Must Read Posts for July 14, 2010

On The Economic Populist you might have noticed the right column. We try to list other sites and blogs who have exceptional insight and writing on what is happening in the U.S. economy.

Sometimes though, one cannot say it better but miss those who did.

Must Read Post #1

The Big Picture overviews a Time magazine article that was not online, which shows lobbyists bought our government in 2009 for $3.49 billion dollars. Gee, that's about as cheap as Manhattan was in 1626 (60 guilders).

Must Read Post #2

A post close to the heart for we sure have been saying similar things. Naked Capitalism's guest piece, The G20 Plan for Prosperity – Rubber Bullets and Shredded Social Safety Net.

Must Read Post #3

The Atlantic Monthly investigates a new breed of debt collectors. Seems they are buying debt that either isn't legal or people don't even know about and doing some additional illegal things trying to squeeze some money out of these people.

Must Read Post #4

This is short and sweet. Calculated Risk tabled out the FOMC lowered GDP estimates and higher unemployment estimates. The Fed also admitted there isn't much they could do to improve the economy. Beyond buying toxic crap as if that does much, I must agree. It's a failure of Congress and this administration.

Must Read Post #5

The Atlanta Fed has an overview post on statistical and measurement bias in CPI. Bottom line, due to measurement bias, we might actually be in deflation already.

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Comments

So called "financial reform" passed

It's pretty ridiculous for the MSM is busy claiming this is the "most sweeping reform since the Great Depression" and how "this will stop the next crisis".

Just like "health care reform" this bill is window dressing. The real "change" since the Great Depression was ripping asunder regulation and safeguards in 1999 which allows the great financial meltdown to happen.

I do not even feel this deserves an Instapopulist, I'm so disgusted.