From frequent content contributor GG: Commodities market is the place to be, says Jim Rogers [1]. Rogers describes Ben Bernanke: “He’s an idiot.”
Reader HPD mentioned this piece by Robert P. Murphy: Mish Should Ditch His Deflation Fears [2]
Who’s getting hit most by layoffs? [3]
LA mayor: City will pay costs from Jackson event [4]. How can Los Angeles justify this expense, given their fiscal situation?
Struggling Landlords Leaving Repairs Undone [5]
GG sent this: Federal tax receipts down 31% in Second Quarter [6]
Items from The Economatrix:
Brand Name Companies Go Bankrupt [7]
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 [8]
Still Traveling for Business But Carefully [9]
FBI: Bank Robber Cites Economy in Holdup [10]
Strong Results at Intel Pull Stocks Sharply Higher
Despair Flows as Fields Go Dry and Unemployment Rises [11] 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 [12]
California Nightmare [13] (The Mogambo Guru)