Day: October 19, 2009

Twenty-Two Reasons Why this Recession is Different and Why it Will Endure

I find it surprising that I’m now getting inquiries from readers, asking if “we’ve reached bottom” in the current economic recession, and asking if the time has come to start buying stocks or residential real estate. It seems that the talking heads of mainstream media are using some sort of voodoo. How can anyone think that we’ve hit bottom, and an economic recovery is in progress? To dispel the myths from the CNBC Cheering Section, please consider the following. (And note that I’ve provided references for each assertion, just so you know that I’m not talking out of my camouflage …


Two Letters Re: Preparations for Eyesight & Hearing

Jim, I thought that I would respond to Jake G.’s letter on “Preparations for Eyesight & Hearing”. I feel I can offer a little insight (no pun intended) on eyesight and Lasik. I had Lasik a little less than two years ago. I had just turned 43 and, after 22 years of wearing glasses or contact lenses, I was ready to make the jump. I didn’t take it lightly, as having any procedure contains some degree of risk, but having surgery on arguably the most important of your five senses is scary. I had been in love with the idea …


Letter Re: Gear That is Hidden in Plain Sight

James, I have built a series of Hidden in Plain Sight (HIPS) bird house caches that can conceal a Seahorse Waterproof Case. These cases are similar to a Pelican brand case. The Seahorse company has cases developed for pistols, so I have built a birdhouse. It is a 4-place birdhouse.Two of the spaces are real bird houses, but the other two are dummies, with the top on hinges. The Seahorse case fits nicely inside. My thoughts on this were, for instance, say an intruder breaks into your home in suburbia, your space is compromised, you have enough time and thought …


Influenza Pandemic Update:

Reader Sheila A. mentioned n informative piece on flu immunizations, from The Atlantic: Does the Vaccine Matter? Swine Flu Claims 11 More Children NY Judge Halts Flu Vaccine Mandate for Health Workers Children Should Not Be Given Common Pain Killer After Vaccine Swine Flu Taking Toll on Hospital Health Workers UK: Swine Flu Death Toll Passes 100, 2 Pregnant Women Die CDC: Production of Swine Flu Vaccine Lagging More than Half of Americans to Refuse Swine Flu Vax UK: Top Insurer Tells Doctors Not to Give Swine Flu


Economics and Investing:

Karen H. kindly sent us the following items: Bank of America Posts Third-Quarter Loss on Defaults. “The idea that the financial crisis is over is a fantasy and it looks like the numbers bear that out,” GE Profit Falls 45% as Revenue Trails Estimated Buyers Suing Trump in Miami Condo Glut as Values Return to 1989 “There’s no recession in the real estate litigation community,” Focus growing on keeping the jobless in their homes. A Perfect storm’s brewing to cool petroleum demand. Items from The Economatrix: Workers Still on Job, But Making Half as Much Delaying Foreclosure Can Lead to …


Odds ‘n Sods:

Reader Mark K. sent a link to an interesting chart that shows the sources of state revenue. This could have a bearing on your choice of retreat locales. (As I’ve previously mentioned in SurvivalBlog, folks that want to truly “live off the land” need to consider property tax and sales tax rates carefully.)    o o o Chris mentioned this tidbit: Lone Star Energy: Why Texas Will Resist the Call for a Unified Grid.    o o o Reader HH sent this article: The Case For Withdrawing Nickels. It adds credence to my advice on stockpiling US five cent pieces …


Jim’s Quote of the Day:

“Anyone who clings to the historically untrue — and thoroughly immoral — doctrine that “violence never solves anything” I would advise to conjure up the ghosts of Napoleon Bonaparte and of the Duke of Wellington and let them debate it. The ghost of Hitler could referee, and the jury might well be the Dodo, the Great Auk, and the Passenger Pigeon. Violence, naked force, has settled more issues in history than has any other factor, and the contrary opinion is wishful thinking at its worst. Breeds that forget this basic truth have always paid for it with their lives and …