Locked away with the canned meat and emergency medical supplies is my copper hoard, about ten pounds of pre-82 pennies. Copper has fallen almost 7 per cent, to $4.10, and I am on the road to ruin.
Maybe worse, a forced trip to WalMart yesterday triggers fear that the bulk packs of .22LR may be in danger as financial instruments. Winchester 555 packs have come down a dollar, to $18.97, the same as the Federal and Remington 550s. On the other hand, maybe Winchester is just correcting a marketing error. Perhaps the company couldn't make anyone believe the extra five rounds, the romance of the marque, and the more colorful packaging added up to an extra buck's worth of value. Still, the decline gets my attention, and I'm sure glad I didn't buy any of these little beauties on margin.
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Elsewhere on the economic front, the markets this morning prove me an idiot. I sort of predicted a further slide, but the Dow was up a couple hundred points a few minutes ago.
My defense is that the president and Tim didn't make statements this morning, and politicians with their mouths closed are always bullish signals.
Besides, QE3 is back in the news. Ben and the guvs are looking for ways to buy more Obama bonds with magic money. True, they are having some trouble figuring out how to spin it as something else which they must do in view of the fact that a number of high school graduates are beginning to see through the scam.
(As Warren Buffet said, "If I own a printing press my debt is always good.")
Aug 9, 2011
Vox populi
In riotous London a youth explains his looting:
"We ain't got no jobs, no money. We heard that other people were getting things for free, so why not us?" asked E.Nan, a young man in a baseball cap in Hackney, a multi-ethnic area in east London and one of the worst hit areas.
Not much comment necessary here, although it's hard not to wonder just how deeply the same thought processes are ingrained in our own folks.
Not much comment necessary here, although it's hard not to wonder just how deeply the same thought processes are ingrained in our own folks.
Aug 8, 2011
Adults in the Room
I know, The Dow fell 635 points, wiping out five and one-half per cent of all wealth invested in our 30 creme de la creme industries. Actually, things aren't quite that rosy. The broader NASDQ and S&P (Boo!) 500 declined even more.
As our president told us early this afternoon, this is mean and unfair, the spawn of unreasoning fear, panic, He calmly laid out the challenges we face and drew the new road map to prosperity. (It got a little hazy, but I think his route went through Spendmore, NY; Taxarichies, CA; Upper Regulation, NJ; and Pixie Dust, CT.)
There's little doubt that His Obamaness, Secretary Geithner, Chairman Bernanke and key leaders of our congress will be in serious discussions tonight . They will produce plans. They will tell us about how their calm and dispassionate -- "adult," if you please -- decisions have lighted our path.
In other words, expect the Dow to slip another few hundred points tomorrow. If there's anything worse than panic and terror, it is the carefully thought-out decisions of the politicians we've been electing for the past few decades.
.
As our president told us early this afternoon, this is mean and unfair, the spawn of unreasoning fear, panic, He calmly laid out the challenges we face and drew the new road map to prosperity. (It got a little hazy, but I think his route went through Spendmore, NY; Taxarichies, CA; Upper Regulation, NJ; and Pixie Dust, CT.)
There's little doubt that His Obamaness, Secretary Geithner, Chairman Bernanke and key leaders of our congress will be in serious discussions tonight . They will produce plans. They will tell us about how their calm and dispassionate -- "adult," if you please -- decisions have lighted our path.
In other words, expect the Dow to slip another few hundred points tomorrow. If there's anything worse than panic and terror, it is the carefully thought-out decisions of the politicians we've been electing for the past few decades.
.
Barefoot and pregnant?
No, Gentlemen, that's not a principle we should marry.
With a purse full of francs and something shooty in her garter, she made life difficult for Nazis in France. What more could we have asked of anyone?
RIP, White Mouse.
.
With a purse full of francs and something shooty in her garter, she made life difficult for Nazis in France. What more could we have asked of anyone?
RIP, White Mouse.
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