Saturday, November 20, 2010



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Thursday, November 18, 2010

HAPPY BIRTHDAY, FORREST WHITE!

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Saturday, November 13, 2010

BLOG READERS

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There have been 566 hits on the blog
since the Paradise Bazaar was posted.
Wed. 10-10-10 at 5:54 am to Sat. 11-13-10 at 12:22 pm.
Everyone is very interested in what is going on in Paradise.
I am anxious to hear about their day
and know it was probably very successful.
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Thank You for viewing the blog.
It makes my time very rewarding.
There are many "postings" on the blog
that I would not know about
if it were not for Jim Harrell.
Thanks to Jim, I can keep the blog up to date.
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(Jim wants to remain anonymous, so don't say anything to him. OK?)

FROM NORMA HUTCHCRAFT WILLIAMS

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Hi, Onnalee,
Thanks for printing the article from the Salina paper about the bazaar, and for everything else you do. I am still a faithful reader and check the blog every day.

I am very much interested in the note cards and the Paradise history they are selling in connection with the bazaar. Do you have any idea how I should go about purchasing some and having them mailed to me?

Thanks,
Norma Hutchcraft Williams


Norma, I'm not sure what you are talking about - "note cards" - perhaps I need to reread what I posted. :) Anyway, Mollie Haberer (Eric Haberer's wife) has offered to send the recipe books in the past and would probably also send the Paradise History, after she receives a check or money order and thus, knows the address to send them to.
You can email Mollie at mhaberer@russellks.net
Thank You Norma for your comment and for your support. Onnalee

Wednesday, November 10, 2010

PARADISE BAZAAR & TURKEY DINNER - NOV. 13TH

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Small town looks forward to pheasant season

11/10/2010
By TIM UNRUH Salina Journal

PARADISE -- Mona Hoisington recalls a parade being conducted here decades ago, but not many events have much staying power in Paradise.

One gathering that folks can count on is the Paradise United Methodist Women Bazaar & Turkey Dinner. "It's the only big deal we ever have," she said.

Started in 1950 to raise money for a new Methodist church, the bazaar and dinner is the church's only fundraiser.

Part of what makes it successful - the 60th anniversary is Saturday - is the added attraction of pheasant and quail hunting season.

"It's almost like an annual reunion, but we do get a lot of hunters," Hoisington said. "A lot of them actually go out of their way to come here and eat."

Pheasant season, which attracts thousands of people to Kansas every year and prompts special dinners and events throughout the state, opens 30 minutes before daylight Saturday. It continues daily until sunset through Jan. 31.

After tromping through fields, pursuing the colorful and elusive birds in northern Russell County, hunters flock to the Paradise School gymnasium for some social time and nourishment. Before returning to stalking prey, the hunters, friends, family and others from several states can shop tables loaded with baked goods and crafts that members work year-round to create.

Freshly baked cakes, pies, cookies, breads, candy, fresh gourmet nuts and snacks also fill the area.

A cookbook featuring recipes from members, including some that are "locally famous" from previous generations, sells for $15, or two for $25.

A spiral-bound book on the history of Paradise and the surrounding area is available for $25.

The bazaar opens at 10:30 a.m. and serving for the dinner begins at 10:45. Cost for the meal is $9 for adults and $5 for children in kindergarten through fourth grade.

Several years ago, the Methodist Church moved the event to the gym to allow for enough seating. Up to 400 people attend the bazaar and dinner every year. Average attendance is more like 330 to 340, Hoisington said. The permanent Paradise population is 42.

Handling the bazaar and dinner's local coordination and preparation are roughly a dozen church members.

"It's a long week. I've already started my baking," Hoisington said Monday morning.

Mona bakes a turkey and two pies for the dinner, along with baked goods and crafts for the bazaar. Plus, she helps other church members run the event.

"No one is expendable. You pretty much base your autumn life around this day," Hoisington said.

Loyal reinforcements, past church members from the across Kansas, Missouri, Nebraska, Texas, Florida and other locations, come back every year to keep the tradition afloat.

"We have at least that many helpers from far and wide," Hoisington said.
Mona and Dan Hoisington -- co-owners of Post Insurance, Paradise -- are entertaining hunters from Kansas City, Georgia and Texas this year.

Their son and daughter-in-law, Matt and Mary Hoisington, are coming from Great Bend, with their daughter, Marissa, 15, who has helped at the bazaar since she was 7. Josh, 8, will go hunting with his father.

Matt and Mary have a "weekend house" in Paradise, Mona said. So does their nephew, V.R. Hoisington, of Austin, Texas. Others with ties to the town maintain second homes in Paradise, she said.

"It's a weekend retreat," Mona said. "The kids just love it here. They can ride their bikes in the street. It's just a whole different feeling."

Mona and Dan's son, Craig, his wife, Kim, and their sons, Austin, 2, and Payton, 7 months, live 15 miles away.

Their boys are going to a sitter while Craig goes hunting. This will be Kim's fourth year of helping at the bazaar and dinner.

"I'm doing drinks," she said. "We get salads ready, carry trays, switch out food. I kind of help wherever I'm needed."

Dan Hoisington stops short of any high anticipation for the church event. "He doesn't look forward to it. He has to haul tables around," Mona said.

But for opening day, Dan is ready to be a hunter-hauler. The couple's tenant on their farm eight miles south of Paradise, reports "a lot of pheasants," he said.

"I'd rather look at the pheasant than shoot it," Dan Hoisington said.

Statewide, pheasant and quail numbers are good, said Mike Mitchener, of Pratt, wildlife section chief for the Kansas Department of Wildlife & Parks, although northeast Kansas populations suffered from extreme snowstorms last winter.

"Quail populations have declined in southeast Kansas," Mitchener said.

The best prospects for quail are in central and south-central Kansas, he said, and southwest and northwest Kansas are showing the greatest pheasant numbers.

"West of Hays it's going to be pretty good, up to (U.S.) Highway 24," Mitchener said.

The Salina area "will be about like it was last year, which was pretty good," he said.

Hunting in Kansas offers a huge economic boost, Mitchener said, accounting for nearly $249 million in 2006. Hunters will spend on average $40 a day.

"For opening weekend, there is a lot of impact on hotels, motels and restaurants," he said.

Leading up to the big weekend, the hunting buzz was a bit muffled, according to a pair of businessmen.

"We don't have that much rush this year. Maybe it is too early to say anything," said Victor Kumar, manager of America's Best Value Inn, Ellsworth.

The inn is normally booked for opening weekend, but Kumar said he still has rooms for one person available.

"Maybe when the time crosses, more will come," he said.

Tom Jones, owner/manager of the Ace Hardware Home Center, 321 S. Broadway, will wait to gauge returns from the overall season, but there wasn't a lot of activity through noon Monday.

"We'd have to say the demand is a little softer," Jones said. "We may have a better idea as we get closer (to Saturday)."


Monday, November 1, 2010

YOUR VOTE COUNTS

‎~ The future of this republic is in the hands of the American voter. ~
Dwight D.Eisenhower

Saturday, October 30, 2010

PAT HOOPES PRESTON - UPDATE





I sent a Good Morning message to Pat this morning to see how she was doing. I received this from her.

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"Good morning to you! I am coming a long pretty good. I have had to Re-learn talking, walking, balancing, you name it - I started all over.
I am on a cane now and doing pretty good but ready to take the next step. My hair is not in good shape but I never worried much about that. I just want to get my hair back to where it was. Oh really it is slowly growing back, but feels like a caterpillar in my scalp.
I had a horse shoe cut and they had to drill holes up there to give the brain some swelling room so will have some soft spots on my head. I asked if they will fill in but they didn't know - some times yes and some times no. I have some plates also up there too. My stitches have not all come out so will have to go back in two weeks to remove some of them that didn't dissolve.
I have another MRI in Dec. to check out the progress inside of my head. Hope all is good. He said that I might have to do some radiation later. Sure hope that is a no.
I am thankful I am this far along and I am doing what they tell me to do. They say I am doing quite good for a brain surgery patient.
I lost the use of my right side and still have from the calf of my leg to my foot to wake up. It is still numb and I am taking Rehab for that. I have 3 months to go.. Thanks for thinking about me... Pat Hoopes Preston

Thursday, October 21, 2010

IN MEMORY OF VERLIN M. ROGERS

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Verlin M. Rogers
(September 28, 1913 - October 20, 2010)

Verlin M. Rogers, 97,
died October 20, 2010, Larned Healthcare Center, Larned.

He was born September 28, 1913, in southern Osborne County near Luray, the son of Alfred and Minnie Langley Rogers. He graduated from Fort Hays State University where he received a Bachelors and Masters in Administration and Mathematics, he then attended Emporia State University and received his Masters in Psychology. He was Superintendent of schools at Waldo, Natoma and Larned State Hospital where he organized that school. He was a resident of Larned since 1968.

He was a member of First United Methodist Church, Fort Larned Lions Club and was Chairman of the Christmas basket program of several years and was a past District Governor all of Larned and was a member of the Masonic Lodge. He was a U.S. Army WW-II Veteran stationed in Berma and India.

On August 6, 1930, he married Tamsel Fallis at Rush Center. She survives.

He is survived by one grandson, Mark Rogers, Wichita, one granddaughter, Holly Rogers, Kinsley and one great grandson, Brandon Chinn, Great Bend, and one sister, Sylvia Lee, Bella Vista, Arkansas.

He was preceded in death by one son, Richard and two brothers, Weldon and Arlo.

Funeral will be at 10:00 a.m. Saturday, October 23, at Morell Funeral Home, Larned, with Pastor Bill Fitzgerrel presiding. Visitation will be from 9 a.m. until 8 p.m. Friday at the funeral home. Burial will be in Vincent Cemetery, Luray, Kansas, at 2:30 p.m.

Memorials are designated for Fort Larned Lions Club or the church.
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Notice the neat comment below.
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Wednesday, October 13, 2010

THE STRECKER BROTHERS BAND

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"GROWN MEN CRIES"
Devin Strecker, Brandon Strecker, Robin Hall, Benjamin Griffiths
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I watched this video on Devin's profile on facebook earlier this week. When I watched it I was so tense about all the mess the paint was making. Then I decided that surely it wasn't real paint and perhaps they did all of that by production effects, so it was a little more enjoyable the second time. You must watch it to the end, as the ending is the neatest of all.
I emailed Devin and asked him about the paint and the mess. This was his explanation . . . . .

"It was real paint that they dumped on us, mixed with very cold water.
They did add some effects in post-production to make it appear that more paint was "raining" and splattering on the wall behind us, but the paint that is falling on us is all real. It was a very messy, yucky, cold day for us in the band."

Personally, I can't imagine cleaning up all of that mess, but what they won't go through for a video! The band has been very successful and they have good ratings. Devin has other bands too that I have been giving him a hard time about. However, this one is "tame" enough for the Paradise Blog. :)

Tuesday, October 12, 2010

MEMORIES OF PHS



After I posted the Wall Street Journal story about Van Hoisington, I sent an email to Van as following . . . .
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Check out the Paradise Blog. We are very proud of you!
Van, do you remember that Millard used to tie your shoes when you were a little boy? He is convinced that tying shoes is the ONLY thing he learned to do before you.
One of his most memorable accomplishments! ?
Congratulations on being featured in a great story!

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Van responded . . . .


Thanks. A little embarrassing...I remember Millard being ahead of me in
several things not the least was a mean left hook in gym class when we were supposed to be learning boxing! He may not remember, but I was the one who got hit..did not forget..Best to all Van

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I responded . . .

Millard is having a Senior Moment . . . . or else he has Selective Memory. ?
He has been trying to think about the boxing - left hook incident - but
can't seem to rack his brain.
Perhaps you need to remind him before he completely exhausts himself of trying to recall what "stupid thing he did." Ha!
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Van responded . . . .

I knew he would not remember..I was the one that got hit.. Woodall decided
one day in gym class to teach us some self defense..got out the boxing gloves. Did it for a couple of classes . We were sparring around, matched up with Millard. Being left handed was an advantage because no one ever looked for the left hook, certainly not me.. after he connected Woodall got concerned about his "star" bball player and stopped the lessons.
a brief moment in history only remembered by the hittee not the hittor..best Van
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I am waiting to hear Millard's reaction to this again. He told me a short story, but will add it later.

Monday, October 11, 2010

PAT HOOPES PRESTON'S PROGRESS

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I received another email from Pat Preston this morning.
She has given me permission to share it with you.



Onnalee -- Just a short note to tell you I am home and doing better but not walking too good. I have had therapy but need more. My right leg is numb and since I have no feeling in it, I still have to walk with a walker. Slowly I am doing better.
I lost all my feeling on my right side but have some of it back down to the knee so will take some more therapy with a Neurologist therapist.
Hang in there and I will give you all the details about what happened and if you want to put this on the blog, I don't mind.
I have been having seizures for quite some time but didn't know what they were. It was like having a bad leg ache while running into a electric fence. As long as I was sitting up they didn't bother me. duh!
Anyway, after a 45 min one we checked into a hospital and they ran a cat scan and a MRI and saw the tumor on my left side of brain so I said lets go for it. It was not cancer and it is gone but I have some numbness in my right side. I am competitive to get better and I am getting there. I just need time.
Thanks for the prayers and thoughts. Pat Hoopes Preston

I appreciate her husband, Weldon, for keeping us posted about Pat.

Saturday, October 9, 2010

BIRTHDAY ANNOUNCEMENT




A little bird
flew over the
Paradise Blog Headquarters
and told us about
a Birthday.









CONNIE HUDNALL JAHNKE
was born
10-10-1944

Saturday, October 2, 2010

HELP! I NEED NEWS!




PLEASE send me some news, some pictures, old photos, memories!
I am running out of things, but will start looking again in my booklets, etc.

The only thing I know today is that it is Karen Jakub's birthday,
but she would get on my case if I would put that on the blog.
Especially since I don't know everyone else's birthday.
So, guess I better go easy on this one. :)

¡uǝɹɐʞ ' ʎɐpɥʇɹıq ʎddɐɥ
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Oh! Oh! I turned off the Comment acceptance. Why did it accept Karen's comment?
Crazy technology! Click on Comment below.

Wednesday, September 29, 2010

HAPPY BIRTHDAY, ROGER PRUTER

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Today is Roger Pruter's Birthday!
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♫ ♪ ♪ ♪ ♫! ♫ ♪ ♪ ♪ ♪ !
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Did you hear us all singing to you?
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Happy Birthday, Roger!

Tuesday, September 28, 2010

THE BUTTERNUT PRESERVATION ELF

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Check out The Butternut Preservation Elf.
The grain in Butternut is beautiful!

http://foundwoodcarvings.blogspot.com/

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Saturday, September 25, 2010

B. GLENN PFORTMILLER

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B. Glenn Pfortmiller
79, of Lawrence, formerly of Hays,
died Sept. 23, 2010.

He was born Feb. 11, 1931, in Fairport to Richard "Dick" and Eleanor Pfortmiller.
Survivors:
wife, Jeanette, of the home;
daughter, Carol Glendening (Dr. Kurt), of Hays;
three grandchildren; two great-grandchildren;
sister, Mary Fink (Bob), of Denver.
Preceded in death by sons, Daniel and Dr. Gary. Services: 10 a.m. Tuesday, Sept. 28, at St. Joseph Catholic Church, Hays.
Visitation: 4 to 8 p.m. Monday and 8:30 to 9:45 a.m. Tuesday at Cline's Mortuary, Hays, with a rosary and vigil at 6:30 p.m. Monday.
Memorials: church or St. Joseph Food Pantry.

Condolences to clines mortuary@eaglecom.net.

http://www.saljournal.com/obituaries/Story/pfortmiller092510

Saturday, September 18, 2010

A RESPONSE TO JON ANDERSON

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There is a new Comment for Jon Anderson on his posting below.

COMMENT FROM ROSEMARY THOMAS STEWART - CLASS OF 1952

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Rosemary sent a Comment in an email about Bobby Dickinson's Memorial posting . . .

I just read in the blog about Bob Dickinson’s death. Am so sorry to hear that and my deepest sympathy and prayers go to his family. I graduated with Bobby in 1952. Always thought he was a great guy. I know he will be missed.


Note: The class of 1952 only had one girl - Rosemary.
Class Members were George Beller, Rosemary (Thomas) Stewart, Merle Houser, Harold Hudnall, Tommie Hutchinson, Darrald Neman and Chester Webster.
In Memory of Robert Dickinson, Chester Corwin and Robert Beller.

Friday, September 17, 2010

AN EMAIL FROM JON ANDERSON

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I sent an email to Jon and Jay Anderson - just in case they don't look at the blog every morning. :) At that time, the smiley elf was at the top of the blog. I also told him to check out the Wall Street Journal posting about Van Hoisington.

Jon replied . . . . .

"Thank you for your email and bringing to my attention the two new pieces in the Blog. As always, once I get into it I kind of find it hard to get out, so, thank you again for this interesting and informative service.
I fear, however, that your two recent additions are far below your normal standard.
First, as for Millard and the wagons. I never saw a blue wagon while I was growing up; all wagons were red and had something like "American Flyer" on them. It is correct that we raced our wagons down the sidewalk next to Dean Brown's house into the street, which, in those days of parental neglect, was evidently an acceptable way to keep us out of the house. I do not recall my brother ever laughing at the two of us. He was, as Millard will recall, much older, maybe a century or so, or at any rate a lot. Finally, I don't think Millard's parents would have let him paint wagons (which are red) blue (which they are not). It makes no sense. So, while Millard's recollection of our wagon experience is factual, I think the specific recollections he has are mainly delusional; however, don't let him know what I think, please.
Second, a nice piece on Van's accomplishments including the recent puff piece in the WSJ. However, as always, I think there's something missing. I've followed Van's career with some attention and interest. I understand he has done very well. I know he has experience in banking and economic analysis. I also understand he invests other peoples' money in federal bonds as to which he has opinions. At that point my understanding gets vague because it isn't really clear to me what he actually does. Compare Van to my brother: when Jay was a practicing veterinarian, he went out and looked at animals. That made some sense to me. In contrast, if you're in the bond business, what do you go out and look at? I don't have any idea. I'm not critical of including the piece in the blog, but it is a little difficult to follow since I don't have much of an idea what is going on."



I replied to Jon . . . .

Jon - you are SO comical. Now I need your permission to put this on the blog.
Everyone will get a "Kick" out of it.

I hope some day and some time I find something with your accomplishments.
I know they are many and very impressive.

Be prepared . . . . Millard said he thinks he has a picture of the light blue wagon,
which he painted himself. It may take weeks or months, maybe years to find the
picture though. :)

Jon's reply . . .

"Of course, use what you want. He's still confused."

Millard's response to Jon . . . . .

"Thanks Jon for the "heads up" to the possibilities that I may have delusional issues. I will do my best to re-evaluate my memories and try to sort out the more delusional ones.

After reading your email, I have definitely detected one delusion that possibly many people have - it is the delusion that the short term memory is the first to go."

Thursday, September 16, 2010

BOBBY DICKINSON - CLASS OF 1952


Robert Louis “Bob” Dickinson,
76 of Gorham died Wednesday, September 15, 2010 at the Hays Good Samaritan Center in Hays, Kansas.

Bob was born May 2, 1934 in Ellis County the son of Robert Leland and Shirley Margaret (Beller) Dickinson. He grew up on the family farm in northeast Ellis County and graduated from Paradise High School in 1952. He then attended Kansas State University where he received a degree in Animal Science.

Bob was united in marriage to Janice Miller on October 21, 1956 in Manhattan, Kansas. This union was blessed with four children; Kirk, Sheryl, Valerie and Cathy.

Bob was a rancher and farmer in Ellis County, but also was a devoted husband and father.

Bob was a member of the First Presbyterian Church of Hays where he served on the building committee and the Session of Elder. He was a Charter member of the American Simmental Association in 1968 serving as chairman two years. A founding member and past President of the Kansas Simmental Association, member of the Kansas Livestock Association and represented Ellis County on the KLA board of directors from 1986 to 1988. He served as chairman two years on the Beef Improvement Federation, Soil Conservation Board Chairman and received soil conservation bankers award in 1968. He belonged to Farm Bureau Association and received the Century Farm award in 2009. He was involved with the local Coop Board, the Ellis County Fair Board and the Ellis County Extension Board. He enjoyed working with and promoting the beef industry. He traveled many places promoting cattle. He loved keeping up on all sporting activities of his grandchildren and listening to the K-State games on the radio.

Surviving family include his wife of 53 years, Janice of the home; four children, Kirk Dickinson and wife Coleen of Gorham, Kansas, Sheryl Wambold and husband Bill of Petaluma, California, Valerie Kostelansky and husband Bruce of Ft. Maclead, Canada and Cathy Musick and husband Doug of Alma, Kansas; three sisters, Karen Ganoung of Hoisington, Kansas, Janet Nordlund of Elkhorn, Nebraska and Margaret Beyer and husband George of Wichita, Kansas; and 11 grandchildren. He was preceded in death by his parents.

Celebration of Robert’s Life will be held at 10:00 A.M. Saturday, September 18, 2010 at the First Presbyterian Church of Hays with Pastor Richard Glasgow officiating.
Burial will follow at the Natoma City Cemetery in Natoma, Kansas. Visitation will be from 9 AM to 8 PM Friday, September 17, 2010 at Pohlman-Varner-Peeler Mortuary in Russell with the family present to greet friends from 6 PM to 7 PM.
A memorial has been established with the First Presbyterian Church of Hays. Contributions and condolences may be sent in care of Pohlman-Varner-Peeler Mortuary of Russell who is in charge of these arrangements.

Tuesday, September 14, 2010

A MEMORY OF THE WOODCARVER


This elf and it's story is on Millard's Foundwoodcarving Blog. http://foundwoodcarvings.blogspot.com/
However, Millard has a different story for it on this blog and it is . . . . .

"Being semi-retired and approaching old age, I have found that a good deal of my carving time is spent reminiscing and in my most recent carving project, put me to considering where my idea of a really gleeful smile came from.

As I was carving this elf for the telephone company that I am carving for right now, I recalled an experience I had many years ago. I had just painted my coaster wagon light blue and oiled the wheels real well. Anxious to show my work of art and try it out, my friend Jon Anderson and I climbed aboard. The paint was not fully dry, as I recall, but we started to coast down the hill toward Dean Brown's house. Between both of us in the wagon supplying extra weight and the freshly oiled wheels, we gained alarming speed very fast. An attempted turn at Dean Brown's house failed and we both were sent sprawling as the wagon upset. I remember spitting sand and gravel and looking up to see Jon's older brother, Jay, walking down the hill and grinning from ear to ear, obviously immensely pleased that he was privileged to witness such a colossal wipe out.

As I was carving the elf, I realized that although Jay didn't have red hair and didn't have a beard, I was carving his grin as he walked down that hill toward us back somewhere around 1949."

Saturday, September 11, 2010

GOD BLESS OUR TROOPS AND OUR USA

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As we remember those who lost their lives on September 11th nine years ago, take a moment to thank our brave men and women overseas who continue to put their lives on the line to protect America.

Thinking of the events of the past puts into stark relief the amazing sacrifices that our troops shoulder in service of our country.



Friday, September 10, 2010

HAPPY WEDDING ANNIVERSARY JIM & IVA BYRD



•••••Happy Wedding Anniversary
••••• Jim & Iva Byrd
••••• • •••Iva Laughlin - Class of 1960

PARADISE NEWS

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I received permission from Della Richmond
to post these from the Natoma News.
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Click on these to make them larger.
Sometimes you have to click two time.


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Wednesday, September 8, 2010

COMMENTS

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I am considering disabling the Comments on our Paradise Blog.
I'm not sure if it will solve the problem of the numerous "Spam" Comments, but I would appreciate it if you would send your Comments in an email - while I am testing some other options.
I appreciate each of your comments so much and hope this does not keep you from feeling free to Commenting. This is YOUR blog.

Sunday, September 5, 2010

VAN HOISINGTON - CLASS OF 1958

AWESOME!
We are all very proud of Van.
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Van is certainly One of Our most Successful Graduates.
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What an honor for us to know Van and to each of you
that were in school with Van - how priviledged you were.
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"Mr. Hoisington, orginally of Paradise, Kan., population of 64,
is as unshowy as his investment style."
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"Unshowy" - perhaps - but "Great" - Yes!
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We are proud of Van and of Paradise, KS USA




Treasury Lover Bets on Disinflation
By Mark Gongloff (Wall Street Journal)

Forget China. For the past 20 years, the U.S. government has had no more loyal buyer of its Treasury debt than Van Hoisington.

The 69-year-old Mr. Hoisington is the founder, president and chief investment officer of Hoisington Investment Management, a boutique investment firm in Austin, Texas, with about $5 billion under management.

Julia Robinson for The Wall Street Journal LOYAL TO TREASURYS: Van Hoisington, right, and Lacy Hunt, shown in July, base purchases on the way they see inflationary winds blowing.

Though small and far removed from money centers like New York and Hong Kong, this firm's investment thesis cuts to the heart of what might be the most important question facing the global economy today: Is inflation about to rise or will a chilling deflation take hold?

For nearly 20 years straight, Mr. Hoisington has had an all-in bet against inflation by investing in only one asset class: long-dated Treasury bonds. So far, whether by luck or forecasting prowess, he has been right, and his returns have trumped bond benchmarks and the stock market, despite the epic stock-market rally of the 1990s.

The news continued to break his way Friday, as a disappointing jobs report reinforced market concerns about a sluggish economy and the potential for deflation. Bond yields tumbled in response, with the two-year Treasury note's yield setting a record low of 0.51%. The 30-year bond yield dipped to 4.00%.

Mr. Hoisington has no plan to change his bet any time soon. If he is still right, then stocks and many other investments—excluding Treasurys—may also be in for more hard times.

Mr. Hoisington, originally of Paradise, Kan., population 64, is as unshowy as his investment style. His clients have but one investment on the menu, Treasury debt. And that comes in only two flavors: either very short-term Treasury debt—cash, essentially—or 30-year Treasury bonds.

Mr. Hoisington and his chief economist, Texas native Lacy Hunt, formerly chief economist at HSBC Securities Inc., decide which flavor to buy based on which way they see the inflationary winds blowing.

In October 1990, 10 years after he started the firm, Mr. Hoisington saw inflation was in retreat and started buying long-term Treasurys. He has been buying them ever since, through expansions and recessions, bubbles and busts.

"We've ridden this train a long way," says Mr. Hoisington with his characteristic understatement.

The train has gotten crowded of late, driving bond prices higher and yields, which move in the opposite direction, near historic lows. That reduces the potential upside and raises the risks associated with a sudden reversal.

Mr. Hoisington's approach has certainly led to some unpleasant years. He was fully invested in long-term Treasurys in 1994, when the Federal Reserve raised interest rates unexpectedly and bonds took a beating. That year was one of the four down years that the firm has had in the past 25.

Last year was another down year, as riskier assets bounced from near-depressionary lows and investors shed fallout-shelter investments like Treasurys.

"We have to have a client set that has a pretty strong stomach because 30-year Treasurys bounce around a lot on a quarterly basis," says Mr. Hoisington, who warns clients they should have investment horizons of no less than three years.

Then there were long stretches like the tech-stock bubble in the 1990s and the housing bubble in the 2000s, when the firm was making money but everybody else was making a lot more.

Still, Mr. Hoisington's method has paid off in the long run. Over the past 20 years, Mr. Hoisington's annual returns have averaged 9.3% compounded, net of fees, outperforming the 8% annualized returns in the Standard & Poor's 500-stock index, according to Chicago research firm Bianco Research.

Mr. Hoisington's average returns are also two percentage points, or 200 "basis points" in bond-market lingo, more than the 7.1% annualized return of the Barclays Capital Aggregate Bond Index, a standard benchmark against which bond funds are measured.

Those "200 basis points in fixed-income land is off the charts," says Jim Martin, chief investment officer of M.J. Murdock Charitable Trust in Vancouver, Wash., a Hoisington client since 1980. "What's not to like about that?"

Though the Hoisington investment style seems simplistic, Mr. Martin trusts the firm's ability to switch from long Treasurys to short Treasurys at the right time. "It's pretty easy to understand but may be difficult or impossible for a lot of people to execute," says Mr. Martin.

Clients in a sense are paying the firm less for its trading acumen than for its monk-like devotion to the study of economics. Mr. Hoisington defers questions about his off-hours activities, calling them "not very interesting."

"Everybody has their own little hobbies," says Mr. Hoisington, "but it's pretty much a full-time job keeping up with the economic literature."

Certainly, the firm's long-term view on inflation and rates has been spot-on. Since October 1990, the 30-year Treasury yield has dropped from nearly 9% to about 4%. Inflation, as measured by the consumer-price index, has fallen from 6.3% to 2%.

Messrs. Hoisington and Hunt expect inflation to fall further, toward 0%, with a risk of deflation, or a stubborn decline in prices. Based on this inflation view, they think the yield on the 30-year Treasury bond could fall to 2%, or half of what it is today, which would represent a big jump in price.

"If circumstances change, then we will change our minds and get rid of long Treasurys," Mr. Hoisington says.

He doesn't see that happening for several years. In fact, he and Mr. Hunt believe the U.S. economy is stillgripped in a long-term disinflationary—potentially deflationary—trend due to record U.S. debt levels. History suggests the effort to whittle away such debt will slow the economy and push down inflation.

In a vacuum, low inflation and low interest rates should benefit stocks and other risky assets. But such conditions are usually accompanied by uncertainty and trauma in the economy and financial markets, which tends to benefit safer assets such as Treasurys.

The Hoisington view is outside the mainstream. While most economists, including those at the Fed, worry about the risk of deflation, almost nobody thinks it is really going to happen.But with signs of slowing economic growth, the mainstream may be moving a little closer to Mr. Hoisington.

Copied from the Wall Street Journal - Aug. 7,2010.

Friday, September 3, 2010


Thursday, September 2, 2010

FROM EVELYN & HUGH RICHARDSON

•
Thank You Evelyn & Hugh Richardson for the thoughtful email.
I appreciate your kindness!
•
"The News that you write about Paradise is great. I thank you.
It is so nice to be able to learn about happenings from Paradise.
We have been gone so long and all who used to write the news to us are no longer living or have moved away.
Keep up the good work.
Evelyn and Hugh Richardson"

JUST SO YOU KNOW . . . .

•
These are the first email messages in my Inbox this morning . . .

#1
Anonymous has left a new comment on your post "COMMENTS":
Good day
We do not agree with this year Brit awards decision.
Please visit our little poll
http:// (I deleted the link before publishing this.)
Lady Gaga can not be better than Madonna
Poll supported by BRIT awards 2010 sponsor femmestyle
url=http:// (Another deleted link.)


#2
Anonymous has left a new comment on your post
"PARADISE REUNION PICTURES FROM IVA (LAUGHLIN) BYRD...":
Hello fellow www.blogger.com members[url=http:// (deleted)

I just wanted to say that I am happy to be the newest member here and that I am glad to have the opputunity to take part in the great conversation here,
Glad to be on board here[url=http:// (deleted)

#3
Anonymous has left a new comment on your post "COMMENTS":
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•
I am sure if a person would click on any of the links, your computer would be attacked by many viruses.

I had 2 emails in my Spam box. Both about the advantages of Viagra.

These are why I am suspicious.
☺

If you send a comment - even if it is Anonymous - please put your name on it.
I understand that sometimes it is hard to Comment without it saying Anonymous.
That is technology! :)


Wednesday, September 1, 2010

I GOOFED!

•
I wonder how many legitimate emails and comments I have deleted that I should not have.
I receive from 10 to 15 emails and comments a day and I guess I didn't guess this one correctly.

After reading "EMAIL SCAMS" below, then read the emails and comments I received today after the posting.
At least people are reading the blog.

#1 - Devin Strecker
"She is from Natoma and writes for the newspaper, or anyway she used to . . "

#2 - Devin Strecker
"I just vaguely remembered the name from when we lived in Paradise so I had to google to make sure that was correct. I remembered that she published the Natoma Independent when I was in school there."

#3 - An email from me to Della Richmond
"Della, you are not going to believe what I did.
Click on the Paradise Educated Blog below and read it.
After reading the blog, a friend sent me an email and said . . .

"I just vaguely remembered the name from when we lived in Paradise so I had to google to make sure that was correct. I remembered that she published the Natoma Independent when I was in school there."

#4 - Dan Hoisington
"I have known her all of my life. She was a Pooley and went to school in Natoma. Most of her relatives were from Paradise. She does the local news for our area in Russell Paper. She is a very nice person."

#5 - Jim Harrell
"I do remember a Della Richmond. The name is from Natoma."

#6 - Jim Harrell
"She was a Pooley. Was in the class of '54 in Natoma.
She is also a bus driver for Natoma/USD 399."

#7 - Me to Della
"Della I taught at Paradise from the fall of 1963 to the spring of 1966.
I was the music teacher - Instrumental and Vocal - Grades 1 through 12.
I was Miss Leonard - Onnalee Leonard. I married Millard Harrell from Paradise in 1965."


#8 - Della to me
"Sorry--guess I didn't explain myself well enough. I'm sure if you ever check Randall Weller's emails, you can find my name on them--he is my cousin. I am editor of the Natoma Independent newspaper, and was working on the alumni story. I came to my personal computer since that is where your address is. It's too late now to put your "teacher' name in, as I have already turned it in."

•
I am waiting to hear from Randall. Except when he reads the blog he will read this first - so I will not get his reaction. :) I receive emails from Randall but I don't look at his list of people that he sends them too. Perhaps I will start noticing the "little things."
•
I just received an email from Randall Weller . . .

"Della and I are first cousins. She was talking to me yesterday and asked me your maiden name. I had it on the tip of my tongue but could not remember it. It came to me today but she had already discovered it.
I think she is doing a story on Paradise teachers perhaps, but do not know for sure. RWW"