Thought I'd share a few tidbits of news that have some significance for me. A lot for a single post - but I think it points towards a much more troubling future, though hopefully I'm wrong.
First, the Vatican has divorced itself from Italian law. I think the writing was on the wall but it's interesting under-the-radar news nonetheless.
Next, Global Warming may or may not be true - but the trend is teetering towards a cooling period. Sunspots are at a historic low and point towards a period of cool weather. This is bad news for crop growers, energy & heating costs, and local governments.
I don't have a news story for this one, but it's been well circulated that Venezuela needs a rather hefty price per barrel ($42 IIRC) and all signs are pointing towards a meltdown there. In fact the lunacy of energy prices forebodes a troubling situation economically the world over. Don't call it deflation yet - but if it starts quacking like a duck who knows where this is going?
Lastly the insanity of mortgage re-pricing is reaching lunacy as well. Perhaps the moon really does drive people crazy - being at an all time peak in size this last month. Casey Mulligan posts the news that if you want to save money on your mortgage - simply WORK LESS!!
So in other words, buy a good coat, work less, and buy the '69 TBird you've always wanted. You'll make out better than us schlubs apparently.
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