Yes We Did! Now it's a big Job

Obama is President elect ...market down 900 since that news.




Bank of England Cuts 1.5 basis points



Trichet cuts .5 and says more cuts are coming.

VIX JUMPS 17 points to 66!!!

Japanese and German auto makers report problems.
US auto makers seek government help.




Retail sector weak.

This all points to more easing. I want to look up what happened in Japan in the 1980's. I think they took their interest rate to zero...we don't have much lower to go.

Record Opium Harvest in

Afghanistan

...all that dope has to go somewhere.

There's a tropical storm headed towards Cuba.


SOHO (Chinese Real Estate Firm) Buying into the crash here. They're looking to start acquiring property. They have actual cash that they're going to put to work.

At least the people who have cash aren't as scared as all us broke folks. It means better days are ahead. They could just as easily sit on the sideline and watch us choke if they thought there was a whole lot more crashing to be done.

The Russians and Georgians are deploying missiles and whatnot. I want to look into that.
I need to spend some time thinking about Putin. He has too much influence not to study his motives.



We're about to have very easy money, with some unavoiadable inflation. The inflation shouldn't be too bad, as we're all screwed together. Heroin might be the only thing that gets cheaper in the coming year. If unemployment goes up and cheap narcotics hit the street people could get lazy in a hurry.

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