Poor Man Survival
Self Reliance tools for
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2161-5543
A Digest of Urban
Survival Resources
>The obvious failure of our confirmation process should be apparent
to everyone. The Democrats turned
this into a dog & pony show where Ford was dragged into a public scene
despite her request to be kept anonymous thanks to leaks by Sen. Feinstein’s
crew [who should be, in my opinion, be censured for this crude crap] and
Kavanaugh was deemed guilty by protestors & pundits without a trial I have
been a long critic of the process, but the Kavanaugh confirmation process has
magnified these flaws to a grotesque degree.
Notably, Kavanaugh now has been given the SNL treatment with a
performance by Matt Damon that is that type of comical
portrayal that hits hard in public controversy.
>According to
the latest estimates released
by Edmunds, new vehicle sales for September are expected to collapse both on a monthly basis
and year-over-year basis. The company predicted that 1,392,434 new
cars and trucks will be sold in the U.S. in September, which makes for a
estimated seasonally adjusted annual rate (SAAR) of 17 million. This will be a 5.4% decrease from last month and an
8.3% drop from September of last year.
>Pending home sales plunged in
August, dropping 1.8%
MoM (almost four times worse than expected) to its lowest since Oct 2014 (and fell
2.5% YoY) – the fourth month of annual declines
in a row…
And
it isn’t just one part of the nation that is experiencing a downturn.
According to Bloomberg, all four major
regions of the country showed
a decline…
As
Bloomberg As Bloomberg notes, the decline, which was broad-based across all
four regions, shows
that higher mortgage rates, rising prices and a shortage of affordable homes
continue to squeeze buyers. Existing-home sales in August matched
the lowest in more than two years, while revisions to new-home sales showed
a slower market than thought, according to
previously released figures.
10 Unexpected Things The World Is Running Out Of (Thomas
R.)
Kiss your party balloons goodbye; helium is on its way out. This
is a very unfortunate thing because it is used so for much more than the stuff
of fifth grade memories. This nonrenewable resource is also used to cool down
superconducting magnets in MRI machines as well as for leak detection in
testing containers subjected to high pressure. Many scientists use it to
achieve the lowest temperatures of any cryogen to enable them in order to view
quantum mechanical phenomena cleanly.
How the Next Downturn Will Surprise Us (blackeagle)
Central bankers and other regulators have largely succeeded in
containing the practice that caused disaster in 2008: risky mortgage lending by
big banks. But with so much easy money sloshing around in global markets, new
threats were bound to emerge — in places the regulators aren’t watching as
closely.
According to the new report, titled New Strategies For Smart
Integrated Decentralised Energy Systems, by 2050 almost half of all EU
households will produce renewable energy. Of these, more than a third will
participate in a local energy community. In this context, the microgrid
opportunity could be a game changer.
Illinois was the third-worst state in debt per taxpayer at
$50,800. That’s $400 more than the previous year’s report. Only Connecticut, at
$53,400 debt per taxpayer, and New Jersey with $61,400 debt per taxpayer, were
worse than Illinois.
Americans are borrowing more than ever, with mortgage balances
growing at a rate that Lending Tree warns is in line with pre-housing bubble
levels. The ratio of personal savings to disposable personal income is falling,
from 7.4 percent in February to 6.7 percent in June. Auto lending, widely
feared to be the next subprime lending crisis, has climbed steadily since the
Great Recession ended, and consumers are taking longer to repay those loans.
Total household debt hit a record $13.3 trillion in the second quarter,
according to the Federal Reserve Bank of New York. In fact, this marks the
sixteenth consecutive quarter household debt rose, breaking the previous record
of $12.68 trillion. The old record, coincidentally, was reached exactly 10
years ago, during that decidedly unpleasant third quarter of 2008.
The bad news doesn’t end there. This week’s report by the Social
Security trustees—the head trustee is Treasury Secretary Steven Mnuchin—had
even tighter time frames for other pieces of the social safety net. It said
that Medicare’s hospital insurance fund will be depleted in 2026, three years
earlier than it forecast a year ago. That means come 2026, unless changes are
made, the program will only be able to pay about 91% of costs.
The charity analyzed cancer incidence data between 1979 and 2014
to make the projections and used the results as a further call for national
campaigns and legislation to reduce the prevalence of obesity by following the
blueprint used for smoking campaigns.
[We wrote about this a few issues
back…obesity now rivals smoking is America’s biggest health challenge].
$100 Oil Is A Distinct Possibility (Higher
pump prices coming soon)
That means that there isn’t the same upward pressure on WTI as
there is on Brent, largely because infrastructure bottlenecks in the shale
patch keep supplies somewhat stuck within the United States. And it isn’t just
in West Texas where the constraints are causing problems. “[B]ottlenecks in the
Permian basin could well extend to other areas such as the Bakken or the
Niobrara, and we do not even rule out temporary export capacity constraints in
the Gulf Coast as domestic output overwhelms logistics,” BofAML said in a note.
The number of overall gun deaths in 2015—accidental, homicides,
and suicides—was approximately 36,000, two-thirds of which were suicides. So
250,000 malpractice deaths is nearly seven times higher than gun deaths, even
when counting intentional gun deaths.
Markets
collapse when they can no longer feed on the public. Governments collapse when
they can no longer feed on the public.
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3 comments:
Lots of good points to ponder especially about what the Dems to create a national three ring circus with Ford & Kavanaugh-a national embarrassment bringing out the worst of the Left wingers tarnishing the process forever I fear and creating guilty until proven innocent, circus like atmosphere which is utterly wrong...how ironic from the party which is famous for its KKK and carpet bagger beginnings.
I see in the above that IL is once again ranked as the most debt ridden state along with other Democrat run states = no surprise there. Cities like Detroit were run into the ground by Dems for 50 years and other states such CA have been so over-taxed that many have fled to other states to get away from its high tax, high real estate and over regulated policies all associated with its socialistic and sanctuary policies...a haven for the lunatic left who rely on illegals for cheap labor and their drug supply.
The Dems have gone into overdrive with their unsubstantiated smear drive against Kavanaugh & it is sickening. The collusion of NBC [interviewing a "3rd accuser" who was dismissed out of hand by the FBI as having no credibility means that network has sunk to a new low of tabloid TV by giving a platform to the witch hunt...] This has become a disgusting piece of crap foisted on America by left wing parasites.
And by the way, great insights and resources!
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