Day: September 28, 2006

The Real Estate Bubble Bust — Where and When is the Bottom?

Here is your daily dose of Doom und Gloom (DUG)TM: I was recently asked by a consulting client where and when the U.S. real estate market will likely bottom. Clearly, the market has until recently been frothy, with all the signs of a speculative bubble. Lots of people that had no business doing so bought “spec” houses. Many of these buyers were under-qualified, often stretching the truth on their mortgage applications when they described their assets and incomes. Many houses were bought with interest only loans. They purchased second, third, or even fourth homes with the goal of flipping them …


Letter Re: Deciphering MRE Date Codes

My thanks to R.E.M. for his hard-earned experience on rotating food stocks. Perhaps I can ease his frustration a bit about not reading the packing date of USGI MREs – there is indeed a numbered code packing date on every MRE case, the outside of the newer USGI MRE retort packages and best of all, every individual item in each MRE package. You can go to the www.mreinfo.com web site for the whole story, but to condense the code for you, say you have a four-digit or longer number on the outside of the package – take the first number …


Letter Re: Rethinking Global Oil Reserves

Michael Z. Williamson is correct that folk don’t think about all the uses of oil in the products we buy. The sustainability of our growing population is dependent upon massive amounts of oil used in pesticides and fertilizers in order to obtain spectacularly large crop yields per acre, not to mention the harvesting, transportation, and transportation of food. Shortages of oil could have a severe impact on food production, and last year even the “moderately high” price of fuel caused a few farmers to not be able to harvest their crops. One problem with the oil picture is that not …


Odds ‘n Sods:

The Rabid One mentioned that there is an interesting thread of conversation over at The FALFiles Survival/Preparedness Forum about fallout meters and the small “personal” detectors such as Nuk-Alert.    o o o SurvivalBlog reader Stephen mentioned that there is some interesting commentary on derivatives down near the end of The Mogambo Guru’s latest posting.    o o o Reader Ben L. mentioned this article about more Nanny State encroachment: Breed Specific Dog Bans


Jim’s Quote of the Day:

“Being a lover of freedom, when the [Nazi] revolution came, I looked to the universities to defend it [freedom], knowing that they had always boasted of their devotion to the cause of truth; but no, the universities were immediately silenced. Then I looked to the great editors of the newspapers, whose flaming editorials in days gone by had proclaimed their love of freedom; but they, like the universities, were silenced in a few short weeks…Only the Church stood squarely across the path of Hitler’s campaign for suppressing truth. I never had any special interest in the Church before, but now …