Its a new day and age where high barrier to entry business models in media simply don't work. The Magic of the Internet eliminates said barriers. It would behoove those in these shops to come to this realization and truly embrace the magic of distributed computing in lieu of trying to force the genie back into the bottle, replete with all of its accompanying magic.
You can't say I didn't tell you it was gonna happen! At this point, anyone who doubts the onslaught of Android is in sheer denial. My last post on Wikileaks highlighted the possibilities truly distributed computing such as Android promises in the form of making it virtually impossible to censor any type of web site or publication, ex. Wikileaks. Keep in mind such a feat would be quite difficult with iPhones.
For those who don't specialize in sovereign state financial models, I have broken down the anatomy of the inevitable Portugal default into a few simple graphs with direct comparisons to the Argentina default and restructuring. As the equity markets drink the liquidity elixirs, the debt markets are about to enter the greatest string of sovereign defaults in recent history. Many of my next few posts will provide a clear road map of the event. Move over Dancing with the Stars!
You don’t need a “wikileaks.org” site to reveal much of the BS that is going on in the world today. A lot of revelation can be made simply by having motivated, knowledgeable experts scour through publicly available records. I’m about to make said point by showing that the proclamations of the ECB, IMF, the Portuguese government and all of those other governments that claim that Portugal will not default on their loans is simple nonsense.
Wikileaks probably has tens of thousands of mirrors now, in response to the US government's attempt at censorship. You see, Censorship is to the Internet as Contagion is to a Host Body. The Internet (eg. the host body) moves to remove censorship as contagion. See below:
Yes, I know the banks are hedged, and that means the are all safe right. We can just ask Ambac, MBIA, Countrywide, Merrill Lynch, AIG, Lehman Brothers and Bear Stearns investors - to start with...
I go where the mainstream media fears to tread, presenting analytical proof that Ireland will have to default with debt to GDP passing the 160% level. Yes, that's post IMF/EU/Bilateral state banks leveraged too much into Ireland loan/Pension fund raiding bailout! In essence, Germany has admitted what the numbers scream - Ireland is already in default, and it has been staggered out into the future via this bailout. 2013 is the magic number, right Ms. Merkel?
The bailout of Ireland is destined to for failure, or it fails to solve the issues that have brought it about. The amount of debt in comparison to likely future GDP Ireland is mired in is literally staggering, and that's without the little secret slipped passed some in whispers and fine print in regards to the so called bailout.
The BoomBustBlog contagion model easily predicted the actions of the UK and Sweden in aiding Ireland 9 months ago. To date, the model has been quite accurate and has some dire predictions for the near future. Here's how we predicted the chain of events of Ireland, the UK and Sweden to date, and sneak peek of what we see is in store for the near future.
Contagion in the Europe is a foregone conclusion and its risk cannot be truly priced in since no one really knows where it will kick off, how, and what direction it will take through which channels. All that is known for sure is that you have a collective of nations that have been purposely over-optimistic in forecasts, purposely misleading regarding their past and present liabilities and mired in debt and bad assets amid an inevitable hard landing - or worse.
Exactly was we predicted in the beginning of the year, Ireland is the 2nd Euro nation that didn't need a bailout to get bailed out! Now that some may start taking this seriously, I go through a quick history of how we got to this point and prep for an intense analysis of how the contagion will unfold, how ugly the haircuts (that nobody needs, of course) will get, and who may be the next domino to fall.
