Friday, October 09, 2009

Two to note

1. Charles Hugh Smith reflects on something that's been nagging me for quite a long time, namely, the seeming impossibility of measuring "real" prices. Everything is relative to something else.

2. The Contrarian Investor's Journal fairly succinctly shows that the USA is fast approaching a debt level so high that Uncle Sam won't be able to service the payments. However, I think it may be time to separate actual here-and-now debt from notional debt in the form of medical and social security undertakings. Surely the latter will be revised radically, voluntarily or perforce.

2 comments:

  1. James Higham9 October 2009 at 21:13

    The baobab tree - yes - a salutary lesson.

    ReplyDelete
  2. Anonymous12 October 2009 at 09:23

    Now we know why Obama's NHS plan has gone down like a lead balloon. The ordinary peope know full well they can't afford it.

    ReplyDelete

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