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Odds 'n Sods:
Reader J.L. sent this piece describing the impact of a new Federal regulation: "New
safety rules for children's clothes have stores in a
fit". J.L's comment: The thing that galls me, is that the thrift/resale
arena is one of the few bright spots in the economy, and they are some of the
few places
people
can go and get low priced clothes to help them get through this recession."
o o o
Frequent content contributor Bill N. found a web site with a
useful comparison of civilian MRE equivalents.
o o o
Reader Paul B in Texas found this 60 Minutes television segment
linked over at iTulip: The
Next Wave of Mortgage Defaults. Paul's comment: "This indicates the real
estate market still has four to five years to continue its downward fall. Things
are
getting
worse,
not bottoming out!" JWR's comment: The scary
thing is that the
Alt-A
and
Option
ARM defaults that they mentioned are just a small fraction of the threat
posed
by
the
huge
overhang
of Credit Default Swap (CDS) derivatives. Beware!
o o o
My old college friend Mike (now back in Iraq for the third time) sent me this
article: U.S.
Facing
Debt Time Bomb. One oddity: This January 3rd piece appears to have been partially
spiked.
It
can
no longer be found with a search at The Washington Post web site, nor
at the MSNBC
site. Where (Mike found it, on January 4th.) I
suppose
that
some
editors would prefer to see such sans culottes articles go away quickly.
So it took me some searching
to find the full text. Luckily, it had been re-posted by several discussion
forums.
o o o
And here is the latest batch of news and commentary from The Economatrix: Obama
Plunges Into Pre-Inaugural Talks -- US
Millionaires Lose 30% of their Wealth -- McMansion
Trend in Real Estate Slows as Economy Slumps -- Billionaire
Kills Himself Over Financial Crisis -- Obama
Says US Economy is "Very Sick" -- Crunch
Puts Car Buyers in Negative Equity Loans -- Beware,
Commodity Index Rebalancing Ahead -- Looming
Collapse of Russia and China (Marty Weiss) -- Empty
Offices are on the Rise -- Barron's:
Get Out Now
