Tuesday, June 19, 2012

"The best lack all conviction, while the worst
 Are full of passionate intensity." - WB Yeats

This quote neatly summarizes the current state the world. Whether it is politics, investments or economic policies nothing seems to be related to anything else.  Normally an investor can relate various events to other occurrences and draw some rational conclusions about market direction or make an economic forecast. In today's world there are no rational conclusions to be drawn. Historical relationships between investments, patterns, co-relations, etc do not make any sense in today's environment. Buyer beware!  

Europe is approaching their problems like a group of firemen trying to put out a house fire one room at a time. Unless the Europeans admit the whole house is on fire and work on a total solution, there will be no resolution. Today China and Indonesia were telling the Europeans that enough is enough, quit pretending Spain / Greece / Ireland / Portugal etc. are isolated events. 

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