As you know, I am a firm believer that our current economic environment is driven by forces that are global. Due to the significance of world political events we must be aware of the issues facing each sphere of the world. I am struck by how stunningly fast geopolitical changes are happening everywhere. As a result of the pace of change, it is important to use excellent resources to understand the climate in these places.
With an armed military force of more than 1 million and of course at least 6 nuclear weapons, all of us should be watching North Korea. Please examine this short video about the death of North Korea's leader and the transition to power of his son, Kim Jong Uhn by Stratfor.
Kim Jong Il Update
Like the global elite everywhere, remaining in power is the only thing that matters. I don't think it will be long before Kim Jong Uhn needs to demonstrate his power and authority on a global stage.
GOATMUG
Goatmug
is an investor that cares about you and your family. Goatmug's Blog - Financial
Perspectives From The Mountain Top is a collection of thoughts on our economy
and how it impacts the lives of investors and average people. While several
specific investments are named in many of his posts, these articles are simply
invitations for you to do your own research and reference to these securities
does not constitute financial advice. Your situation is complex and unique and
you should seek professional assistance with your trading and investing. Please
visit Goatmug and share your comments at http://www.goatmug.blogspot.com/
Christian Gattiker, head of research at Bank Julius Baer & Co., discusses
the outlook for stocks and bonds amid the ongoing sovereign-debt crisis. He
talks from Zurich with Owen Thomas and Linda Yueh.
Just thought I would share what the perspective is becoming as market participants are becoming more and more.....realistic. I will try to cut and paste a few items I've seen over the last week where I've noticed that big players are really putting a sour note out without any reservations. I've seen a few Tweets from Bill Gross and the other Pimco guys that have been well, downright caustic and negative. Could this be a time to go long? I doubt it. Sometimes, the crowd is correct even when all of them are negative.
GOATMUG
Goatmug
is an investor that cares about you and your family. Goatmug's Blog - Financial
Perspectives From The Mountain Top is a collection of thoughts on our economy
and how it impacts the lives of investors and average people. While several
specific investments are named in many of his posts, these articles are simply
invitations for you to do your own research and reference to these securities
does not constitute financial advice. Your situation is complex and unique and
you should seek professional assistance with your trading and investing. Please
visit Goatmug and share your comments athttp://www.goatmug.blogspot.com/
While mostly unrelated to economics I found this very entertaining video of the Jimmy Kimmel show that had me laughing about the contents hours later.
Please enjoy......
Oddly, after watching the video, I'm struck by how similar the "gifts" of Eurozone political leaders have been to their own citizens in this mockery of a sham called the bailout process. In fact Germany's and France's leadership seem to be doling out these "gifts" overtime and yet the citizens of the periphery countries seem to be eyeing the gift and then opening them only to fall apart in tears or lash out in anger. See, the bailouts provided by the IMF and ECB may be wrapped up and packaged nicely, but they really are nasty old hot dogs or half-eaten peanut butter and jelly sandwiches.
I'm waiting for the moment when Greece, Portugal, Spain, or some other nation takes the approach that the kid does at 4:27 in the video.
Have a Merry Christmas!
GOATMUG
Goatmug
is an investor that cares about you and your family. Goatmug's Blog - Financial
Perspectives From The Mountain Top is a collection of thoughts on our economy
and how it impacts the lives of investors and average people. While several
specific investments are named in many of his posts, these articles are simply
invitations for you to do your own research and reference to these securities
does not constitute financial advice. Your situation is complex and unique and
you should seek professional assistance with your trading and investing. Please
visit Goatmug and share your comments athttp://www.goatmug.blogspot.com/
Goatmug
is an investor that cares about you and your family. Goatmug's Blog - Financial
Perspectives From The Mountain Top is a collection of thoughts on our economy
and how it impacts the lives of investors and average people. While several
specific investments are named in many of his posts, these articles are simply
invitations for you to do your own research and reference to these securities
does not constitute financial advice. Your situation is complex and unique and
you should seek professional assistance with your trading and investing. Please
visit Goatmug and share your comments athttp://www.goatmug.blogspot.com/
Ok, we knew there were serious problems with Europe as this has been a topic of discussion for more than a year on this blog. I need to write a more detailed post on the impact that MF Global is having on the financial system, but this interview with my all-time favorite hedge fund 1%er, Kyle Bass is a great introduction to the subject.
As usual, Kyle delivers a message of death in a matter-of-fact style. He makes the following key points;
That the peripheral countries in Europe are already way past the point of no return and they are going to usher in the break up of the Euro system.
That the ECB and EMU leadership really have no plan.
Liquidity provided by the Fed recently in the form of dollar swaps is an indication that there is much more trouble in credit markets than you might think.
When looking at the dollar swap facilities you need to realize that they are trying to counter the seizing up of global credit markets.
Enjoy the 11 minute video. Look for a post this weekend about the MF Global fallout. I heard a really good interview on Bloomberg Radio about the impact this disgusting theft is having on ranchers and farmers and I will see if I can find it for your listening pleasure.
GOATMUG
Goatmug
is an investor that cares about you and your family. Goatmug's Blog - Financial
Perspectives From The Mountain Top is a collection of thoughts on our economy
and how it impacts the lives of investors and average people. While several
specific investments are named in many of his posts, these articles are simply
invitations for you to do your own research and reference to these securities
does not constitute financial advice. Your situation is complex and unique and
you should seek professional assistance with your trading and investing. Please
visit Goatmug and share your comments athttp://www.goatmug.blogspot.com/
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