Amid All of the Bad News, a Few Positive Items

1. Luxury Goods Fly Off Shelves -- "The luxury category has posted 10 consecutive months of sales increases compared with the year earlier, even as overall consumer spending on categories like furniture and electronics has been tepid. In July, the luxury segment had an 11.6 percent increase, the biggest monthly gain in more than a year." (HT: Cabodog)

2. July Monster Employment Index Europe Gains 21% Year-over-Year.