Bruce Henderson is a former Marine who focuses custom data mining and visualization technologies on the economy and other disasters.
For the past two days I have been in the far north of Scotland, in a county called Caithness. It is as far north as you can go on the island of Britain without a boat. Caithness is the land of my Henderson ancestors, and in particular the area around a village called Dunbeath. First […]
From the Far Eastern Economic Review: Guangdong Province alone, the heart of China’s low-cost manufacturing base, has seen half of the shoe manufacturing industry close shop (over 2,200 factories) this year. Laid-off factory employees, along with millions of migrant construction workers likely to be left jobless as construction slows, will return to a countryside largely […]
![Praying For Global Warming [updated]](http://andstillipersist.com/wp-content/uploads/2008/10/panorama.jpg "Praying For Global Warming [updated]")
Snow in October? I am currently in Scotland researching family history. After spending the weekend in Glasgow, it’s up to Caithness. My Henderson family is from the Dunbeath area, on the east coast of Scoland in the far north. I drove north through Inverness in a fairly potent snowstorm. Seriously, if any of you have […]
Again from the wise mind of Anna Schwartz courtesy of the Wall Street Journal: If they [“toxic” assets that nobody wants] are priced at current market levels, selling them would be a recipe for instant insolvency at many institutions. The fears that are locking up the credit markets would be realized, and a number of […]
This morning’s words of wisdom from Bloomberg: “To rebuild economic health in the United States, you need a serious recession that will last several years,” he said. “The patient that got drunk on credit growth needs to go into rehabilitation. To give him more alcohol, the way the Fed and the Treasury propose to do, […]
It seems that Volvo, a premier maker of heavy over the road trucks for the EU and US markets has begun to see the impacts of the contracting economy. Their orders decline to just 115 trucks ordered for the 3rd quarter of 2008, compared to 41,970 trucks for the same quarter 2007. From Bloomberg: Oct. […]
Direct from the wise mind of Anna Schwartz courtesy of the Wall Street Journal: This (the crisis) is not due to a lack of money available to lend, Ms. Schwartz says, but to a lack of faith in the ability of borrowers to repay their debts. “The Fed,” she argues, “has gone about as if […]
This little cartoon over at XKCD shows the danger of antagonizing those with vast data resources at their command:
Democrats Win… Here Comes The Pain
McCain ran the weakest, most disorganized and least aggressive campaign I have seen since George Bush 41 vs. Clinton. He lost with pride and dignity – which is what he seems to have wanted to do from the start. Obama is the president elect, congratulations to the first black president! As i said when I […]
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