Minutiae
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"Chuck Norris doesn't read books; he stares them down until he gets the information he wants out of them."
- ChuckNorrisFactsdotcom

Thursday, September 08, 2005
So Saddam stole enough money from the
oil for food program to have upgraded the New Orleans levees. Just a little context. Oh and the folks who were so obstinate about doing anything about Iraq? They were on the payroll. Remember this is only the surface, this is just what can be substantiated now. Imagine what will come out in the coming years. Kinda puts the lie and the shame to the people calling for working through the UN and with the international community.

posted by Rachel 9/08/2005
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A surprisingly
apt speech delivered to the House way back when by none other than Davy Crockett.

posted by Rachel 9/08/2005
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Lileks gets his
top 10 rant on.

posted by Rachel 9/08/2005
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I bet $5 that the fed raises rates. I'll bet another $5 that Katrina and a quarter point increase will be blamed for the recession. I'll tell you now, neither are the actual cause of the difficulties we're about to go through. (Though the biggest natural disaster in US history wasn't factored into my expectations for
another depression. Whee. It might exacerbate or delay the pop for a few months by obscuring the cause of the slowdown, too soon to tell.) Google Kondratieff wave and Elliot wave.

We've been experiencing hellacious inflation for the past few years but it's been confined to the housing sector so people have called it growth. Now, either that market can drop significantly or the price of everything else can catch up. Worst case, housing prices drop while the price of everything else goes up. What will $4/gallon gas do to property values in the suburbs full of ARMs and SUVs? The Twin Cities are on that list of most inflated markets.

The cost of fuel has doubled over the past year or so. Heating oil is up 70%. Natural gas has increased 143% from last year. You haven't really felt it yet because businesses haven't wanted to raise prices and thought that this was a temporary condition. Now with Katrina, everything that's shipped by truck is going to go up. There just isn't any cushion left until production and refining catch up. And everything is shipped by truck. But the economy was slowing before Katrina. Blaming 2 recent events will not help anyone react appropriately to this crisis.

Consider this, then consider the source. BAD times are coming. Cassandra is about ready to retire the bullhorn here folks and go back to posting about the cats. It's too tiring trying to find supporting references and I suspect that most of you have written me off as an 'end is near' alarmist crank. The end is not near. (Though things are looking disturbingly biblical.) But there are hard times ahead. I was warning people about the ease of nuclear proliferation post-USSR and the juiciness of the MOA as a terrorist target at least as far back as '97. I wanted and bitched about the unavailability of smallpox vaccine in high school. If any of you high school friends are reading, I'm sure you remember. Listen to Rachel.

My grandparents lived through the 1918 flu, WWI, the depression, and then they beat Hitler. Looks like our generation is at bat for interesting times. I hope we measure up.

posted by Rachel 9/08/2005
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