So, the Dow creeps down toward the 6,000s. How low will it get? Schiff was saying 4,000. Bonner recently guessed 5,000. I have no idea. I’m not directly putting any more money into American stocks, though. I’m going to try to save up some cash for a dip in gold. Here’s my thinking: Everyone is [...]
Archive for February, 2009
This might be a 2009 first: Drinking while writing BYCU. I used to do it regularly. Truth revealed: in the early days, BYCU was normally written after a few hours at the drinking club or, at a minimum, a few hours of front porch drinking. After I felt sufficiently steeled, I’d lumber downstairs with my [...]
Have we really entered the Post-Christian Age . . . or do few Christians recognize Ash Wednesday that, for all practical purposes, it doesn’t exist anymore, except as a weird-looking symbol on some people’s foreheads? I have five children that are old enough to participate in organized activities. Four of them had practices scheduled last [...]
When you fast, do not put on gloomy faces, like the hypocrites do. “Today God asks us also for a rather special mortification which we offer up cheerfully . . .” (Francis Fernandez). Those are hard words, knowing I’ll be cringing by 8:45 a.m. with hunger stabs. I’ll try to keep them in mind. May [...]
I listened to a fascinating podcast at Lew Rockwell yesterday: Russ Baker on The Looting Bush Family. Baker has written a polemic against the Bushes. The book’s basic premise: the Bush family has been exercising undue influence behind the scenes of government since the early 1960s. What I found particularly fascinating: arguments that Prescott Bush [...]
“A brave man is also patient.” Thomas Aquinas. Those two chairs—bravery and patience—don’t go together in most people’s intellectual living room, but if you consider them for a few minutes, you see they match. What prompts impatience? The fear of loss: loss of time, loss of opportunity. And fear, of course, is the hallmark of [...]
“Three things are necessary for the salvation of man: to know what he ought to believe, to know what he ought to desire, and to know what he ought to do.” St. Thomas Aquinas
Madoff and Stanford, says The Economist, “suggest this will be a fraud-infested downturn.” I’d suggest that this is going to be a monster-infested downturn. Check out this excerpt: Depositors also besieged Stanford’s smaller, onshore Bank of Antigua, as well as operations in Venezuela and Panama. A big chunk of the client base is Latin American—reportedly, [...]
In honor of the mother of the octuplets, Denny’s is offering a new breakfast meal called the Octo-Slam. You get fourteen eggs, no sausage, and the guy next to you has to pay the bill!!
A real lady’s man, there. Men will say just about anything to get a beer. Let’s see, there’s also “I’ll give you a thousand bucks if you get me a beer,” and “I’ll stop making fun of your father’s erotic tendencies if you get me a beer.” But sweet talking is probably the best way. [...]
How Catholic is this blog? I asked myself that question yesterday morning. My wife called me to say that she thought the Sirius Radio appearance on the Catholic Channel went well. We chatted for awhile and then I blurted out, “Dang it! I forgot to plug The Daily Eudemon.” She kind of startled me with [...]
So, the stimulus package is now law. Create lots of money and lots of debt and create prosperity. But one question: If that’s the way to prosperity, why aren’t all countries wealthy? Even the poorest countries have access to a printing press.