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Monthly Archives: January 2009

It’s simple: Sell Paper; Buy Gold


When Iceland went bankrupt in A.D. 2008, the news seemed “odd”. Although, technically, Iceland was a western “nation,” it was such a small “nation” that it was hardly a “nation” at all. Compared to the U.S., Iceland was more like a county, a municipality or a village than a “nation”. Therefore, while Iceland’s bankruptcy was “curious,” it couldn’t have any implications for the mighty U.S., right?

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Posted by on January 31, 2009 in Economy, Gold & Silver Coin, Money

 

Fox vs. Jacksonville PD


The following email was written by Mark Coker on January 1st, A.D. 2009 for the purpose of describing the plight of Robert Fox—a man who’s been arrested multiple times, compelled to post bail multiple times, at Jacksonville, Texas—for “crimes” that include possession of a controlled substance and possession of dangerous drugs. These dangerous drugs were antibiotics that were left in a vacant dentist’s office in a building where Robert was living and functioning as a caretaker. The dentist owned the building (which covered most of a city block) and is currently in prison for violating a parole agreement after he was convicted of income tax violations.

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Posted by on January 30, 2009 in Police Abuse

 

Is the Honeymoon Already Over?


The January 8th New York Times reported in “Senate Allies Fault Obama on Stimulus,” that:

“President-elect Obama’s economic recovery plan ran into crossfire from his own party in Congress . . . . Senate Democrats complained that major components of his plan were not bold enough and urged more focus on creating jobs and rebuilding the nation’s energy infrastructure rather than cutting taxes.”

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Posted by on January 13, 2009 in National Politics

 

Are the Rats Already Swimming for Shore?


NYTimes.com, January 9, 2009, “No Instruction Manual as Stimulus Bill Takes Shape”:

“WASHINGTON — The fresh evidence of the economy’s downward spiral focused even more attention on two questions: Is the stimulus package being pushed by President-elect Obama big enough? And will the component parts being assembled by Congress provide the most bang for the buck?

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Posted by on January 13, 2009 in Economy

 

The Next Wave?


In “As Vacant Office Space Grows, So Does Lenders’ Crisis,” the January 4th NYTimes reported:

“Vacancy rates in office buildings exceed 10 percent in virtually every major city in the country and are rising rapidly, a sign of economic distress that could lead to yet another wave of problems for troubled lenders. . . . With job cuts rampant and businesses retrenching, more empty space is expected from New York to Chicago to Los Angeles in the coming year. Rental income would then decline and property values would slide further. . . .

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Posted by on January 13, 2009 in Economy

 

Baltic Dry Index


Starting in a London coffee house about A.D. 1744, the Baltic Dry Index (BDI) has since measured of the price of moving major raw materials (such as coal, iron ore and grain) by sea. Today, that measurement is made daily and almost minute-by-minute.

The demand for shipping varies with the amount of cargo that is being traded or moved in various markets. Thus, the BDI indirectly measures global supply and demand for dry bulk commodities shipped internationally. Because dry bulk primarily consists of materials that function as raw materials in the production of intermediate and finished goods (such as concrete, steel, food, etc.) the BDI is an efficient “leading economic indicator” of future economic growth and production for the global economy.

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Posted by on January 13, 2009 in Economy

 

Comparative Investments


The average American who invested in the stock market on January 2nd, A.D. 2008, lost 38% of his investment by December 31st, A.D. 2008. In other words, if you’d invested $10,000 in stocks at the beginning of A.D. 2008, by the end, your investment would be worth only $6,200.

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Posted by on January 13, 2009 in Gold & Silver Coin