Daily Archives: November 19, 2011

Is Paris burning?

It, and the rest of Europe, are certainly toast.  After a twenty-month investigation and doubtless hundreds of thousands of euros spent in the process, its standards board has declared it illegal to claim that water can re-hydrate the parched.

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Through a glass, darkly

CL&P officials assured Back Country residents last night that they were committed to improving service up there, including installing a new substation. Uh huh. That same company recently rejected a site for just such a substation because it was north of the Parkway “and by far the bulk of our customers live below.” In other words, don’t hold your breath.

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Buy that house now?

Some readers have suggested that the recent surge in sales of big – ticket homes here in Greenwich might be attributable to a desire to protect assets from the coming inflation. Is hyper-inflation on the horizon? Well over at ZeroHedge they played an on-line game sponsored, I kid you not, by the Federal Reserve called “Fed Chairman for the day”. The result? Buy something solid, now.

ZeroHedge plugged in exactly the parameters the fed is currently employing – zero interest – and immediately lost the game because inflation would soar to  38% within 4 years.

Is the Fed right? It often isn’t, but if, by their own estimate, we’re headed for Armageddon in the near future, I wonder why they persist? Stay tuned.

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A transfer from Penn State?

Oklahoma running back Jeff Woody scores in overtime.

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