THE BEST money guy around has a great and SHORT lesson on his site right now. Those of you who invest need to go there, bookmark his site, and learn almost every day. The blogs as education too. You will learn how the Fed makes the dollar go up and down without touching rates.

File under Reap What You Sow---Spain is having big big trouble with Basque AND now Catalonia. Once you show weakness the preditors attack.

....“the rift between Madrid and its rebellious Basque region widened on Friday as the regional government pushed ahead with a plan for virtual independence and mainstream parties closed ranks to block it.” And what is happening there has stirred up even further the emotions in power-hungry Catalonia: “The leader of the Republic Left of Catalonia (ERC), which governs in Catalonia with the Socialists, has said his party aims to go a step further than the Ibarretxe plan by winning independence.

Power abhors a vaccuum or something like that.

NAVY KICKS OUT pilots in training because they have too many. Not only that but they may have too many everything. Annapolis grads may be put directly into the reserves, meaning that the education costs of Midshipmen are down the tubes. Modern warfare seems to eliminate the Navy. However, when China starts barking---the next "modern warfare"--- there's a big ocean out there folks. Demarche has a much too long back up on all this if you want to read it, but you don't want to cloud your mind with too many facts.