600 companies report today and tomorrow so if you are looking for analyst reports at midnight with quotes like “we are cautiously optimistic” this is your week baby.

Because it’s August and no one is paying attention right now.

Billionaire commodity guru Jim Rogers believes the next economic catastrophe is coming. Just look at this miniature watercolor by Cezanne, its gonna sell for 6 Million Pounds! Jim Rogers is a legend, he is right in stating that this party is coming to an end, one way or another. There are too many conflicting political interests, and ideological approaches.

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Rogers, who discussed his outlook on “The Bottom Line” with Henry Blodget, told the Business Insider founder that the tremendous debt buildup and unreasonably high asset valuations have made the global economy even more vulnerable than it was in 2008, and that the next crash will the “Well, it’s interesting because these things always start where we’re not looking. The world can't even find a common approach to dealing with terrorism. You're better off going it alone, it's what I did, discard all desire for power.

Everyone is on the SAME SIDE OF THE BOAT and MARGIN DEBT IS OFF THE CHARTS! The only thing is "SOME" asset prices are going thru the Roof... t=DBA&ty=c&ta=0&p=m Inquiring minds want to know!!! It doesn't have to be a crisis EVER,,,markets don't HAVE TO DO ANYTHING... There are only a few major CB's and their management teams are small and homogenous. Governments will not be able to act together to provide stability in the face of instability.

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It’ll cause some rallies but it won’t work this time. But he is correct that the next one wil hit high and low, wide and near.

And as Bloomberg reported in April, a rash of bankruptcies are unearthing hidden debt and suggesting that the true debt load in China’s corporate sector is much higher than previously believed. The Fed, with interest rates near zero and its balance sheet still swollen at .5 trillion, will probably be powerless to mitigate the fallout from the coming crisis, Rogers said. “When things start going really bad, people are going to call and say, ‘You must save me. It’s going to collapse.’ And the Fed, who is made up of bureaucrats and politicians, will say, ‘Well, we better do something.’ And they’ll try but it won’t work. Most likely CBs won't let it ever revert to the norm, at least not in my lifetime.

CFU -----(Bacteria) Colony Forming Unit BDK -----(Java) Beans Development Kit SVV -----(Latin FUD -----"(spreading) Fear, Uncertainty and Disinformation" BOB -----(Taco Bueno's) Big Ole Burrito IIE -----"(the) Institution (of) Incorporated Engineers [in electronic, electrical and mechanical engineering] " OTY -----[the whatever] Of the Year YXB -----10-Year Commonwealth Treasury Bond DDQ -----"2,3-Dichloro-5,6-Dicyano-1,4-benzo Quinone [oxidizing agent in organic chemistry]" TCP -----"2,4,6-Trichlorophenol (disinfectant) " TDE -----2-dichlorethane (organochlorine insecticide) MDA -----"3,4-methylenedioxyamphetamine (synthetic hallucinogenic drug)" QNX -----3-quinuclidinyl-xanthene-9-carboxylate hemioxylate ABQ -----A Better Quality PLU -----a code for supermarkets (meaning unknown) SCB -----a sticker found on a small banana BNC -----a type of video AUC -----"ab urbe condita, or anno urbis conditae (Latin: in the year, indicates number of years since founding of Rome) " YXX -----"Abbotsford, British Columbia" QUE -----abbrev.