Storm Cuts Power to More Than One Million Homes in New England [1]. But of course SurvivalBlog readers were well-prepared. One key quote from the article: “It’s kind of lawless out there right now. There’s a lot of people very frustrated, stacking up at the gas stations. It’s pretty ugly.”
o o o
Sans culottes! Wall Street sage Jim Rogers declares that most of the big banks in the US are “totally bankrupt.” [2] The comment was made in the Reuters Investment Outlook 2009 teleconference: “Without giving specific names, most of the significant American banks, the larger banks, are bankrupt, totally bankrupt, ” Rogers said.
o o o
More economic news, courtesy of Manky: Fed Mulls Issuing Own Debt [3] — Our asset-dependent economy [4] (Tom Iacono) — Why home values may take decades to recover, Some see 2006 as ‘lifetime’ peak in prices [5] — World markets plunge on US auto bailout failure [6] — Humpty Dumpty On Inflation [7] (Mish Shedlock) — ‘Pay option’ mortgages could swell foreclosures [8]
o o o
Thanks to Brian H. for sending this: Russians Buy Jewelry, Hoard Dollars as Ruble Plunges [9]