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Venezuela and Russia
Oct. 13th, 2008 02:51 pmLast week, Paul Krugman dug up one of The Economist's old cartoons from 1987 to explain the current state of the Economy. It seems that he predicted both sides of the coin being the same today as they were then back during last week's panic, which is the least of the qualifications that let him nab this year's Nobel Prize in Economics.
( Picture behind cut )
Well, now that the markets have returned to their regularly scheduled schizophrenic mania, the news outlets will probably be looking for the next big panic. One of the opportunities, which I saw Fox News run a teaser for yesterday, is the imminent arrival of a squadron of Russian warships in the Caribbean to visit everyone's favorite South American strongman, Hugo Chavez. Possibly John McCain will be able to use this as part of his campaign, getting people to buy into his stronger anti-Russia Cold War stance. Well, in case you did want something else to worry about frantically at night, I'm here to spoil it for you, because I'm here to tell you not to worry about that either.
( Boring Naval details behind the cut )
So that leaves you nothing to worry about except for the usual manic schizophrenia of the markets and the complete disaster that is our financial system. Which, if you ask me, is still plenty enough.
( Picture behind cut )
Well, now that the markets have returned to their regularly scheduled schizophrenic mania, the news outlets will probably be looking for the next big panic. One of the opportunities, which I saw Fox News run a teaser for yesterday, is the imminent arrival of a squadron of Russian warships in the Caribbean to visit everyone's favorite South American strongman, Hugo Chavez. Possibly John McCain will be able to use this as part of his campaign, getting people to buy into his stronger anti-Russia Cold War stance. Well, in case you did want something else to worry about frantically at night, I'm here to spoil it for you, because I'm here to tell you not to worry about that either.
( Boring Naval details behind the cut )
So that leaves you nothing to worry about except for the usual manic schizophrenia of the markets and the complete disaster that is our financial system. Which, if you ask me, is still plenty enough.