By Paul Johnson:It's easy to get lost in all the gloom and doom of the approaching "fiscal cliff" these days with constant reminders all around us. There's even a counter on the MarketWatch.com site that tolls the days, hours, minutes and seconds as we irretrievably march closer and closer to the precipice.
“It’s hard to make predictions, especially about the future.”- Yogi Berra
Like so many people who blog about elections, Nate Silver has a penchant for making predictions. What separates Silver from many of his colleagues and competitors is that he is right. A lot.
When judgment day comes -- which some US Christian fundamentalists insist will happen on Saturday -- have you thought about what you're going to do with the family dog and cat?In 26 US states, you could have them rescued and adopted by enterprising atheists who have set up a business to care for the animal companions of any Christians who are selected to go to heaven when Jesus Christ comes back.
The official talk around the G7 statement and the G20 meeting generated a great deal of needless noise in the foreign exchange room. It is almost like a librarian yelling "Quiet". It may be more disruptive than the initial noise. With the meetings out of the way, we expect the official jawboning about the currency market to die down. Of course, there is a chronic low level murmur of economic commentary that may have broad implications for foreign exchange rates.