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Odds 'n Sods:
Remember how I predicted that the global credit crisis would spawn a wave
of forced buy-outs, mergers, acquisitions, and liquidations? Here is news of another one: Washington
Mutual close to $5 billion deal with TPG, others. Be prepared for more
mergers, many of which will be cases of "strange bedfellows" involving
credit unions, pension funds, and perhaps even cities (municipal bonds). Derivatives
contract defaults will indeed force some very odd partnerships and salvage
operations. If managers' only options are bankruptcy or buying out the counterparty
to a derivative, then guess which they will choose?
o
o o
Frequent contributor KAF found this story abut a high speed successor to the
Internet: 'The
Grid' Could Soon Make the Internet
Obsolete. FWIW, I think that "The Grid" was a poor choice of names,
since
it will cause confusion vis-a-vis the power grid. I think that "The
Matrix" would
be
a better
moniker.
o o o
Craig suggested an article posted at The Folsom Telegraph: The
Banking 'Crisis'
...It's a Big Club and You Ain't In It
o o o
Spot gold and silver seem
to be resuming their bull charge, as expected. There will undoubtedly be a
few more scary dips, but consider those buying opportunities in what
is
otherwise a secular bull market. Meanwhile, we read: Gasoline
Prices Add to Record Gains. and Experts
Predict Imminent Oil Squeeze. There
are two was of looking at these events: A bull market in commodities, or a bear
market in the US Dollar. But either way,
the place
you need to be is out of dollars! Speaking of silver, see: Fuel
for
thought: Quarter-a-gallon gas special makes cents
