How Does War Impact Profits????????????????
December 15, 2009
– Comments (3)
Right now, America is confronting a number of issues which could very easily escalate into military , conflicts with serious economic implications. For example, troops are facing each other off in Colombia and Venezeula, Iran is always volitile, Saudi Arabia is bombing Yemen daily ....just to name a few all with significant oil reserves.
Concurrently, the EU seems to be facing significant hurdles with Austria, Greece, Italy, Spain, Ireland, and England. The driver of growth, the Middle East, primarily Dubai, is not paying its bills until a standstill agreement is reached.
In America, after 1.01.10.....a lot of contruction around the nation comes to a grinding halt as projects are completed or put on hold. BestBuy admitted it is being forced to discount heavily to move product as credit card delinquencies continue to skyrocket.
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It is clear we are well into the process of concentric contraction where fewer and fewer counterparties around the world will be able to meet obligations without government assistance or access to credit.
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When the world reaches a point of systematic insolvency, the liklihood of conflict increases as nations debate the value and implications of currency disputes....the issue is what will the consequences of such disputes have on trade, the economy and earnings.
1.01.10........we are on the brink..............now its time to see how everything falls out.
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