Say it ain't so

I get these alerts from various news organizations, and I generally read the WSJ so I will link here to the news that some brilliant folks have just determined that we have been in a recession since December of 2007. YES--I said 2007. This was determined by the National Bureau of Economic Research. This is a private nonprofit economic research think tank. They apparently house many Nobel winners in economics. I guess these are the guys to go to if you want to be absolutely, positively sure.....

Meanwhile, more Obama announcements and Hillary to boot! Market is down so far, big! I guess the news of Hillary's appointment did not make the markets less jittery, though, to be fair it really does seem that the markets have a lot of distortion in them right now.

I was away in the deep South this weekend and didn't follow the TV coverage of the terrorism in India. The stories I did read had one theme that we should all note. None of the private security in the big hotels in India can get pistol permits. The police also do not carry firearms. There were reports that the police in the train station ran away. Wouldn't you? So, in the face of terrorists armed with weapons, the gentle population had nothing to fight back with. What can we learn from this? In NYC we all know it will happen again. What happened to the nice guys with automatic weapons that used to be stationed in Grand Central?

If a bunch of gunman start storming parts of NYC and the police are not around, what would you do?