Last night I heard my daughter saying her prayers. “Dear God, please send clothes for all those poor ladies in Daddy’s computer. Amen.”

One trader said, “Mortgages are getting banged like a screen door in a hurricane.” I assume that he was talking about mortgages and bond prices in general. Anyone who has been in this [...]

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I was driving along the other day with my son and daughter, listening to the radio about yet another company that was laying-off employees. My son said, “The economy is so bad that McDonalds is now selling the ¼ ouncer, and parents in Beverly Hills fired their nannies and learned their children’s names.” Not to [...]

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California To Eliminate All Welfare Programs? – … I don’t wanna get all Mad Max here. But it’s no stretch to say that social unrest is a real possibility at this point.  When social services start to fail, people get angry. And California’s economic situation couldn’t be much worse … – Bearish News.com

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To ‘Fix’ [...]

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US bonds sale faces market resistance – By Ambrose Evans-Pritchard – The US Treasury is facing an ordeal by fire this week as it tries to sell $100bn (£62bn) of bonds to a deeply sceptical market amid growing fears of a sovereign bond crisis in the Anglo-Saxon world. – Telegraph.co.uk————

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Holdings as of March,2009 (Amt. [...]

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