Wall Street desperately wants to "go up." But no one wants to be the one left holding the bag if Israel escalates the middle east war--as it has promised to do.
The world is on the knife edge of a geopolitical disaster.
A terrorist "event" could occur at any moment.
Surely, Osama's boys are preparing something in "response" to Israel's aggression against Lebanon...and the US-UN refusal to spare the new government of Lebanon and it's people from further Israeli war crimes.
Iraq and Afghanistan are in a heavy boil now... Indeed all of the Empire of Islam is in Jihad mode it seems!
And GLOBAL ANGER at Bush and Israel is at some kind of new high point...just when you thought it couldn't get any worse!
The markets are desperate for joy...but alas, they are in LaLa Land...EVERYTHING IS STILL MASSIVELY OVER-PRICED...Even without the new crisis in the middle east.
Remember Bernanke...? The FED guy? Remember the oil crisis? Remember the "twin deficits?" Remember the budgetary looting of the Republican K-Street Kongress?
THEY'RE ALL STILL THERE... NOTHING HAS CHANGED.
IT IS VERY LIKELY THAT THE "RECENT UNPLEASANTNESS" IN LEBANON COULD BE THE FOCUSING EVENT THE WORLD NEEDED TO SERIOUSLY START WORKING ON A GLOBAL "NEW PARADIGM."
A NEW PARADIGM BASED ON REALITY...NOT HISTORICAL INERTIA...
THE REAL POWER IN THE GLOBAL ECONOMY HAS SHIFT AWAY FROM THE US AND EUROLAND TO CHINA, JAPAN AND ASIA...WITH THE MIDDLE EAST AND RUSSIA ALSO CLAIMING THEIR DUE BASED ON THEIR NATURAL RESOURCES...MAINLY OIL AND GAS.
THE US ECONOMY HAS BEEN RUNNING ON ASSET BUBBLES AND DEBT FLOATATIONS FOR WAY TOO LONG.... AND CRISISES LIKE THE ONE IN LEBANON...WITH ISRAEL'S INSANE ACTS...ARE JUST THE TYPE OF THING THAT CAN CAUSE THE WORLD TO:
"RE-BOOT WITH A NEW OPERATING SYSTEM"
AND A MORE "REALITY BASED" GEOPOLITICAL AND ECONOMIC WORLDVIEW.
