Jim’s Quote of the Day:

“Welcome to a depression. Not such a bad thing, really. Just a period of adjustment…a time for fixing, re-organizing, downsizing, and mending. There’s a time to every purpose under heaven. This is the time to take stock and shape up.

But wait again. It doesn’t feel like a depression. Where are the soup lines? Where are the Okies packing up and moving to California? Where are Ziegfield Girls, the Civilian Conservation Corps and Eleanor Roosevelt? How come this depression’s not in black and white?

Well…because this is a 21st century depression. This depression is in living color…and it comes to a world that is much richer than the world of the 1930s. Besides, it is just 1930…not 1932. Give it time.” – Bill Bonner, The Daily Reckoning