Kiss of death or are they going to keep this Biatch up until the 2008 elections.
NONE of what I type, should be taken as financial advice.
And when you loose control, you'll reap the harvest that you've sown
And as the fear grows, the bad blood slows and turns to stone
And it's too late to loose the weight you used to need to throw around
So have a good drown, as you go down, alone
Dragged down by the stone.
Conclusion The financial markets are assuming that an attack on Iran by Israel or the US is unlikely. However, bellicose rhetoric from Israel and an imminent build-up of US forces in the Gulf suggest that they could be in for a shock.
Israel is concerned that Iran may have acquired nuclear weapons capability by the time the Bush administration leaves office at the end of 2008, and is determined to prevent this. With a diplomatic solution apparently still far off, Israel may take the opportunity to attack with the cover of two US aircraft carrier strike groups due to be in place in the Persian Gulf within weeks.
Given that risk assets are currently richly priced, they would suffer a dramatic reversal in the event of such an attack. This would involve sharp falls for stocks, corporate and emerging debt and emerging currencies. Safe havens such as government bonds, the euro, gold and oil would benefit.
How long these effects would persist would depend on the extent of any Iranian retaliation. The threat of a massive US military counter-strike might persuade the Iranians to limit their reprisals, in which case the financial market effects might quickly reverse their initial panic reactions.
Here's a fun map from Barry Ritzhold's blog "The Big Picture".
Equates each U.S. state GDP with the country it matches most closely.
Rather amazing really.
For example, the GDP of Rhode Island ($43B) is the same as the GDP of Vietnam. Only Rhode Island has 1 million residents while Vietnam has 83 million people. And Lousiana's GDP ($168B) is roughly the same as Indonesia. Only Louisiana has 4.4M residents while Indonesia has 246M.
Maybe the emerging market boom could last a while.
Winter arrived today in NH. Sort of. It got down to the mid-20s. And we had freezing rain. Which is something that I avoid driving in.
Usually we've already had mid-single-digits by now. So this is really nothing.
I sprinkled ice-melt for the first time since last winter. And have been wearing jackets instead of coats. I could get used to this for winter. It's cold enough to get rid of the bugs but no scraping ice and snow off windshields, slipping and sliding, cleaning the salt off the car and wearing heavier clothes all the time.
I haven't even put on boots this season.
BTW, LeeWhee, could you put up a few prison charts? Just curious how they've done as you posted a bunch on these in December.
$1.2 Billion Fraud Scheme in Southern California The operators of the Jovane Investment firm of Murrieta, and related businesses, including Stonewood Consulting, Inc., Pacific Wealth Management LLC (Nevada), Oetting Enterprises, and Sunburst Financial Systems, Inc., engaged in a real estate scheme involving perhaps as many as 5,000 home loans in the Southern California region.
watch now......here comes another 5,000 foreclosures dumped on the market