Once again, world politics dominate the news. The Crimea drama is over… finished… done. The Russians did what you would expect. So did the Crimeans.
Crimea has voted overwhelmingly to join Russia. And the markets seem to be celebrating. The US stock market, as measured by the Dow, rose 88 points yesterday. Gold – the antidote to crises of all sorts – dropped $13 an ounce. We promised a second foray into the time that land forgot – that dark future where things that couldn’t go on forever finally stop. The question on the table yesterday was “when.” We had no answer to it.