Notes from JWR:

I dislike the way that the New York Times often posts articles as a teaser for only the first 24 hours of publication, and then requires a registered “free” subscription. (Grumble, grumble.) If the NYT site link stops working, then here is a site that has re-posted Sunday’s “Duck and Cover: It’s the New Survivalism” article, although it is sans the original links.




Letter Re: Horse Breeding Now, and in the Future

Jim, I wanted your opinion on something. I raise Quarter horses, mostly show prospects and have done this for a lifetime. I own the stallion, I do the breeding of my own mares and ship [straws of frozen] semen all over the country for others. I also train outside horses for a living. As you well know the horse economy like everything else is going down the tubes. I have been down sizing for the past three years as the Holy Spirit has prompted [my string] going [down] from 60 to 30. I did not breed any of my mares …




Letter Re: Retreat Livestock Guardians

Hello, This is in response to TDs’ article on Retreat Livestock Guardians. My wife and I left the computer industry about 10 years ago and established our little retreat in N.E. Texas. We have 60 acres with a stream, couple of livestock ponds, well, and a cistern. We presently have as livestock: Boer goats, horses, donkeys – (both standard and what is called Giant), pigs, ducks, and chickens. And of course several cats. Cats keep the snakes, tarantulas, rodents, and other small nuisances away from the house and barns. Why I am writing is because when we moved out here …




Odds ‘n Sods:

Remember how I predicted that the global credit crisis would spawn a wave of forced buy-outs, mergers, acquisitions, and liquidations? Here is news of another one: Washington Mutual close to $5 billion deal with TPG, others. Be prepared for more mergers, many of which will be cases of “strange bedfellows” involving credit unions, pension funds, and perhaps even cities (municipal bonds). Derivatives contract defaults will indeed force some very odd partnerships and salvage operations. If managers’ only options are bankruptcy or buying out the counterparty to a derivative, then guess which they will choose?    o o o Frequent contributor …