Note From JWR:
Today we remember the fifth anniversary of the 9/11/01 radical Islamic terrorist attacks in the eastern United States. We still live in a very dangerous world. It is rational to still be fearful. Be prepared.
Day: September 11, 2006
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Staying Prepared at All Times, by Christian Souljer — September
As I remember my personal 9-11-01 experience, I am reminded that it is smart to always be prepared for the unexpected. Many of us have some kind of story regarding that day in September of 2001. I was out bow hunting about 200 miles from home. One of the hunting party had a radio and heard the news. When we got back to camp from the morning hunt, that person excitedly proclaimed, “There have been several plane attacks on the world trade centers and the Pentagon!” We determined that a new type of war had begun. We did not know …
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Letter Re: ARM Twisting and the Nascent Real Estate Market
Mr. Rawles: I’ve been following the articles you post about the impending housing bubble burst, and I happened to see this article about Adjustable Rate Mortgages (ARMS) that backs up some info you had posted not too long ago. One interesting statistic I saw on page 4: “More than a fifth of option ARM loans in 2004 and 2005 are upside down — meaning borrowers’ homes are worth less than their debt. If home prices fall 10%, that number would double.” So 40+% of mortgages would be upside down, in an only 10% depressed market? Not looking good. I rent …
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Letter Re: Swords and Bows for that Dreaded Multigenerational Scenario
Jim, Arrows are basically fragile. The aluminum XX75s are pretty durable, for what they are, but they still bend. The ‘game-getters are even softer, and bend easier. There are ways of straightening them, but is is pretty hard to get perfect. I like to say, “something can be bent 1000 ways, but there is only one straight” Graphite arrows are more durable, and skinnier, thereby giving better penetration. The big arrow companies are working hard at making better arrows, but of course, the latest is always the most expensive. Wood is out, for shooting from a compound bow. If they …
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Jim’s Quote of the Day:
"It cannot be emphasized too strongly or too often that this great nation was founded, not by religionists, but by Christians; not on religions, but on the Gospel of Jesus Christ. For this reason peoples of other faiths have been afforded asylum, prosperity, and freedom of worship here." – Patrick Henry 1765
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