"Have you not. It's very kind of you. But it would seem that as I possess a ship and you don't you're the ones in need of rescuing and I'm not sure that I'm in the mood."
-Captain Jack Sparrow
This quote from Disney’s ‘Pirates Of The Caribbean’ provides a metaphor for “The New Reality.” At a few points in time this week, the S&P500 was down -52% from its 2007 peak, Somali Pirates were holding the Saudi's for ransom, the “Pandit Bandit” was pleading for Citigroup’s mercy, and Big Auto was begging for a government bailout.
“The New Reality” of global trade is quite simply that he with the cash (and the ship) will take what he wants, on his terms, and at his price. Argh!
KM
-Captain Jack Sparrow
This quote from Disney’s ‘Pirates Of The Caribbean’ provides a metaphor for “The New Reality.” At a few points in time this week, the S&P500 was down -52% from its 2007 peak, Somali Pirates were holding the Saudi's for ransom, the “Pandit Bandit” was pleading for Citigroup’s mercy, and Big Auto was begging for a government bailout.
“The New Reality” of global trade is quite simply that he with the cash (and the ship) will take what he wants, on his terms, and at his price. Argh!
KM
