Thursday, October 13, 2011

SDS Daily Update for Thursday, October 13, 2011

It's a short one tonight, folks, as I have a lot to do this evening.  But I wanted to share a few things with you to discuss with your friends tomorrow at lunch and over the weekend...


Harrisburg, Pennsylvania's city council voted earlier this week to declare bankruptcy.  No joke.  A town of 50,000, Harrisburg has struggled financially for years.  The economic downturn certainly made their problems much worse.

Query: Is this an anomaly?  Or a harbinger of more cities and states to declare bankruptcy/default on their bonds? 

And who did CNN interview to discuss this?  Why Meridith Whitney, of course, who I have mentioned in this blog on at least one occasion in the last thirty days. 

Peanut Butter

The world's perfect food - peanut butter - will soon rise sharply in price in the next few weeks, according to a number of sources today.  A number of factors contributed to this, including a lackluster peanut crop.  Frequent readers know inflation has been creeping into our food prices for quite some time now, which no doubt contributes to this as well.

I'm a PB addict.  George Washington Carver should have his own holiday for creating it.  In addition to being hella-awesome, it's a fantastic emergency food - packed with lots of protein and fats for energy.  I recommend people stock up on it.

As such, I will be stocking up at Costco/Sam's this weekend in an effort to hedge against higher prices.  You should too.


I passed my written exam for the CHL instructor class today.  Tomorrow, it's off to the range to qualify with the revolver and the semi-auto. 

Quote of the day from the instructors (in reference to when husbands and wives shoot together on the range): "The wife will always smack that boo-tay [of her husband]."

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