Courtesy of Steve H., comes this article: Is your grocery bill going up? You’re not alone [1]
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More and more bad economic news: Investment Firms Tap Fed for Billions [2]. Meanwhile, we read: Corporate liquidity begins to dry up [3]. Also, The Insider [4] told me that KB Home (already in hot water for inflating home appraisals [5]) just defaulted on a $850 million loan from Wells Fargo, and they’ve been given just 30 days to settle up, or face a foreclosure that could trigger collapse of the company. The global credit crisis is far from over, folks. The chances of a full scale economic depression are growing, daily. Get your logistics squared away, pronto!
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California freefall: Home prices down 26% since last year [6]. This is not anywhere near the bottom folks. I stand by my prediction of at least 60% price declines in the most overbought markets.
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Do you own a Remington Model 700? If so, then reader CDR recommends the Remington 700 BDL Kwik Klip Magazine Conversion [7], available from Cabela’s, Gun Parts Corp., and several other Internet vendors.