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May 22, 2013
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AgWeb Editor Greg Vincent takes a big-picture look at agriculture and current events.

Europe's Perfect Storm ; Covert U.S. Military Operations

May 25, 2010
Japan’s Nikkei dropped more than 3% overnight. The FTSE 100 in London is down 2.50% and U.S. stocks are expected to plummet yet again today.
 
The Perfect Storm
Is this financial storm turning into a perfect storm now? Bloomberg reports that stocks dropped overnight as tensions mount on the Korean Peninsula and war is feared. The European contagion started in Greece may spill over to Spain and that also added to the negative tone in the financial markets.
 
The Spanish issue is renewing concerns that Europe’s economy is in serious trouble and that is further depressing the Euro.
 
BP is still scrambling with the oil spill and it doesn’t look good. Tomorrow they will employ a Top Kill plan will pump chemicals in hopes of closing the leaking, according to another Bloomberg report.
 
Secret Military Ops
The London Times is reporting this morning that General David Patreaus, the U.S. military Commander of Central Command, has given orders for clandestine military operations throughout the Middle East and Africa. The plans, it seems, did not have Congressional oversight or approval from the White House.  
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COMMENTS (2 Comments)

Anonymous
I keep expecting Obama to announce that Europe is too big to fail therefore we need to bail them out. The Republicans wouldn't have the balls to stop him because they are afraid of the media. Political gridlock is a good thing - keeps the politicians from messing things up worse than they already have.
10:14 AM May 25th
 
Anonymous
Have you ever noticed throughout the last 30 years their is always a perfect storm to drop commodity prices. Its a little sick. Exports of filet mignon might be down but not corn and wheat and soybeans sorrryyy. When will the markets ever learn. Pulling the wool ovr the eyes of the producer is worse than any other factor influencing prices. Any country that wants cheap exports can claim failing economy now and get grains 30-50 cents cheaper. Were letting too many poor souls dictate our price. Lets take grains off futures and set prices at above average prices before the system ruins the whole country. We all know what traders did to stocks and such and wiped out a lot of people 401s, now they want more?? If we havent got the technology to stop an oil leak we better get out of the business.
8:52 AM May 25th
 

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