«-- Jim's Quote of the Day: | Main | Letter Re: Salt and Other Key Items to Store for Barte --»
Odds 'n Sods:
Reader "Bigbird" spotted this "must read" piece: In
Europe, crisis revives
old memories. Bigbird's comment: "It looks like Americans aren' t the
only
ones who practice survivalism."
o o o
Bob McC. mentioned this Piece at Fox News: Uses
for $700B Bailout Money Keep Changing. Bob's comment: "The clueless
Congress just starting to discover that banksters lied! And they
wondered why 3/4ths of American constituents opposed the
plan!"
o o o
Reader Currie M. sent us this link: The
Baltic Dry Index (BDI) Plummeting. Currie's comments: "I consider
this an accurate representation of economic conditions, in real time. It
seems to signal what other indicators take much longer to recognize. This
BDI chart signals to me that the the world economy is grinding to a halt.
The globalization bubble is deflating at a horrific pace. A ninety
percent drop! Not only are there grave economic
considerations to having world trade crash, but the recent rumors of banks
not wanting to accept letters of credit from other previously trusted international
bank partners is strengthened. Who wants to ship if they will not get paid?
The entire world (not just the US or European) banking/financial system is
tottering."
o o o
From our ever-reliable Economic Editor, Cheryl N. comes this news and commentary: The
1929 & 2007 Bear Market Race To The Bottom -- Nouriel
Roubini: I fear the worst is yet to come -- US
Joins UK On "Brink" Of Recession -- Gold
Stocks Were Financial Saviors In The 1930s -- October:
Monster Market Mash
o o o
Susan Z. flagged this article by our friend Michael Panzner: 'When
the U.S. Sneezes, the Rest of the World...' Yikes! This is starting to
sound much more like an incipient depression rather
than a recession.
