Emerging Markets Are In Trouble:
"Emerging markets are in all sorts of trouble, and with the oil price preparing for another Middle Eastern war, centred this time in Syria, their problems are about to get worse. A collapsing currency combined with a rising US dollar oil price is a big tax on economic growth, and it comes at precisely the wrong time for the global economy.
But we do feel slightly assuaged that UK Prime Minister David Cameron tells us that the coming conflict is not actually about the Middle East or even Syria, and Gareth Evan's opinion piece in today's Financial Review also provides comfort when he explains that a strong moral case justifies war even though international law doesn't.
That's good to know.
What's also handy to know (especially for these power hungry warmongers) is that the last place where there was an overwhelming moral justification to wage war (based on the suspicion of the presence of chemical weapons, which were never found) was Iraq.
And how's that going? Yesterday, explosions killed 80 people in Bagdad as sectarian violence continues a decade after the West felt morally compelled to improve the prospects of a country that, among other wicked deeds, threatened to price their oil in euros.
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'via Blog this'
"Emerging markets are in all sorts of trouble, and with the oil price preparing for another Middle Eastern war, centred this time in Syria, their problems are about to get worse. A collapsing currency combined with a rising US dollar oil price is a big tax on economic growth, and it comes at precisely the wrong time for the global economy.
But we do feel slightly assuaged that UK Prime Minister David Cameron tells us that the coming conflict is not actually about the Middle East or even Syria, and Gareth Evan's opinion piece in today's Financial Review also provides comfort when he explains that a strong moral case justifies war even though international law doesn't.
That's good to know.
What's also handy to know (especially for these power hungry warmongers) is that the last place where there was an overwhelming moral justification to wage war (based on the suspicion of the presence of chemical weapons, which were never found) was Iraq.
And how's that going? Yesterday, explosions killed 80 people in Bagdad as sectarian violence continues a decade after the West felt morally compelled to improve the prospects of a country that, among other wicked deeds, threatened to price their oil in euros.
'via Blog this'
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