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Odds 'n Sods:
Reader Willa. J. e-mailed me to ask if we have "...now seen the bottom
of the stock market?" She went on to ask if it was safe to starting "buying
back into the market"
as some of the cheering section "analysts" on MSNBC have suggested. Don't
get suckered in! As I mentioned a while back, price to earnings ratios
have a lot farther to fall, to
match typical
recession
lows.
And since
the
current
slump in not just a typical market cycle manifestation--rather,
it was triggered by the worst credit collapse in history--the markets could
get
hit
even worse
than they were in the 1930s. Most ominously, the huge drop in The
Baltic Dry Index (BDI) illustrates
the deep level of distrust that now exists for letters of credit in
transoceanic trade.
Global commerce is essentially shutting down. Any corporation that depends
on international
trade
is likely to suffer very badly in the months to come. Dear readers, if you
haven't done so already, get out of your dollar-denominated
investments (including stocks),
and buy tangibles. Inflation will return with a vengeance.
This is inevitable because of the monumental public spending on Mother of
All Bailouts (MOAB).
When inflation does kick in, you will be glad that you own productive farm
land, tools, a family food reserve, and
precious
metals
to
preserve your
wealth.
o o o
Neil G. mentioned this this bit of confirmation for something that SurvivalBlog
readers already know: Yes,
We Have No Silver
o o o
More news and commentary from our Economic Editor: Stocks
Fluctuate As Investors Weigh The Economy -- Oil Prices
Tumble To Lowest In More Than A Year -- Treasury
Set To Dish Out Financial Rescue Funds -- Asian
Stocks, US Futures Slump -- US
Stocks Start Day With Further Decline -- Credit
Squeeze May Cut Crops, Spur Food Crisis -- Nikkei
Dives 6% -- Argentina And The
US Dollar's Fate -- US Dollar Currency
Collapse Within 30 Days -- Getting
Ready For "The Turn" In The Dollar -- Europe On Brink Of Currency Crisis
o o o
Sean M. found a link to a
home biodiesel maker. For a lower-cost solution that is designed for
even higher production volume, Ready Made Resources sells
another
biodiesel making system that is also factory made.
