Archive for December, 2008

A Carol’s Tale

by Michael Hofferber. Copyright © 2007. All rights reserved.

Most songs don’t keep. People sing them for a few years, then lose interest. New tunes replace the old in a continuous cycle and yesterday’s lyrics are soon forgotten.
Even Christmas carols, the most traditional sounds in American music, have fairly shallow roots. The most popular Christmas song [...]

Bear Market Rebounds

Historically, bear markets are followed with powerful rallies. According to Prudential Investment Management, in the past nine bear markets (going back to the 1950’s), when the market declined substantially as the economy contracted, the average first year recovery saw a 36% return. The following year showed a 12% average return.
For example, the recession of 1973-1974, [...]

Fences on the Public Domain

The Day of the Cattleman
by Ernest Staples Osgood,
University of Chicago Press, 1957

In the year 1874, patents for barbed wire and for a machine for making it were taken out by J.F. Glidden of De Kalb, Illinois. By 1880 barbed-wire factories in the United States were turning out forty thousand tons of the cheap fencing; by [...]

Luxury Travel in Northern Mexico, 1842

Commerce of the Prairies
The 1844 edition unabridged in two volumes and with an introduction by Archibald Hanna
Volume 2
Strange as the fact may appear, one may travel fifteen hundred miles, and perhaps more, on the main public highway through Northern Mexico, without finding a single tavern with general accommodations. This, however, may be accounted for, by [...]