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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)
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