

Opinions, Reactions, and Commentaries... On Pop Culture, Current Events and Life in General...
"I remain convinced that Germany will not let Europe fall apart. If things get too dangerous, Germany will write the checks. It's just trying to get the best deal it can - it's try to get the most reforms from countries like Greece and Italy - before it does write those checks.
As for America: I'm still bullish. I think the American economy continues to have great strengths.
Consumers have rebuilt their balance sheets somewhat. The savings rate has gone from near zero to over 3.5%. Corporations are flush with cash. Yes, Washington remains dysfunctional, but remember there's a new dynamic at work even there. If congress does nothing - something it does very well - there are two sequestrations that take place. One cuts spending by $1.2 trillion and one raises taxes by $3.9 trillion. Remember, the Bush tax cuts expire if Congress does nothing, so all of the sudden there are pressures that bring the budget deficit down.
So the budget deficit problem could get solved - albeit in a blunt, crude way, but maybe that's how democracy works."
He also says that the key places to watch are Italy, Iran, Pakistan and North Korea. Everyone would more or less know why these places would be critical in world affairs this year.
While things are so chaotic these days that it's feels like we've found an offshoot of reality TV in CNN, BBC and Al Jazeera, no one would want the world to go completely unstable. I suppose if the US and Euro crisis doesn't plunge further it would still be good for all of us, just by virtue of the world will not be turned upside down.
Meanwhile, Mexico is making the most out of this 2012 publicity and using it as a tool to promote its tourism. How clever, right? See, every country seems to be finding ways and angles to market itself, why can't we find something, anything, about ourselves (other than the alleged sex tourism) to reel visitors in?
Mexico says that 2012 isn't about end of the world, it is a time of renewal and a sign of hope, and they will have a 1 year long celebration. Well, why not?