Still here...trying HARD to find the "good stuff" I have in my life currently otherwise I'd be sucked into that vortex of resentment and anger as
well I fear...Not dipping into the markets personally on any level currently although of course,I am keeping up.
A few personal observations of the past few days: schools here are rural but OVERUN with absolute scum (sorry,I know some kids don't have choices but
you CAN choose not to do drugs and shoot at people,right?) ie,the overflow from San Antonio,where they get kicked out and they then move out here to
re-enroll...we are paying the escalating taxes and the teachers are overwhelmed."Babysitters" are being paid to sit with these lil' gang-bangers
and such.Pregancy rate in over the top and growing with no relief in sight as their "religion" adds to the mix.Consequently,the local kids are
struggling for a quality of education and frustration is rampant.
Shopping this week: I HATE to shop however I insist on a few things of quality to insure I am ready to address events in my life.Stores have VERY
little in terms of stock,almost NO ONE working,and honestly,it's a mess...I was in @ 15 stores since Monday (it's "Holy Week" in Mexico and
traditionally they travel to this area in droves to shop as the schools are closed...usually a great time for sales and good buys) and it's the same
whether you are looking high-end or discount.
Crime is rapidly escalating: guy down the road had his truck stolen while at an event in Austin where the rate is soaring due to MANY transients and
homeless,the city makes it "easy for them" to survive there.
Just yesterday I saw a large "pack" of more than likely "illegals" walking down the road to my ranch...carrying bags and backpacks,more than
likely looking for work but what happens when they find none? Many of the local ranchers have cut WAY back on their growing due to cost-averaging and
potential sales of crops.
And...I wake up to news that Wells Fargo has posted huge gains,markets are up,and in that parallel universe,life is rosy.
Some good reading here,too much to post but also some of those "charts" I like:
This so so screwed though,sorry for the language but it's screwed:
Wednesday, April 08, 2009
by CalculatedRisk on 4/08/2009 09:31:00 PM
From Graham Bowley and Michael de la Merced at the NY Times: U.S. Imagines the Bailout as an Investment Tool
[T]he Obama administration is encouraging several large investment companies to create the financial-crisis equivalent of war bonds: bailout funds.
The idea is that these investments ... would give ordinary Americans a chance to profit from the bailouts that are being financed by their tax
But, as with any investment, there are risks. If, as some analysts suspect, the banks’ assets are worth even less than believed, the funds’
investors could suffer significant losses. Nonetheless, the administration and executives in the financial industry are pushing to establish the
investment funds, in part to counter swelling hostility against the financial industry.
The new funds are still under discussion, and they are unlikely to be established for several months, if indeed the plans go through at all.
I assume PIMCO, BlackRock and others will charge minimal or no fees for individual investors.
You, too, can help bailout Citigroup and BofA! (in addition to your taxes)
[edit on 9-4-2009 by irishchic]