Hindenburg Omen Tripped Again (Hat Tip: Jean Stoner)

ALERT: Creator of “Hindenburg Omen” Exits Stock Market (Hat Tip: Jean Stoner)

This Week: Second and Third Hindenburg Omen Events (Hat Tip: Jean Stoner)

Creator of feared market indicator the Hindenburg Omen explains coming market crash (Hat Tip: Jean Stoner)

Would a Consumption Tax Be Fairer Than Income Tax?

Unemployed group blasts Geithner’s handling of economy (Hat Tip: Brian B.)

Morning Bell: Getting Our China Priorities Straight

Obama to Gulf: Oil Ban Stays

Guest Blogger: Re-imagining America’s Business School Curriculums

Americans Losing Confidence in ObamaCare’s Promise of Lower Costs and Medicare Guarantee (Hat Tip: Brian B.)

The White House War on Jobs

Fishermen against Obama job destruction

Boehner: Stop the Obama job-killing machine; Update: Obama administration response – Hey, let’s talk about Shirley Sherrod again!

Obama Scrubs White House Website of Climate Change Promises, Media Mum

Housing Sales Experience Biggest One-Month Drop Ever

GOP Leader Boehner Calls For Obama’s Economic Team to Resign

U.S. Second Fleet in jeopardy as Pentagon continues to slash budget

CLAIM: Obama’s stimulus program cost more than Iraq war

Unemployed group blasts Geithner’s handling of economy

California Delays $2.9 Billion School, County Payments Amid Budget Impasse…

Colorado gov. says pot fees helping budget deficit

Cash-strapped NY starts enforcing sales tax on sliced bagels

Woody Allen says NY too expensive for shooting films

Merkel under pressure to raise tax for rich Germans

Consumers Dropping Pay TV Services

Dow Faces Bouncy Ride to 5,000: Strategist

Cramer: ‘Very Negative’ Trend

SurvivalBlog:

Consequences of U.S. debt.

Death of the ‘McMansion’: Era of Huge Homes Is Over

In Striking Shift, Small Investors Flee Stock Market

Stocks Fluctuate on M&A Activity, Economic Worries

Broke US Cities Sell Parking, Airports, Zoos

Gerald Celente: We Are Heading For The GREATEST Depression

Rense And Celente Prepare For The Worst

Gloomy US Industrial Data Rattles World Markets

A Permanent Housing Collapse?

Bankruptcy Filings Soar in US and California Central Valley

Golden Rule (The Mogambo Guru)

Inflation Watch

The fallacy of cheap home prices and the two income trap – dual income households underscore massive housing inflation. Nationwide home prices overvalued by 25 percent.