Economics and Investing:

From frequent content contributor GG: Commodities market is the place to be, says Jim Rogers. Rogers describes Ben Bernanke: “He’s an idiot.”

Reader HPD mentioned this piece by Robert P. Murphy: Mish Should Ditch His Deflation Fears

Who’s getting hit most by layoffs?

LA mayor: City will pay costs from Jackson event. How can Los Angeles justify this expense, given their fiscal situation?

Struggling Landlords Leaving Repairs Undone

GG sent this: Federal tax receipts down 31% in Second Quarter

Items from The Economatrix:

Brand Name Companies Go Bankrupt

Obama Says Unemployment Will Increase for Months
How jobless numbers will respond is “not yet clear”

Some Economists Warn Obama’s Too Optimistic on Economy

Still Traveling for Business But Carefully

FBI: Bank Robber Cites Economy in Holdup

Strong Results at Intel Pull Stocks Sharply Higher

Despair Flows as Fields Go Dry and Unemployment Rises The San Joaquin Valley is America’s fruit and vegetable basket.

Jobless Benefits Run Out in Record Numbers

Washington’s Dilemma: This Isn’t a Recession, it’s a Collapse

California Nightmare (The Mogambo Guru)