Jim’s Quote of the Day:

Burnett: I was told that it might be possible to rent your boat–we need to get up river. Rambo: Where? Burnett: Into Burma. Rambo: Burma is a war zone. Burnett: Up the Salween river is our best alternative. Rambo: I can’t help you out. Burnett: Please, it will help change people’s lives. Rambo: Are you bringing in any weapons? Burnett: Of course not. Rambo: You’re not changin’ anything. – from the trailer to John Rambo, 2008




Jim’s Quote of the Day:

“There’s something cool about the thought of being totally off the power grid. It’s a psychological thing. I could rationalize being off the grid by saying it would come in handy if the rest of the world runs out of energy. But realistically, the big worry in that case wouldn’t be powering my iPod so much as not getting eaten by cannibals.” – Cartoonist Scott Adams.
















Jim’s Quote of the Day:

“The wheels have come off. Structured finance, which has been the key to this credit bubble, has broken down. We believe that confidence in structures, ratings, collateral, issuers, counterparties, et cetera, has all been lost. Therefore we are in a very precarious position. Credit has driven the economy and has driven markets. Credit has to grow year-over-year in this credit bubble environment in order for the economy to grow. With structured finance having broken down, in our opinion, there is no way that credit will grow year-over-year any longer.” – David Tice of the Prudent Bear Fund, as quoted by …



















Jim’s Quote of the Day:

“The hardest part about gaining any new idea is sweeping out the false idea occupying that niche. As long as that niche is occupied, evidence and proof and logical demonstration get nowhere. But once the niche is emptied of the wrong idea that has been filling it — once you can honestly say, “I don’t know”, then it becomes possible to get at the truth.” – Robert A. Heinlein, The Cat Who Walks Through Walls (1985)