Saturday, January 25, 2014
Still Getting Worse
Yesterday was the second day of escalation around the world. Even as things warm up into the balmy 40's here at the Small-Hold I have to wonder if this weekend is going to be enough to cool the fires burning around the world.
Here in the US investors and fund managers are going to be experiencing even more sleepless nights than I did during this latest cold snap as stocks fell again on Friday. More companies, this time Intel was at the forefront, announced more layoffs and job cutting. Other retail outlets are admitting to a dismal holiday season despite continued efforts to proclaim overall sales were up by the usual cheerleaders.
Baltic dry shipping index is down so far they are seeing the underwater hulks of last century's ships resting on the bottom of the ocean and the rumors of default and bank runs in China are proving to be true.
Riots continue in the Ukraine and I been watching the footage and live feeds from there. Those rioters are not playing around. Of course the police squads don't seem to be armed with drones and MRAPS vehicles there either, the rioters actually seem to have the edge in heavy equipment so far. I wonder if that is going to change?
Interesting times my friends.
Keep Prepping Everyone!!!