I agree w/ you about water. That is the most precious commodity, and I’ve been looking for a good water play.

I hate owning dollars; it makes me very nervous. I really think this banking collapse and govt’ bailout will require so much printing of money, that the dollar will be seriously devalued. With a slowing economy, and the other central banks raising interest rates, the US Treasury will be less competitive. The 5% earned on US Treasuries doesn’t look so good when the ECB is paying 4%. Frankly, I see no hope for the dollar.

If the Fed lowers interest rates, inflation will really get going, and the Treasuries will sell off, as the main reason we’ve had buyers is that the US offers the highest interest rates. Due to our large debt, we’ve got to offer a higher interest rate than the ECB.

BTW, the piggington server problems are really starting to get annoying. Timing out, trouble saving comments due to some unknown character in the post, unable to access, etc. I hope Rich will be able to resolve this.