Just a quick one, but I simply had to comment. It was announced that jobless claims have hit a 16-year high (Mmm… 16 years ago who became President?) and those continuing on the roles and receiving benefits is near a 26-year high (Mmm… who was Prez in 1982?). Interesting facts that I expect we will see get worse before they get better. Expect an absolutely brutal December… and get ready to invest in some real gems on Wall Street come January. This downturn is going to produce an awful lot of millionaires 10 years from now.
But on the heels of this news comes, well, what I hope is NOT something we will see more of. In Newport Beach , California last Friday, a ~5-foot bronze statue of the Virgin Mary was stolen from Our Lady Queen of Angels Catholic Church. The thieves had to bust the statue out of the cement base and carry off this not-so-light 5-foot virgin. How heavy? Well, at 550 pounds per cubic foot, I’d have to say she was a hollow statue, and would still weigh in the thousands of pounds.
So what’s the connection between jobless claims and the statue theft? Well, investigators believe the statue was stolen simply for its recycling scrap metal value. At about $1 per pound, that’s an awful lot of work for a few bucks.
60 days until we remove the virus known as “W” from our body politic.
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