Selling Lies: The Attack on Social Security
Political choices, not economic forces alone, have shaped the future prospects of the Social Security system.
Most are covered in this NYT piece. It mentions a surprise jump in first-time unemployment claims and a strong bounceback by the Shanghai Composite Index, which has lost some 20% of its value in the last couple of weeks.
Calculated Risk has this update on 2Q mortgage delinquencies.
Regarding the situation in China, comments in FT Alphaville and the FT itself elucidate the bounceback a bit.
Finally, the Philadelphia Index of Manufacturing Activity unexpectedly expanded in August for the first time in a year.