As the new Israeli Government is about form many around the world have raised eyebrows over the coalition that Benjamin Netanyahu has formed. It is completely unbelievable that at the last minute the leftist Labor government decided to join a mostly hawkish right wing party. What makes this even more bizarre is that the centrist Kadimah party refused entry into the government based allegedly on Netanyahu’s extreme right wing views. Labors position should have been naturally to the left of the centrist Kadimah party but instead it sees itself in the right wing government of Netanyahu.
Why?
Under normal conditions all this would not of happened, but these are not normal conditions. By all estimates Israel is preparing for worst case scenario as far as Iran is concerned. The head of the Labor party who happens to be Israel’s defense minister is considered by some as the best candidate to plan the preemptive attack on Iran. This is the only real reason for this bizarre political marriage between the right and the left.
The decision by the Israeli government to attack Iran will be the most important decision Israel will make since the preemptive strike of the Israeli Army that started the six-day war. It may be even more important. Iran would take notice of this very clear political union that is based almost completely on the Iran’s nuclear ambitions.
Israel is getting ready to strike as sanctions on Iran do not seem to be actually slowing down its nuclear program.
Iran should understand in no uncertain terms that the world or Israel will not let the Islamic republic go nuclear.
Whatever the repercussions and they may be considerable a nuclear weapon in the hands of a fundamentalist Moslem state is inconceivable.
It won’t happen.
Sunday, March 29, 2009
Sunday, March 15, 2009
Madoff and the Market
Madoff and the Market
As the world was intrigued by Bernie Madoffs new living quarters in lower Manhattan the stock market continued on its mini rally of four days. It was a bit ironic that the day he was incarcerated the market went up. Bernie certainly had a hand in the market going down for a number of reasons. To begin with many peoples financial portfolios were devastated by Madoff making them sell of stock to cover pressing money needs. This of course pushed the market down further. But his was the least of Bernies contribution to the present crisis. Trust is everything in the stock market and in people who handle other peoples money. Bernie was the symbol of trust for so many and this mistrust and fear is keeping the market from rectifying itself. Bernie not only swindled his direct clients but his face is still instilling fear in future investors. The “ Madoff Element “ will continue to prey upon the future of the market until there is a fundamental change in the prime loan system that ignited the mess to begin with. There are great opportunities for many to recover losses suffered by the downturn of the market. In a bizarre way Bernie could probably help many of those he destroyed make their money back. He will not get that chance. A smart Judge would let Bernie use a computer as a day trader and give 95% of his earning back to his former clients.
It won’t happen.
To bad.
As the world was intrigued by Bernie Madoffs new living quarters in lower Manhattan the stock market continued on its mini rally of four days. It was a bit ironic that the day he was incarcerated the market went up. Bernie certainly had a hand in the market going down for a number of reasons. To begin with many peoples financial portfolios were devastated by Madoff making them sell of stock to cover pressing money needs. This of course pushed the market down further. But his was the least of Bernies contribution to the present crisis. Trust is everything in the stock market and in people who handle other peoples money. Bernie was the symbol of trust for so many and this mistrust and fear is keeping the market from rectifying itself. Bernie not only swindled his direct clients but his face is still instilling fear in future investors. The “ Madoff Element “ will continue to prey upon the future of the market until there is a fundamental change in the prime loan system that ignited the mess to begin with. There are great opportunities for many to recover losses suffered by the downturn of the market. In a bizarre way Bernie could probably help many of those he destroyed make their money back. He will not get that chance. A smart Judge would let Bernie use a computer as a day trader and give 95% of his earning back to his former clients.
It won’t happen.
To bad.
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