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Chart Of The Day – Saturday, September 07, 2013

• Housing Starts Continued in Renewed Downturn

• Outlook Is Increasingly Bleak for Second- and Third-Quarter Economic Growth, Irrespective of GDP Reporting Nonsense

• Fiscal-Policy Issues Come to the Fore in September

Source: Shadow Statistics

Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

Additional disclosure: Chris DeMuth Jr is a portfolio manager at Rangeley Capital, a partnership that invests with a margin of safety by buying securities at deep discounts to their intrinsic value and unlocking that value through corporate events. In order to maximize total returns for our partners, we reserve the right to make investment decisions regarding securities without further notification.