The worst is yet to come?

I blogged about how the US economy is set to rebound while the rest of the world slows down. And then Vlad "the impaler" Putin goes after Georgia. Bombs the life out of half of Georgia, and the situation becomes a security threat for Caspian Sea oil: "BP shut down its Baku-Supsa oil pipeline — which runs through the center of Georgia from Baku in Azerbaijan to Supsa on Georgia's Black Sea coast". Almost as a response, even if not worded that way, Bush and Rice then rush into signing the missile shield agreement with Poland, thus escalating the tension with Putin. Result: "Crude oil rose more than $6 after the signing yesterday of a missile-shield agreement between the US and Poland bolstered concern that Russia may disrupt the flow of oil".

Yes, it is not all about economics. But, the economic impact is immediate. We can easily make sure that Nouriel "Dr. Doom" Roubini is right after all--the worst is yet to come. BTW, want to know what a former chief economist of the IMF said? In a shot heard around the world, Ken Rogoff loudly proclaimed that "the worst is to come", and even predicted that a big bank will soon go belly up!

Ok, back to Georgia. A Guardian commentator is worried that American interest in Georgia is because of its interest to attack Iran.

Meanwhile, the developments in Pakistan are making that entire Pakistan/Afghanistan area even more explosive than it even was. The Taliban is pretty pumped up with all this. I am thinking we are only weeks away from a military coup in Pakistan. I bet Musharraf is chuckling at these developments. The guy is off the hook, and does not have to answer anybody's questions on the country's nuclear program, how much he oversaw the proliferation of it, .... Meanwhile the Daily Times says that Musharraf is heading to New Mexico until it will be safe for him to return to Pakistan. WTF!

All we need is a suicide bomber succeeding in the attempt against Afghanistan's Karzai, who has lucked out thus far--it will be September 11th all over again. Kiss goodbye to any economic or political recovery anywhere on the planet.

BTW, Mugabe continues on in Zimbabwe, where inflation was 11.2 million percent in June. North Korea vows to build up its military. Violence and protests continues in Kashmir, and violations of ceasefire agreements across the Line of Control.

I feel like I should go into hibernation, and wake up in 2011!