by John Galt June 17, 2012 14:35 ET The polls have just closed in Egypt and this election is just as important as the Greek elections despite popular belief. This election could well plunge Egypt either into a military dictatorship under a Mubarak stooge or worse, and Islamist v. secular civil war involving every nation in North Africa and the Middle East. —————————————————————— UPDATE 18:50 ET – From al-Ahram: 12:26 Mursi (56.4 per cent) is now ahead of Shafiq (43.4 per…
by John Galt June 17, 2012 18:30 ET Uh, someone with some money realizes that this is becoming a joke. In the old days, a rigged election or leak about “coordinated bailout” would cause the futures to skyrocket some 300-500 Dow points. Here they are getting “their boy” into office in Athens and this is all they got? (from FinViz.com) Perhaps someone actually looked at a map and realize that Ireland, Hungary, Portugal, Spain, and Italy are still on the “oh…
by John Galt June 17, 2012 12:30 ET It’s going to be a long 48 hours. Buckle up folks. Link to SKAI-TV LIVE from Greece. ———————————————————————————————- FINAL UPDATE 18:00 ET – Last update for this thread as the news now shifts to the markets overnight. Final results via a graphic from the Greek newspaper Tovima.gr: ———————————————————————————————- UPDATE 17:40 ET – Wow, what a powerful entry at the UK Telegraph Greek Election blog: 22.25 Former Chancellor Lord Lamont has spoken to Sky…
by John Galt June 17, 2012 16:50 ET **** UPDATED 17:00 ET – NO 70 MILES from Sendai per Japanese authorities not 95 as originally reported *** No Tsunami warnings as of yet but holy cows the folks working in Fukushima have to be freaking out every time a big one like this occurs. More details at the USGS website at this link.
by John Galt June 17, 2012 15:15 ET And in his usual direct, factual, and intellectual manner, Ambrose Evans-Pritchard delivers a blunt bit of honesty to address the insanity which will follow in the weeks and months ahead in his column from tonight’s U.K. Telegraph: Greece will have to leave EMU whoever is elected (Click on the title above to read the article in full) The following excerpt sums up the instability the world is about to experience quite nicely:…
by John Galt June 17, 2012 09:55 ET It’s just too classic to pass up. Too bad the world doesn’t understand that Merkel is much more like Gorbachev or Brezhnev than Hitler. I’ll begin my live coverage of today’s events after 1 p.m. ET here at Shenandoah.
by John Galt June 17, 2012 08:30 ET With the news of the last week, some of which I have linked to in this piece, it is amazing when one takes a step back and realizes that we truly are witnessing a world in turmoil. This is how it begins with a lack of U.S. leadership as a vacuum creates opportunity for radicals to create problems worldwide, and of course the biggest black hole in the world is in Washington, D.C. where the…
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