Day: August 16, 2009


Letter Re: Viability of a Well-Stocked Suburban Retreat?

Good Morning! Thank you for the info you provide for all of us in your web site. I live in the Kansas City Area in a beautiful suburb which is one of the nicest cities in the country. till doing okay in the depression too. My work is secure and I do well and I own my own twp-story with basement frame home and have been making it a retreat for the past five years. I have no debt and am 60 days ahead with my mortgage and insurance and utilities. Am I absolutely crazy to try to stay here …


Economics and Investing:

Farmer John suggested this piece by James Quinn: American Idiots. John’s comment: “This is why the government can do what it wants.” Karen H. kindly sent these items: Regulators Shut Down Colonial BancGroup; Largest U.S. Bank to Fail in 2009. JWR Warns: There are many more bank failures to come! Toxic Loans Topping 5% May Push 150 Banks to Point of No Return Sugar May Advance 80% on Supply Crunch, Coleman says [Have you already stocked up?] U.S. Economy: Consumer Sentiment Falls, Prices Steady Items from The Economatrix: Alabama-based Colonial Bank Fails, Cost is $2.8 Billion BB&T Takes Colonial as …


Odds ‘n Sods:

Dan H. and Chris Z. both pointed to where the EMP threat is getting some more mainstream media coverage: Rep. Roscoe Bartlett On Grid Security    o o o F.G. mentioned this news item about the new Terms and Conditions (Ts and Cs) for the Ts and Cs: Britain imposes direct rule of Turks and Caicos isles. F.G. ‘s comment: “The empires strikes back!” [JWR Adds: Did offshore banking privacy play into this decision?]    o o o Global warming update: Wyoming set for Late Summer Mountain Snowstorm. One historical note: Snow has been reported in every month of the …