
Follow us @ twitter.com twitter.com "We will keep all options -- including military action -- on the table to prevent [Iran] from obtaining a nuclear weapon," Secretary of Defense Leon Panetta told America's Pro-Israel lobby AIPAC today. Swiss money manager and Gloom Boom Doom Report publisher Marc Faber isn't waiting for war. He said in an interview he thinks "sooner or later, the US or Israel will strike Iran - it's almost inevitable." Faber recommends a formula of 25% cash, 25% equities, 25% gold, and 25% real estate or real estate equities as a formula to provide some safety against these financial headwinds. We ask Mike Shedlock, Investment Advisor for Sitka Pacific Capital and author of the popular Global Economic Analysis blog what he thinks. Meanwhile, more trouble brews in Euroland as Eurostat reports that the eurozone did contract 0.3% as estimated in the fourth quarter from the third quarter. Meanwhile, Greece tries to get investors on board with its debt swap deal by the Thursday deadline. As for bondholders taking the haircut, Greece's Finance Minister Evangelos Venizelos said in an interview, "this is the best offer because this is the only one, the only existing offer." Meanwhile a detailed 73-page report is circulating called "The Netherlands and the euro," and it shows the Netherlands would benefit by leaving the eurozone. Mike "Mish" Shedlock talks about it and explains why Italy, Greece, Portugal and Spain are going to need lots more money and Germany <b>...</b>
Capital Account
Lauren Lyster
Demetri Kofinas
Mike Shedlock
Mish
Russia Today
rtamerica
RT
Finance
Markets
Economy
netherlands
AIPAC
germany
euro
EMU
watson
supercomputer
algorithmic trading
guilt
harvard business school
Greece
Spain
Portugal
Italy
Eurozone
israel
marc faber
GM
chevy volt
barack obama
leon panetta
iran
mitt romney
debt
gold
equities
super Tuesday