Posts filed under “War/Defense”
I had lunch earlier this week with Lakshman Achuthan of ECRI. Our offices are a block apart, and from time to time, we get together to shake our heads in collective astonishment over the economic questions of the day.
We are both data driven, and look askance at the squishy gut approaches to economic forecasting. We were discussing an entire class of issues where many (if not most) observers consistently make the wrong call. Not just a panicked crowd selling into lows, but broad, erroneous perspectives on recessions (most missed it) and recoveries (ditto) along with all other manner of geopolitical issues.
Our conversation happened upon the following question — where we each expected the bulk of investors to be likely to make the wrong bet:
Over the next decade, what nation or region is most likely to have a spectacular implosion?
2. Europe, EU
4. Russia Japan
5. United States
The implosion could be an lingering budget problems to full economic collapse, or a military overthrow or outright revolution.
What would your answer be?
Every year, I avoid doing/writing anything on (or about) 9/11. I had my say in 2001 (mirror here). I hate the entire maudlin retrospective “event” each year: The roll call of lost colleagues and friends; the tragedy porn that the media rolls out; I especially detest the terror tourism down at the WTC site. But…Read More
September 12, 2009 It has been two pensive days. Somehow the words won’t come. Difficult for me since I write 100 times a year. I sit staring at the keyboard. No words. Everyone is/was so busy with 9/11. Public moments of silence, ceremonies, TV filled with remembrances, talk shows, websites, commentaries, footage of planes and…Read More
Doug Casey is chairman of Casey Research, and is a best selling author, international investor, and entrepreneur. He travels the world looking for exceptional opportunities in real estate and undervalued companies in the natural resource sector (precious metals, oil and gas and more). The author of four best selling books, his Crisis Investing was #1…Read More
Yesterday, we looked at the costs of various one time events versus the bailouts. It took one year of bailouts to rack up the debt totals of 206 years of war, westward expansion, space exploration, etc. The chart we created omitted numerous conflicts (WWs, the Civil War, etc.) and I was curious as to actual…Read More
Barron’s Alan Abelson comes forth with the reason why the terrorists have not attacked the USA since 9/11. They didn’t have to: Thanks to his vigilance, this nation was spared a terrorist attack after 9/11. And so it was, for which we are all profoundly grateful. And only the most vehement Bush-basher would sniff that…Read More
A conversation about National Intelligence with David R. Ignatius author and columnist for “The Washington Post”, Mark Lowenthal, President and CEO of the Intelligence & Security Academy and John McLaughlin, former American Deputy Director of Central Intelligence and former Acting Director of Central Intelligence
Excellent infographic depicting the enormous costs of the Iraq war. It explains in 10 steps why Secretary of Defense Donald Rumsfeld’s 2003 estimates of the war in Iraq’s costs at $60 billion were so wildly off by 10 times that figure. click for really ginormous graphic By the time the United States leaves Iraq, the…Read More