Well, the local Kmart closes for good this weekend. I figured I’d head over there and check to see if there was anything left I couldn’t live without. As it turns out, whatever was left was knocked down to 50-60% off, but the things I was after..first aid supplies…were long gone and all that remained were made-in-China medical supplies that I was in no way going to acquire.
I figured that the good stuff would be gone before this point so Im glad I stocked up when it was 37% off.
As some folks pointed out to me, not all the digital camo was an uninspired flop. Apparently the Army digital camo is the one just about everyone agrees doesnt quite hold water. The other branches’ patterns seem to be meeting with different results.
For those of you who have an interest in camo and it’s development around the world, here’s a link to a resource you might like: kamouflage.net
QE3? The .gov is promising to spend $40 billion a month to by mortgage-backed securities in order to decrease unemployment. Did I read that right? I’m no economist but I’m having a tough time seeing the relationship between underperforming mortgage-backed securities and unemployment. Are jobs somehow not being created because banks and other institutions are holding a security that is underperformng? I’m not sure exactly how that works. As I see it, the only way banks affect unemployment is by affecting the availability of capital for use by businesses. Since the Fed has kept interests rates so low that banks can borrow money at virtually no cost, how can any bank not have the capital to provide to businesses to create jobs?
And while I may not understand where the correlation is between mortgage-backed securities and unemployment, I can understand that .gov is going to be getting that $40 billion to spend every month from…where? Oh, thats right….they have a printing press.
I wonder if this explains gold and silvers interesting price changes as of late.