Tuesday, January 3, 2012

A Guide to Our Impending Non-Mayan Doom

Posted By on Tue, Jan 3, 2012 at 1:00 PM

The good news: The Eurasian Group (which might be a front for the Masons, I'm not sure) doesn't believe that the Mayan calendar thing is a big deal.
The bad news: They generally believe the world is probably totally screwed and made a list of possible political and economic events that we should be afraid of.

Eurozone: the rollercoaster ride rolls on
— In Europe, it's not the breakup of the Eurozone we need to fear in 2012 but the "reactive incrementalism" that could spin beyond the control of political officials. The uncertainty and volatility we saw in 2011 has only just begun.

United States: right after elections
— Once the votes are counted in November, lawmakers will take up the $5 trillion worth of tax and savings decisions that must be taken in the final nine weeks of the year. Investors face uncertainty about their taxes and government contracts as well as about the broader impact of lawmakers' choices on economic growth.

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