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Both oil and interest rates are tumbling again this morning as Wall Street is finally figuring out what we already knew--the global economy is a basketcase. While the equity markets haven't figured it out yet and traders continue to jerk the markets up and down eventually stocks will figure out that the U.S. can't stand by itself and drag the…

Some reader notes recently.Russ asks us to add MHR-E to the preferred stock - energy issues  list. While this is a convertible which we don't normally carry we have added it to the listing.Randy notified us of the Resource Capital (ticker:RSO) new note issue. We had been aware of this coming issue, but it is a $1000 issue and we can't…

We have exited oil and gas production shares today as we have continued to research the situation in the oil patch.  Bottom line is we think that we have some ways to go--maybe another $5-$10 on West Texas.  Additionally we think these low prices may last longer than we had initially anticipated resulting in substantial bankruptcies and many suspended distributions…