History Tells US The Euro Will Not Survive, Greece Will Get Worse, And There Will Be A Trade Shock

History Tells US The Euro Will Not Survive, Greece Will Get Worse, And There Will Be A Trade Shock
Must read of the day

‘Reasonably high’ chance BP files for bankruptcy | The Climate Desk | Grist

‘Reasonably high’ chance BP files for bankruptcy | The Climate Desk | Grist
Lets consider that a BK by BP would be on the scale of all 5 major banks going BK at the same time, along with England going BK. Really realy bad. The CDS on BP alone would take out everyone. Not to mention the destruction of Pension in England and the USA.

Would A Bankrupt BP Do More Damage Than Lehman?

Would A Bankrupt BP Do More Damage Than Lehman?
Doom is Nigh, BP edition

The US Is Pushing Its Debt Towards A $57 Trillion Hole

The US Is Pushing Its Debt Towards A $57 Trillion Hole
Must read of the day

When Giants Fall: No Glossing Over This Story

When Giants Fall: No Glossing Over This Story
The drug war is stupid. Nuf said.

Credit-Anstalt

http://www.businessinsider.com/credit-anstalt-crisis-2010-6

Things are moving to head. Along with europen problems, we have some serious saber rattling in the red sea.

http://www.businessinsider.com/11-us-battleships-cross-suez-canal-into-red-sea-2010-6

I can not think Obama would attack Iran. But I can foresee a Israel attack where we stand by and let it happen. What would happen from here is anyones guess.