Category: Odds ‘n Sods

Robert C. alerted us to “a real life synopsis of what happened post-Hurricane Katrina from folks who witnessed it.”    o o o Where will the Dow bottom? This was recently posted at The Trader Blog: The Good, The Bad & The Ugly – Three Scenarios For The Stock Market    o o o We warned you about the precipitous drop in overseas shipping long before the mainstream media picked up on it: Investors shun Greek debt as shipping crisis deepens. The article begins: “Freight rates for shipping are crashing at the fastest pace ever recorded as banks shut off …

More gloomage from Cheryl, our Economic Editor: Germans Freeze £21 Billion in Property Fund (“Nearly €30bn of German property funds were frozen between Tuesday and Friday last week in what industry experts fear could foreshadow a UK commercial real estate collapse.”) — The Federal Reserve is Inflating at 341% Per Annum — Cash Was King, Now Gold Is God — Fed Interest Rate Cut May End Up Making Matters Worse (“The Federal Open Market Committee’s half-point cut in its Federal Funds target does not address the leverage and credit issues in the banking system.”) — Gold, Faith And Credit (The …

Congolese behind rebel lines try to return home. Once again, we see that the last thing you want to be is a refugee–or an “Internally Displaced Person” (IDP) in the modern parlance.    o o o Ted suggested this article over at Gold-Eagle, by Scott Wright: Commodities Bull Market?    o o o Reader Marsha U. asked about a good place to find full capacity magazines for her FN PS90 and HK93. (She notes: “I feel the need to stock up well before Bush leaves office.” ) For commercial vendors, I recommend CDNN Sports. For finding private sellers, I recommend …

Ready Made Resources (one of our original advertisers) just launched an unusual 25% off sale on Mountain House and AlpenAire freeze-dried foods. Unlike many storage food dealers, they actually keep considerable stock in-hand. This is a limited-time offer, so don’t delay in placing your orders!    o o o They say a picture is with a thousand words. Well, these photos are worth 100 Billion: Chuck mailed us a link to a series of amazing photos from Zimbabwe, posted at blogoncherry. Make sure that you scroll all the way down to see the Z$100 Billion note. I suppose that next …

Reader Mark A. wrote us to mention that he had found this web site that houses “more information then in one spot then I have seen anywhere else. The site is maintained to provide Third World countries information on farming and sustainability. All their information is free to download. Note, however that their ZIP files are very, very large. There are 4,000 titles, totaling 13 gigabytes.”    o o o In a recent e-mail, The Chartist Gnome mentioned two things about the precious metals market that confirm my observations: 1.) The COMEX spot prices now have no correlation with “real …

Larry in Cincinnati spotted a link over at the excellent Urban Survival blog to a classic book in the public domain: Handy Farm Devices & How To Make Them. (BTW, there are lots of other free references available at the Journey to Forever site.)    o o o Adrian mentioned an article over at The Trader Blog with some observation on Iceland’s economic turmoil and potential for hyperinflation: What Happens After A Country Implodes? Also, don’t miss this very recent piece by the same blog author: “We are approaching the apogee of the Treasury bubble”    o o o Ready …

KAF bookmarked this one for us: FuturePundit: Face Masks And Hand Sanitizers Slash Flu Risks    o o o From our Economic Editor comes another big batch of news and commentary: Gun Sales Thriving In Uncertain Times — Europe On Brink Of Currency Meltdown — Iceland: IMF Cash Not Enough — Current Volatility Hints At Next Crash — Financial Crisis: Latin America Hit Hard — Customer Panic And Bank Run In Kuwait — Dow Up Almost 900 Points, But No Sighs Of Relief — Iceland Raises Interest Rates To 18% — White House To Banks: Start Lending Now, Stop Hoarding …

Reader Willa. J. e-mailed me to ask if we have “…now seen the bottom of the stock market?” She went on to ask if it was safe to starting “buying back into the market” as some of the cheering section “analysts” on MSNBC have suggested. Don’t get suckered in! As I mentioned a while back, price to earnings ratios have a lot farther to fall, to match typical recession lows. And since the current slump in not just a typical market cycle manifestation–rather, it was triggered by the worst credit collapse in history–the markets could get hit even worse than …

Reader “Bigbird” spotted this “must read” piece: In Europe, crisis revives old memories. Bigbird’s comment: “It looks like Americans aren’ t the only ones who practice survivalism.”    o o o Bob McC. mentioned this Piece at Fox News: Uses for $700B Bailout Money Keep Changing. Bob’s comment: “The clueless Congress just starting to discover that banksters lied! And they wondered why 3/4ths of American constituents opposed the plan!”    o o o Reader Currie M. sent us this link: The Baltic Dry Index (BDI) Plummeting. Currie’s comments: “I consider this an accurate representation of economic conditions, in real time. …

Reader MGB recommended this brief but insightful page on outdoor survival: Survival Myths… Debunked    o o o Hawaiian K. sent us a link to a New York Times piece that made my blood boil. It is innocuously titled: So When Will Banks Give Loans? But it would have been better titled: Your Tax Dollars at Work: Expanding a Banking Empire. Read the article carefully. The banksters at JP Morgan Chase plan to spend $25 billion of gifted taxpayer dollars to fund acquisitions of smaller banks.    o o o I just heard that Ready Made Resources now has a …

Searching for an article on how to more quickly and effectively sharpen a chainsaw (mine always seems to be a rock magnet), I found a great article in Backwoods Home magazine: Ambidextrous chainsaw filing. (BTW, be sure to look through their big on-line archive of other free articles.) I also strongly recommend subscribing to Backwoods Home. It is one of our family’s perennial favorites!    o o o The latest harvest from our Economic Editor: Stocks Fall On Belief Global Recession Is At Hand — 25% to 30% of Hedge Funds To Disappear — Crude Oil and Gas Prices Tumble …

Thanks to Mike C. for this article from Forbes: Abandoned Mine Exploration    o o o More Sturm und Drang from Cheryl: Fiscal Cat 5 Hurricane Warning — Asian Markets Drop — Dollar Roars Back As Global Debts Are Called In — UK Recession Fears Sparks Massive Sell-Off Of Sterling — Global Bank Lending Sinks To 30-Year Low — Demand For Gold Soars As Prices Tumble — World Markets On Edge — Credit Suisse Reports 670M Pound Loss — Nikkei Hits 5-1/2-Year Low — Wachovia Has $23.9 Billion 3Q Loss — Credit Crisis A Catastrophe For Auto Sales    o …

From Rick D.: Inflation Creates Run On Argentine Coins    o o o David in Israel, one of our foreign correspondents, and a rabbinical student sent us this comment: “It is interesting that you mention the shmita (the jubilee or yovel in Hebrew is a 49 year cycle where sold property is returned and slaves freed) a seven year cycle where all debts are forgiven, and at the end of the year that we let our fields lie fallow. The day of the 777.68 point Dow drop, the largest point drop in history, hit on the exact day that the …

More news and commentary, courtesy of our Economic Editor: Layoffs Spreading Across Corporate America — Fed Pushes Purchase of Assets To Bust Credit Logjam —AmEx Profits Fall, Cardholders Struggle — No Chinese Bailout for Pakistan, Next Stop: IMF — Kerkorian Dumps 2/3 of Ford Stock — Bush Says Economic Panic Is Easing — Markets Soar As LIBOR Starts To Fall — Bernanke Wants Second Stimulus Package — Iceland Agrees To $6 Billion Deal With IMF — France To Inject $6.5 Billion Into Top Six Banks — The view from a French think tank: Summer 2009: The US Gov’t Defaults On …

Eric mentioned this article: Windowsill herb growing    o o o Susan Z. flagged this one: ECB council member foresees ‘tri-polar’ currency system    o o o From our Economic Editor: Dow Up 413 On Signs Of Recovering Credit Market — Momentum Builds For New Package To Boost The Economy — Merrill Lynch To Cut Thousands Of Jobs — Bush Advisor Says “Parts of U.S.” Are In Recession —Turmoil May Make Americans Savers, Worsening ‘Nasty’ Recession — Options Pointing To $50 Per Barrel Oil — Banks Braced For Lehman Bros. Insurer’s Deadline — US Highly Inflationary Monetary Growth Will Lead …