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JakilaTheHun (99.93)

The Hunnish News Invasion Triumphantly Returns!

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February 28, 2011 – Comments (8)

Yes, ladies and gentlemen, the Hunnish News Invasion is masacring its way back to the Internetz for another addition.  For those of you who have missed the Invasion, it will hopefully return permanently. Except, now it has two dedicated homes:

The Hunnish News Invasion Blog

The Hunnish News Invasion on Facebook

The Facebook version is a bit experimental for the moment.  Admittedly, Facebook's setup is kind of clunky, so we'll see how that goes, but the blog version is definitely ready to go!

Here's the first edition of the re-launch:

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Pressure for Change Builds Across Arab World, Washington Post

The "pressure" is unlikely to go away any time soon, either.  The world has fundamentally changed in the past two decades and it’s because the Internet has transformed communication.  Long-time oppressive governments are no longer able to hide their secrets. Thank Al Jazeera, Wikileaks, and the blogosphere. The Internet is the modern day equivalent of the printing press.

 

How Chris Christie Did His Homework, New York Times

This is a spectacular New York Times article.  While the article deals with New Jersey Governor Chris Christie and his quest to bring public employee expenses under reign, it is also very informative and lays out a lot of the problems associated with the nationwide state pension crisis.  Politicians have been giving the public unions “handouts” for years; except, they did it by promising money later, so that they would be long gone by the time the bills were due.   Our generations will have to deal with the mess created by others, unfortunately.  It will be interesting to see how New Jersey eventually deals with everything.

 

Gays Who Don’t Want Gay Marriage, The Daily Beast

While I have nominally supported gay marriage, this has been my long-standing issue with it, as well.  I say this as a heterosexual man, who has a partner, and neither of us have any desire to be “married.”  From my perspective, marriage is a religious affair and I don’t understand why we bother to entangle state marriage (recognition of certain legal rights and obligations) with religious marriage (a spiritual union between two people under a certain religious tradition).

 

Libyan Chaos Stirs Global Panic Over Oil Supplies, Associated Press

The idea that the absence of Libyan oil supplies will radically harm supply is misguided.  In reality, Libya, by itself, probably will not have a major impact on oil.  Therefore, oil speculators might be making a poor bet.  All the same, other Arab world disruptions, particularly one in Saudi Arabia, could have a significant impact.  That said, with oil hovering around $100/barrel, there’s very little to stop new supply from North America from pushing into the market at some point, so any spike to $120/barrel will not be long-term IMO.

 

Chinese Police Clamp Down on Protests, Washington Post

It’s unlikely that protesters in China will be able to topple their government in the same way that Tunisians and Egyptians did, but this is significant all the same.  The Western world has developed a mythical view of China as this unstoppable locomotive that will overtake the United States.  The U.S. certainly has its share of problems and will have to share its power more in the future with other parts of the world, but the conclusion that China’s growth is built upon anything other than a house of cards should be re-examined.  While China did experience major economic gains in the ’90s and the ’00s due to liberalization, it’s making the same mistakes that Japan and the Soviet Union did.  In the past decade, it has built itself up mostly through massive government spending and currency manipulation; not real economic progress.  Rising inflation and housing prices ares a testament to this and a real estate collapse could cause a global re-evaluation of China.

 

That’s all for this edition of the Hunnish News Invasion.  We hope you continue to come to us, as we ruthlessly share news from across the world and conquer the world with our own unique commentary!

8 Comments – Post Your Own

#1) On February 28, 2011 at 2:07 PM, portefeuille (99.66) wrote:

glad to see Europe no longer "in trouble", hehe ...

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#2) On February 28, 2011 at 3:16 PM, checklist34 (99.69) wrote:

I just saw the other day that Europe was in super trouble, Germany included, lol

 

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#3) On February 28, 2011 at 5:44 PM, JakilaTheHun (99.93) wrote:

Porte,

You should read some of Soros latest pieces ;)

http://en.mercopress.com/2011/01/28/europe-could-fall-apart-sustaining-euro-warns-soros

http://www.irishcentral.com/news/George-Soros-slams-treatment-of-Irish-by-European-Union-114855854.html

 

His basic take right now is that Europe had made some steps towards fiscal integration, which has slightly weakened the crisis, but that it still has a high level of danger of falling apart, without much further reform. 

 

Also, Marshall Auerbeck's piece on Germany is interesting:

 http://seekingalpha.com/article/254992-why-germany-s-economic-fortress-could-come-toppling-down

 

I'm still very relunctent to invest in the Eurozone.   I would rather buy US or Latin American equities, or alternatively, I would rather buy Aussie government bonds than Eurozone equities.  Not that I'm saying the next few years will all be downhill for the Eurozone; just that the level of risk there remains permanently elevated due to the Euro's crappy structure.

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#4) On February 28, 2011 at 5:49 PM, JakilaTheHun (99.93) wrote:

I should say that even though I won't invest in Europe right now, I'm also not betting against it. I just see the whole situation as volatile, and having an arbitrary affect on the markets; and I'm not a big fan of arbitrary markets.

I am betting against some commodities and China right now.

 

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#5) On February 28, 2011 at 6:27 PM, Option1307 (29.65) wrote:

Holy sh*t it's about time you started these again! I mean I'm really am tired of looking for important/intersting articles on my own ;)

In all seriousness, these are great blogs. Keep up the good work, +1!

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#6) On February 28, 2011 at 9:17 PM, EnigmaDude (93.40) wrote:

Better than the usual bear slobber on CAPS lately!  Thanks for doing the legwork. Your take on China is interesting.

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#7) On March 01, 2011 at 2:05 PM, PaxtorReborn (29.48) wrote:

yay!

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#8) On March 03, 2011 at 10:05 PM, Option1307 (29.65) wrote:

How Chris Christie Did His Homework, New York Times

That’s because New Jerseyans, who are glass-half-full kind of people, have assumed an improbably healthy return of 8.25 percent annually on the state pension fund. The actual return over the last 10 years averaged only 2.6 percent.

And there lies the root of the problem boys and girls. Who in there right mind didn't foresee this to be a problem when you make unrealistic assumptions about future returns? 

It's actually sickening just how bad most of these assumptions are.

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