«-- Jim's Quote of the Day: | Main | Letter Re: Determining the Best Pistol Ammo to Store for Barter --»
Odds 'n Sods:
Government
warns of "catastrophic" U.S. quake in New Madrid Seismic
Zone
o o o
David V. sent this: Argentine
Stocks Threatened as Biggest Holders Seized.
o o o
There is an old saying on Wall Street: "Nobody beats the bear." That was
recently proven out by Warren Buffett, the legendary manager of Berkshire
Hathaway.
Because of some bad trading decisions, the company's share value has declined $23 billion since
September 17th. Buffett's company had a value over $55 billion, but now
they're down to just over $32 billion. That is still quite a nest egg, and they've still made a pile of money for their stockholders in the past 42 years. OBTW,
stocks may be down, but it looks like the
gold bull may be resuming his charge. The analysts quoted by Bloomberg
seem to agree:
Gold
Surges Amid Deflation Concern; Silver, Platinum Rebound
o o o
Reader B.H. mentioned that the
USDA now has a rural loan program for middle to
low income families that offers "zero down" or "low down" loans. The goal
of the program
is
to get
people to move to rural areas. The loans can be for new construction, remodels
and even manufactured homes or multi-family units. I'm adverse to debt, but if
you must get a mortgage, then get a low interest one, and pay it off as
quickly as possible!
o o o
Another Day of Dollar-based Dreariness from The Economatrix: Citigroup's
Troubles Will Not Sleep -- EU's
Superbank EIB in Perilous Waters -- Brutal
US Share Sell-Off as Oil Drops -- How
the Oil Collapse Changes Everything -- Freddie
Suspends Foreclosure Sales Temporarily -- The
Global Financial System is Coming to an End Here are a couple of quotes: "There
are going to be stock market rallies within this bear market, and that will
be
the time
for
those still holding and hoping to get out before
the bear
really begins to claw in 2009." And, "Before this secular Bear Market
is over, we are going to new lows in all indices, more than 3,500 banks will
close, unemployment will surge, there
will be violence
in the streets and people will kill you to get what you have." -- Silver
in Crisis -- How
Low Can the Dow Go? -- Stocks
Rally as Obama Picks Geithner to Head Treasury -- 'Unprecedented" Biotech
Bankruptcies Erupt as Global Crisis Curbs Funding -- GMAC
Applies For Bank Status, TARP Funds -- Traditional
Pensions: Are They At Risk?
