Paul C. spotted this article: Birmingham on the brink (of bankruptcy). Do you remember my warnings starting in January of 2008 about municipal bonds?
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John and Abigail Adams sent us the URL for a site on North American Indian Recipes.
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Does this word from the mainstream analysts sound familiar? This is from MarketWatch e-Newsletter (on October 14th): “Gold prices could hit $1,500 as global plans to rescue the financial industry are set to increase inflation pressures, according to analysts led by Francisco Blanch at Merrill Lynch. “The unintended consequence of the ongoing financial bailout will be a return of inflationary pressures to the commodity markets,” wrote the analysts in a note released Monday. The analysts didn’t say when gold would hit the price target. They also predicted oil prices will rise to $150 a barrel.” (A tip of the hat to Charley for the link.)
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Several readers mentioned the commentary by Zeus Yiamouyiannis that was posted yesterday over at Charles Hugh Smith’s Of Two Minds blog: Imaginary Worth, Empire of Debt: How Modern Finance Created Its Own Downfall. Several other readers mentioned Glenn Beck’s recent interview of Peter Schiff, now available as a YouTube video clip. Schiff warns of mass inflation fueled by the gargantuan Federal bailouts.
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Cheryl sent us this heapin’ helpin’ of gloom-n-doom cuisine: Coming Soon: The $600 Trillion Derivatives Emergency Meeting — Dow Plunges 733 Points On New Disheartening Economic News — Smaller Banks Resist Federal Cash Infusions — Financial Crisis = Birth Pains Of New Currency — US Bailout Fails To Do For Bush What It’s Done For Brown — Wall Street Humiliated By Nationalization Of Banks — US Treasury Bond Market Crash — Asian Markets Return To Reality — Now Here Comes The Recession — Iceland Forced Into Russia’s Arms: Market Down 77% — Chicago Mayor To Shut Down Government For Six Days