Posted on 05/31/2011 9:50:10 PM PDT by Kartographer
The following is just a sampling of the financial warnings that we have seen in recent days from some prominent voices....
*Economist Nouriel Roubini: "I think right now we're on the tipping point of a market correction. Data from the U.S., from Europe, from Japan, from China are suggesting an economic slowdown."
*Jim Rogers: "I would expect to see some serious problems in the foreseeable future .By 2011, 2012, 2013, 2013, I don't know when, we're going to have an economic slowdown again."
*Mark Mobius, the executive chairman of Templeton Asset Management's emerging markets group: "There is definitely going to be another financial crisis around the corner because we haven't solved any of the things that caused the previous crisis."
*David M. Blitzer, Chairman of the Index Committee at S&P Indices: "Home prices continue on their downward spiral with no relief in sight."
*Jeffrey Gundlach, CEO of DoubleLine Capital: "I think we're looking at some type of echo in the credit crisis coming up here. That's what I'm afraid of."
*Carl Icahn: "I do think that there could be another major problem. Now, will it happen next week, next year, i don't know and certainly nobody knows, but i don't think that the system is working properly. I really find it amazing that we're almost back to where it was, where there's so much leverage going on in the investment banks today. There's just way too much leverage and way too much risk-taking, with other people's money."
(Excerpt) Read more at benzinga.com ...
Hub likes the tall loggers boots because when he wears the shorter boots sawdust and dirt gets inside and his socks get filthy plus it’s not comfortable with all that stuff in there. He doesnt’ like steel toes either, they’re cold and he feels the cold a lot.
He gets boots and work shoes whenever they’re on sale at places like Ross - sometimes gets good deals. He got a pair of Keane’s (or is it Keene’s?) hiking boots, just above the ankle I think, and they’re extremely comfortable, but hiking boots never hold up that well for the kind of work he does. He agrees that boots of any kind made now fall apart really fast. He does like some kinds of Doc Martins.
We’re too old with too much else to do to really learn shoe making unless we could just make a few for ourselves, it sounds as though the equipment needed is beyond the means of anyone who isn’t going to go into the trade. People should think of it, though.
Ditto on too old and too much investment.
But, we both like to work with our hands and it is looking as though we will be in the sort of world where we will be trading skills in more of a series of local economies. No one in my rural area even repairs shoes, any more. I think people will begin to look for niches where they are.
I have no need...but quickly searched and found this:
http://www.threadsmagazine.com/item/3729/the-bra-dilemma-solved
Fixing and making things from parts will IMO be very useful ways to earn bits of cash. Or heck, barter.
I’ll take a look, thanks.
No problem, good luck!
Oh, then we are set! Nothing is ever thrown away, everything gets cannibalized for use somewhere else and we have quarter-of-a-century old useful things we use every day! We have a collection of obsolete parts to keep our obsolete tools and appliances and toys running.
I am also totally serious when I say that JB Kwik Weld, Gorilla Tape, silicon fusion tape and WD-40 are among our most important storage items.
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