by Calculated Risk on 8/02/2011 07:36:00 PM

• Europe is a mess. Here is a graph of the 10 year spread (Italy to Germany) from Bloomberg. And for Spain to Germany. The Italian spread is at 3.713, and the Spanish spread is at 3.87. Both new highs ...

• As we've been discussing for several months ... from Nick Timiraos at the WSJ: Sliding Sales Listings Lift Housing Outlook

The number of homes listed for sale declined sharply in a number of U.S. cities during the second quarter, offering glimmers of hope that some housing markets are starting to recover.

Earlier:
• Recession Measures (Graphs showing how little the economy has recovered).

• FHA sells record number of REO in June

• U.S. Light Vehicle Sales 12.23 million Annual Rate in July