More on the Economy

Today, reading various and sundry economic resources, I found the following in The Daily Reckoning: *** Here's something interesting: a list of all the places the U.S. has bombed since WWII:

China 1945-46 Korea 1950-53 China 1950-53 Guatemala 1954 Indonesia 1958 Cuba 1959-60 Guatemala 1960 Congo 1964 Peru 1965 Laos 1964-73 Vietnam 1961-73 Cambodia 1969-70 Guatemala 1967-69 Grenada 1983 Libya 1986 El Salvador 1980s Nicaragua 1980s Panama 1989 Iraq 1991-99 Sudan 1998 Afghanistan 1998 Yugoslavia 1999.

Nice, huh? Also, it has been reported that MANY companies have overstated pension fund gains. The eventual upshot (or downshot, as it may be) is that companies on the S & P 500 are carrying price earnings ratios in the 80s rather than in the 20s, meaning that these companies are now more grossly overinflated than ever before. While these companies have routinely reported pension fund gains of 8-9%, they have been losing (see: LOSS, as in less) 10-15-20% per year or more. And since these pension fund gains are estimated and done so in completely legal reporting fashion, they have contributed to the earnings of many companies and are a ticking time bomb. My advice: find the companies that have the largest pension funds for rtired workers and short their stocks or buy put options against them. As the economy unravels, you need to make money. Of course, our currency is also devaluing, so convert any gains into gold or other currencies.