patrick.net

Stock market isn't taking this too well.

The official unemployment rate is a joke.

Anyone ready to buy a $1.2m dump in this economy? If you have that amount of cash don't give it away. Buy Swiss francs and Gold. Wood and dirt is great for pets, does very little for people out of work. Down we go...

Is this really Mish?

Yes, it really is. I invited him to post here and he did it personally.

Been reading Mish as well for quite a while, 2005 I believe.

Great info + entertaining to read, which helps quite a bit when the truth points to a "simpler" time ahead.

Stock market isn't taking this too well.

Housing market isn't going to take this well too.

Who knows. Once upon a time, China and India were very rich countries. America was founded because Christopher Columbus set out to find an easier route to the riches of India. They fell and fell and India ended up being ruled by the British and China was pretty much treated as a vassal state. Now they seem to be regaining their footing-though both stumbling a bit recently. Indians seemed to be horrified that their growth has slowed down to 5.9% -lol !! Chinese real estate seems to be declining and their manufacturing slowing down.

Both our parties are useless and have no solutions-except more free trade and more globalization. lets see where this leads. Of course, if another dotcom type craze sweeps us-this may be moot!!