The best weekly summary of the economy I have seen - if you have friends that want to understand what is going on in the economy, 20 minutes spent reading this weekly email is all anyone needs. - Words from the (investment) wise for the week that was (July 20 – 26, 2009)- Posted by Prieur du Plessis – Investment Postcards from Cape Town

————

   and  

Can Japan Avoid Another Lost Decade? – Nouriel Roubini – Much hinges on political change. -  Forbes

Daniel Gross – Why Japan Isn’t Rising – It’s mellowing as its population ages. – NewsWeek

————

COULD YOU SURVIVE WITHOUT MONEY? – MEET THE GUY WHO DOES – In Utah, a modern-day caveman has lived for the better part of a decade on zero dollars a day. People used to think he was crazy – By Christopher Ketcham – hat tip to Elizabeth Coppedge –

————

Roach: “Liquidity is seeking return” – Posted by Edward Harrison – Here’s a nice clip from Stephen Roach from last week asking “where’s the demand?”  … My favorite part of this video is where the presenter says: “Stephen, you sound pretty bearish. Are you not a believer at all in that green sh**ts theory?” – CreditWritedowns.com

————

Excellent Read this – about Boomers, Gen X and Y : The Leaner Baby Boomer Economy -  The downturn is putting a crimp on baby boomers’ free-spending ways, and the likes of Mercedes and Starwood Hotels are scrambling to keep up -  By David Welch – BusinessWeek

————

Huffington Post Misery Index – update to popular misery index – CHART OF THE DAY: Now This Is A Misery Index – Clusterstock Business Insider

————

Sprott: “It’s The Real Economy, Stupid” – Posted by Tyler Durden – Anything that starts with “We are now in the early stages of a depression” is a must read. – Zero Hedge