Our friend Chad suggested this from Bill Fleckenstein: Mortgage bailout just makes it worse. o o o Hawaiian K. suggested an article about the precious metals market, from an Asian perspective. o o o From a recent issue of The Daily Reckoning: o o o E.S. sent us this one: Doctors order millions hit by violent stomach bug to stay at home
Eric S. sent this one: Deadbeat America: Late Payments Soar. It is not reassuring to see that late payment rates are spiking in relatively “good times” with an employment rate that is just starting to falter. Obviously American consumers have collectively gone deep into debt. In the next recession we will undoubtedly see unprecedented delinquency and default rates, followed soon after by a spike in personal bankruptcies. Oh, but wait a minute, US bankruptcy laws have become less lenient. o o o And Eric also forwarded us this: Americans Sold Out to Foreign Firms at Record Rate o …
Perennial contributor Eric S. sent us this: Saxo Bank’s ‘outrageous predictions’ are grim. (They are predicting a 25% drop in the S&P and as much as a 40% drop in China’s stock market.) o o o Don’t miss the new SurvivalRealty.com listing in North Carolina with gravity-fed spring water. o o o On a recent road trip over the holidays, we noticed that the graffiti blight in America’s urban areas seems to be getting worse. Living out in the hinterboonies as we do, the only significant graffiti that we see is the mobile sort that comes to us–painted …
Commander Zero recommended this web site: How to build a super top secret bunker under your house. o o o Frequent contributor Rourke tells us that there is plenty of buzz about the upcoming disaster film “Cloverfield.” about “a monster the size of a skyscraper.” It was shot in a way to make it look like it is an amateur hand-held video, stylistically similar to “The Blair Witch Project”–but obviously with a much bigger budget! The debut for “Cloverfield” is set for January 18th. o o o Frequent link contributor Eric S. sent us this: Sudan’s Central Bank …
From The Guardian in England: From the sub-prime to the ridiculous: how $100 billion vanished o o o This one has been at my Links page for many moons, but is worth mentioning again: The Seismic Monitor o o o Reader Bill N. mentioned that there is an instructional ice rescue video on the Discovery Channel-Canada’s web site. Bill N. notes: “To anyone who might be around lakes or rivers that are frozen over, you should check out this video on how to save yourself if you fall through the ice.” o o o Eric S. flagged …
Gold edges up towards record highs on Pakistan unrest, low dollar o o o SJC sent this piece from Jim Jubak: Don’t count on a ‘normal’ recession o o o The humorous and informative Dr. Housing Bubble blog outgrew its Blogspot hosting site, so the editors got serious and bought their own domain and hosting: www.DoctorHousingBubble.com. Be sure to update your bookmarks. o o o Speaking of Dr. Housing Bubble, don’t miss their recent article on California house prices: 10 Homes throughout the Golden Bubble State.
Reader Ben. L. tells us that the US Transportation Security Agency (TSA, a.k.a.”Thousands Standing Around”) has banned most lithium batteries from passenger plane checked luggage. This includes certain laptop and pro camera batteries, and those ubiquitous “123” batteries used in Surefire flashlights. The new rule reads in part: “Effective January 1, 2008, spare lithium batteries – extra batteries not installed on devices – will no longer be allowed in checked baggage. Spare lithium batteries may be packed in carry-on baggage and lithium batteries installed in a device may be packed in either checked or carry-on, as long as the battery …
Stephen in Iraq flagged this: Home Sales Plunge, Feed Recession Fears o o o Reader Nick B. says that he has started experimenting with sprouting, starting with alfalfa. He is looking for tips on how to drain them when they are still in seed stage. He has been trying coffee filters, but the filters seem to clog quickly. I’ve always used paper towels, but perhaps there is a SurvivalBlog reader with a better idea. Any tips? o o o Thanks to SJC for this: Gold rises after Bhutto death, platinum hits record o o o And RBS …
MWR mentioned than investment counselor Jim Willie posted another interesting piece at the Financial Sense University web site: Exit 2007: Denials and Tontaria o o o RBS found us this one: Credit Downturn Hits the Malls o o o And here is another courtesy of RBS: Police in Metro Vancouver [British Columbia] Seeing New Gang Fashion – Armored Vehicles o o o Reader Bob B. noted the new RWVA match and shooting clinic schedule for 2008 is now up on the RWVA web site. Click on “Appleseed” to the left in the task bar to learn more …
Robert B. mentioned that Internet old-timer Clayton Cramer posted this to his blog: Wow! $1/Watt Solar Panels! (FWIW, I can a remember reading Clayton Cramer Usenet posts back around 1989. That was back before the days of web browsers, when we would log in to the text-only Usenet.) o o o “Hawgtax” sent us this one from Derry Brownfield’s site: New swine flu virus has genes from avian flu o o o Cathy Buckle mentioned in a recent African Tears post: “Air Zimbabwe announced that one return air fare from Harare to London had increased to $804 million …
One of my predictions (from 2005) comes true, in an article forwarded to us by Eric S.: Americans ‘walk’ from loans. My favorite quote from the article: “Lewis’ comments came as a new expression – “jingle mail” – referring to the growing trend where Americans mail the keys to their homes to the lenders before vacating, entered the US lexicon.” o o o It appears that silver and gold are resuming their bull market advances, with spot gold spiking above $820 per ounce and silver running up past $14.60 per ounce. Congrats to those of you that took my …
Delinquencies are soaring: Unpaid credit cards bedevil Americans. (A hat tip to Craig S. for sending us this.) o o o An Ambrose Evans-Pritchard article was mentioned the at CometGold Forum (at Contrary Investors Cafe) and by nearly a dozen SurvivalBlog readers: Crisis may make 1929 look a ‘walk in the park’. Here is a key quote: “Liquidity doesn’t do anything in this situation,” says Anna Schwartz, the doyenne of US monetarism and life-time student (with Milton Friedman) of the Great Depression. “It cannot deal with the underlying fear that lots of firms are going bankrupt. The banks and …
Six readers sent us this article about dispossessed Southern Californians: Tent city in suburbs is cost of home crisis o o o A Rawles family member sent us a link to a web site has all kinds of information on primitive technology o o o From our friend Michael Panzner, over at the Financial Armageddon blog, comes a chart that tells a thousand words: A Mind-Boggling Data Series o o o You’ve all seen what has happened to food prices in the past year.Keep in mind that most food storage vendors (including some of our advertisers) are …
MQC sent us this: Standard & Poor’s Downgrades ACA Capital to Junk Status. MQC notes: “S&P cut ACA’s rating to ‘CCC,’ or eight levels below investment grade, from ‘A,’ the sixth-highest investment-grade rating. It also said it may cut Financial Guaranty Insurance Co’s ‘AAA’ rating.” Here is a sobering snippet: “The entire US economy is $14 trillion or so in contrast to $42.6 trillion in credit default swaps. The entire derivatives trade is now a record $681 trillion.” o o o Ready Made Resources just added a new photovoltaic (PV) power product to their line. For those of us …
SF in Hawaii sent this: World food stocks dwindling rapidly, UN warns. Here I must mention that I have hope that American agriculture can come to the rescue. Since they are still free-market driven, American farmers can react rapidly to changing markets. They see the price of corn soaring, so they plant more corn. I wouldn’t be surprised to see hundreds of thousands of fallowed acres taken out of the CRP and put back to productive use within the next couple of years. In real terms, the price of crops actually fell from 1975 to 2005. Since then, they have …