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G8 agenda derailed due to Israel-Lebanon conflict and concerns for greater instability. Wait and see attitude. Might get hairy. Interested to see how high asia spikes. I think it will be significant.

ditto. been there, seen that.

Thin smiles fail to mask the growing tensions between Bush and Putin By Alec Russell in St Petersburg (Filed: 16/07/2006) President Vladimir Putin all but taunted President George W Bush yesterday over the situation in Iraq as their one-on-one summit ended on a prickly note - and with no...

That, though said tongue in cheek, I think is potentially more accurate than I would care it to be.

IMHO, certain canroys/MLP's have traded at flat for the last month or so during the runup in oil and the downturn in nat gas. I had been long earlier in the year, sold out with oil at 70, booked my profit, and thought I would get back in at 55-60ish. No dice. It wasn't making sense...

Yup, you're right. Its an asset with a zero yield. Foolish to hold such an asset. Much better to hold a 30 year US long bond yielding 5.15%. A "risk free" investment. How could you go wrong? :confused:

There is no question that this is going to be a rather painful housing market crunch. I think it lasts about 3 years unless there is something else happening fundamentally as reflected by declining long term interest rates. I'm not betting on that, by the way. I think a 30% decline which is...

Like Jack Nicholson said, " You can't handle the truth!"

please tell me that this is incredibly obvious to everyone else too...

We're missing a black saturday thread. :D

Doesn't seem like they were doing too much good today, did it? I thought that the boys were gonna hammer it again to make that nice double peak formation with the second peak lower just like 25 years ago... but seems like the world is starting to do its own thing... Kinda scary, with gold...

Yup. Bought back in at 649. Predictable.

Yes, you are correct. But this also reminds me of some of those high flier dot boms in pre 2001 nasdaq when they were trading $300 or more on no earnings. All I could think was " I really need to short this", but I couldn't pull the trigger. And then it went up $100, and in my mind, I...

That's me you're talking about. :D

The G-8 is really just the G-7 with russia allowed in so that they would feel that they had a part in the post cold war world. I think that russia is probably allowed some knowledge about what is happening in the global geopolitical economic game without necessarily having much of a say. As...

While I don't like CNN, I'm no great fan of FOX news either. Fox pushes its own 'conservative' agenda too actively. Not that that isn't in response to an overly left-wing media, but let's call it what it is. As far as CNN being a left wing shill, the embedded reports and favoritism shown to...

CNN has been a hack news service for the last 5 years. You have to read it, because everyone does, but it is not credible.

$ weakness against the euro will track the ECB's rate hikes, to be followed by Japan's BOJ hiking. Once language is released suggesting a pause, that's it for the buck. I think it runs back to 1.25, poss 1.20 while we are waiting through. Nice buying opportunity...

Not to be glib, but from what I can tell about these scenarios historically, the best thing to do is to have capital ready to allocate to severely depressed assets after the panic. No such luck in political disasters except for leaving the country with whatever gold you could muster. Hence...

Bocaccio's Decameron followed by Chaucer's Canterbury Tales.