KINTSUGI is the Japanese art of mending broken pottery with gold. It renders the mended pottery worth more than it was worth before it broke. Be gold for the broken ones.
And remember several months ago a very important soviet-era railway tunnel back in the Lake Baikal area was disabled by a bombing, which the Ukrainian secret service took credit for. There have also been continuing reports of failures along the original Tsarist-era portions of the Trans-Siberian Railway simply due to age and inadequate maintenance. ---Alan
That link was me ~Susan~. This is the primary danger of Trumplandia. The vicious hate comes out and marches around in public and endangers anyone they can't suppress.
The book "Patriotic Treason" gives some insight into the newspapers of the pre-Civil War era; they were then a new method of communication, and they were chock full of propaganda. -----Alan
Thinking of hard times, the primary employer in the town where I grew up was a big lumber mill, that paid workers once a month. My father, who worked as a grocery clerk, told of seeing the workers counting their coins as payday approached to see what they could purchase. Houses were much smaller and poorer in those days, although I only recall one boarding house (on Main Street, so it was obvious). In today's dollars, gasoline cost the equivalent of probably ten or twelve dollars a gallon. And times were very good compared to the Depression, and for that matter the "Roaring Twenties." "Roaring Twenties" in a pig's eye. ----Alan
As Listener said upthread, I wasn't expecting this so soon. I have a modest stock portfolio. By the time it occurred to me that it would be wise to start selling stock before Trump crashed the economy and with it the market, the market had already begun to crash. I should have seen that coming. *sigh*
My bond broker hasn't said anything to me, so I suspect we have sufficiently good quality and well-managed investments to ride it out. Our house and car are paid off. Warren Buffett has been moving from stocks into cash for a while now, and some people are following suit; but when I think of Buffett I remember how he invested heavily in Russian corporations after the fall of the Soviet Union and took a bath. The interest rates for ten- and two-year T-bills has been inverted for a while now, and that regularly presages a recession. ----Alan
P.S.: When grocery shopping the day before yesterday, we walked by a new, huge, apparently deluxe RAM pickup truck. I expect it sold for at least eighty kilobucks, and maybe over a hundred---- most of it borrowed. I don't know the details, but saw something in the news about Jeep and RAM going out of business. I also saw an article (not verified) that significantly damaged EV's are regularly being totaled by insurance companies because repairs are not readily available, and ruinously expensive. A Hudson Hornet sounds pretty good, but my better half has never driven a car with a standard transmission, and I am old enough that might be dangerous compared to when I was young. Oh, well. Our Camry hybrid is doing fine, and will probably last longer than our ability to drive safely; we don't put many miles on it these days. ----Alan
Somewhere I heard a 75% chance of recession, though I don't remember where. Alas, the ol' steel trap bears a remarkable resemblance to a sieve these days.
Haitian immigrants flee Springfield, Ohio, in droves after Trump election win Guardian: Some are thought to have moved to nearby cities such as Dayton, where they believe they would be less visible to law enforcement. Others who had temporary asylum in Brazil are pondering going back to the South American country, community leaders say. -- nordy
From 6 minutes: Russian railways on the verge of collapse [Click] Perhaps from the lack of replacement roller bearings?
ReplyDelete——Alan
Come to think of it, I heard the other day that saboteurs have been attacking the control and communications boxes along the railways.
Delete----Alan
And remember several months ago a very important soviet-era railway tunnel back in the Lake Baikal area was disabled by a bombing, which the Ukrainian secret service took credit for. There have also been continuing reports of failures along the original Tsarist-era portions of the Trans-Siberian Railway simply due to age and inadequate maintenance.
Delete---Alan
https://www.yahoo.com/news/masked-group-marches-ohio-neighborhood-004600236.html
ReplyDeleteThat link was me ~Susan~. This is the primary danger of Trumplandia. The vicious hate comes out and marches around in public and endangers anyone they can't suppress.
ReplyDeleteThe book "Patriotic Treason" gives some insight into the newspapers of the pre-Civil War era; they were then a new method of communication, and they were chock full of propaganda.
Delete-----Alan
{listener}
DeleteEgads! ðŸ˜
I was expecting this.
Only I didn’t expect it so soon.
Thinking of hard times, the primary employer in the town where I grew up was a big lumber mill, that paid workers once a month. My father, who worked as a grocery clerk, told of seeing the workers counting their coins as payday approached to see what they could purchase. Houses were much smaller and poorer in those days, although I only recall one boarding house (on Main Street, so it was obvious). In today's dollars, gasoline cost the equivalent of probably ten or twelve dollars a gallon. And times were very good compared to the Depression, and for that matter the "Roaring Twenties." "Roaring Twenties" in a pig's eye.
ReplyDelete----Alan
Meidas Touch video:
ReplyDeleteTrump Sends Market Into Panic With His Disaster Week [Click]
—Alan
As Listener said upthread, I wasn't expecting this so soon. I have a modest stock portfolio. By the time it occurred to me that it would be wise to start selling stock before Trump crashed the economy and with it the market, the market had already begun to crash. I should have seen that coming. *sigh*
DeleteMy bond broker hasn't said anything to me, so I suspect we have sufficiently good quality and well-managed investments to ride it out. Our house and car are paid off. Warren Buffett has been moving from stocks into cash for a while now, and some people are following suit; but when I think of Buffett I remember how he invested heavily in Russian corporations after the fall of the Soviet Union and took a bath. The interest rates for ten- and two-year T-bills has been inverted for a while now, and that regularly presages a recession.
Delete----Alan
P.S.: When grocery shopping the day before yesterday, we walked by a new, huge, apparently deluxe RAM pickup truck. I expect it sold for at least eighty kilobucks, and maybe over a hundred---- most of it borrowed. I don't know the details, but saw something in the news about Jeep and RAM going out of business. I also saw an article (not verified) that significantly damaged EV's are regularly being totaled by insurance companies because repairs are not readily available, and ruinously expensive. A Hudson Hornet sounds pretty good, but my better half has never driven a car with a standard transmission, and I am old enough that might be dangerous compared to when I was young. Oh, well. Our Camry hybrid is doing fine, and will probably last longer than our ability to drive safely; we don't put many miles on it these days.
----Alan
Is the US about to go into an economic recession? The bond yield chart that's predicted every recession since 1976, is saying yes. But first, let's go through some of the bizarre stock market crash indicators that have worked in the past.
Delete——Alan
Somewhere I heard a 75% chance of recession, though I don't remember where. Alas, the ol' steel trap bears a remarkable resemblance to a sieve these days.
DeleteI saw that on YouTube.
Delete----Alan
Try this link, Cat [Click]
Delete—Alan (Whose mind often seems like a steel sieve these days)
Haitian immigrants flee Springfield, Ohio, in droves after Trump election win
ReplyDeleteGuardian: Some are thought to have moved to nearby cities such as Dayton, where they believe they would be less visible to law enforcement. Others who had temporary asylum in Brazil are pondering going back to the South American country, community leaders say. -- nordy
Video: The Real Cause of Every Financial Crisis [Click] Betting on bubbles continuing to grow.
ReplyDelete——Alan