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 
LA mayor: City will pay costs from Jackson event . How can Los Angeles justify this expense, given their fiscal situation?
GG sent this: Federal tax receipts down 31% in Second Quarter 
Items from The Economatrix:
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
California Nightmare  (The Mogambo Guru)