Wednesday, April 22, 2009

Geopolitics getting ugly(er)

Two things in particular:
  1. Taliban Seize Control of Area Near Pakistani Capital
    By JANE PERLEZ 1 minute ago
    Taliban militants have established control in the strategically important area of Buner, only 70 miles from Islamabad, law enforcement officials said.
  2. Iran warns Israel not to attack nuclear sites‎ - Apr 21, 2009
    Israel has threatened military action, but last week President Shimon Peres dismissed the idea that the country was planning an attack on Iran's nuclear ...

Think the markets have accurately priced this stuff? Methinks not. Markets are very much insular, and very much imperfect. It will come as a SHOCK! to the markets when the geopolitical disaster created by Cheney/Bush blows up (literally and figuratively)

Free market capitalism + scorn at the rule of law + Oligarchy - adult supervision = the problem Obama inherits, and the mess Wall St hasn't a clue about...

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