The smart money on Wall Street is betting that the fix is in on Ukraine. Even with a shooting war brewing between Ukraine and Russia, the markets are shrugging off the news as of little consequence.
A telltale that the fix is in was that we sent vice president Uncle Joe Biden to Ukraine to calm matters and show our moral support for them--which was obviously meant sarcastically.
Did I say vice?
And the vice president brought with him $50 million, which may seem like a lot, but is nothing compared to the $50 billion problem they have over there.
$50 million today doesn't fund a startup, yet alone a country fighting for survival.
If Ukraine was smart, they'd quickly convert their country to Ukraine.com, and get on the IPO calendar with Goldman Sachs as the lead underwriter and perhaps a token Russian bank-- which is to say ANY Russian bank—in the selling syndicate.
Because we know that what a dotcom does doesn't matter as much as the number of subscribers they have, and Ukraine could be losing a number of subscribers rather quickly.
So let's just say that the Obama administration is looking at the situation in Ukraine as kind of make up sex with Russia for the spats that they've had in the Middle East.
This is the world we live in.
Today, at 11:20 AM PT: Get the Market Movements in Advance: William's Edge Webinar for October 24th, 2014 | John Ransom
In Other News: List of "Useless Government Spending" Strangely Doesn't Include Biden's Salary | Michael Schaus
Today, at 11:20 AM PT: Get the Market Movements in Advance; Williams Edge Webinar for October 22nd, 2014 | John Ransom
In Other News: Massachusetts School Board Moves to the Right of Democrats - Becomes Socialist | Michael Schaus