Daily Archives: September 5, 2012

Things That Make You Go Hmmm…: 20120903

To view this document in full screen mode, scroll down to the bottom of the embedded viewer (not the viewed document) to the Scribd control bar. Clicking on the link next will take you to the document viewed on the Scribd site (Note: Scribd can be slow responding – be patient).

In his usual entertaining style, Grant lures us with a selection of terms of obscure phobias. He then begins a discussion of the phobias that our monetary authorities have: an extreme fear of deflation, depression and recession. Key ideas that Grant presents are:

  • He gives a historical timeline of recessions, depressions and panics or depressions in the US. One interesting observation he makes is that they have not significantly impacted the steady overall growth of GDP. Another is that since the Great Depression we have not had another.
  • Grant discusses the failure of QE.
  • He also discusses how the Fed may be blind to the market distortions their paolices are causing.
  • He notes that: With stock market volumes at generational lows while markets crawl to within coo-ee of their all-time highs, it is readily apparent that those participants still playing are doing so in anticipation of getting a nice, juicy Fedinduced bump into which to sell
  • Perhaps the key summery point hr makes is: QE3 IS coming folks. Maybe not quite yet, but soon and when it does, it will be a coordinated blitz between the Fed, the ECB, the BoE and the PBOC with the BoJ tagging along because… well, why not? He says that it will be a massive global monetization event.

Things That Make You Go Hmmm…: 20120715

To view this document in full screen mode, scroll down to the bottom of the embedded viewer (not the viewed document) to the Scribd control bar. Clicking on the link next will take you to the document viewed on the Scribd site (Note: Scribd can be slow responding – be patient).

We have not reviewed this essay.

Things That Make You Go Hmmm…: 20120708

To view this document in full screen mode, scroll down to the bottom of the embedded viewer (not the viewed document) to the Scribd control bar. Clicking on the link next will take you to the document viewed on the Scribd site (Note: Scribd can be slow responding – be patient).

We have not reviewed this essay.

Things That Make You Go Hmmm…: 20120819

To view this document in full screen mode, scroll down to the bottom of the embedded viewer (not the viewed document) to the Scribd control bar. Clicking on the link next will take you to the document viewed on the Scribd site (Note: Scribd can be slow responding – be patient).

We have not reviewed this essay.

Things That Make You Go Hmmm…: 20120812

To view this document in full screen mode, scroll down to the bottom of the embedded viewer (not the viewed document) to the Scribd control bar. Clicking on the link next will take you to the document viewed on the Scribd site (Note: Scribd can be slow responding – be patient).

We have not reviewed this essay.

Things That Make You Go Hmmm…: 20120722

To view this document in full screen mode, scroll down to the bottom of the embedded viewer (not the viewed document) to the Scribd control bar. Clicking on the link next will take you to the document viewed on the Scribd site (Note: Scribd can be slow responding – be patient).

We have not reviewed this essay.

Flash Point: An Irony of Significance

One  of the things that motivated the creation of Flash Points was the apparently synchronicity between two or more sources on a single topic, often something new to us, in a very short period of time -usually within hours of each other. We have a new one of a geopolitical nature.

As background, Lebanon has been a non-functional state because external powers have either intentionally or unintentionally promoted sectarian violence that has kept it unstable. One of the dominant influences has been Syria via both its own military and proxy militias such as Hezbollah. It was startling today, then, to read this comment from Art Cashin in a KingWorld News interview:

This (Syria) could turn into a very ugly Lebanon, very quickly, and thereby destabilize the entire Middle-East.  And I don’t think protection against that is priced anywhere in these markets, with the possible exception of the premium price for oil.”

Within half an hour, we heard Robert Kaplan express a similar sentiment in: Stratfor: Debate Between George Friedman and Robert D. Kaplan on Forecasting.

If such were to transpire, we assume that Iran would be the exterior power that would seek to control Syria, but Turkey, Israel and the Saudis will compete for influence and control in a post-Assad political structure. At the same time, the US, Russia and China as the larger geopolitical powers will try and assert their interest. France will probably want to muck around in there too.

 

Powered by WordPress | Designed by: photography charlottesville va | Thanks to ppc software, penny auction and larry goins