Eric found this: Fed Issues Gloomy Economic Forecast. The article begins: “The Federal Reserve on Wednesday lowered its projection for economic growth this year, citing damage from the double blows of a housing slump and credit crunch. It said it also expects higher unemployment and inflation. “
o o o
RBS sent us this from a Tampa, Florida newspaper: In home foreclosure, if it’s not nailed down …
o o o
I couldn’t help but notice the New York market’s closing spot prices for platinum ($2,169 per ounce), gold ($944.60 per ounce) and silver ($18 per ounce). This is still not anywhere near the top. My advice remains: dump your stocks during the rallies, and buy gold and silver on the dips.
o o o
You might have heard an item in the news about a magnitude 6 earthquake in northeastern Nevada. Its epicenter was near Wells, Nevada. The quake was felt as far away as Boise, Idaho and Salt lake City, Utah. I have mentioned the Wells area before, when I was discussing geothermal home heating. Unfortunately, one of the drawbacks of geothermal heating is that regions where geothermal heat is available generally also coincide with earthquake risk. Living there, you have to take the bad with the good–and forget about masonry construction!