Archive for December, 2011

Where to go?

Question: When is there ever a panic? When is there ever a run on a financial system?

Answer: When enough participants no longer trust the system. It is the classic definition of a tipping point. It’s not that all of the participants lose faith in the system or institution. It’s not even when most of the participants lose faith: Rather, it’s when a mere some of the participants decide they no longer trust the system that a run is triggered.

These and other fabulous questions are asked and answered in this blog post:

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Korean change … stable for now.

The change of power balance in the Korean peninsula is going to be something of a flashpoint in the coming months.

Always ready for a fight or flight moment, North Korea now is in the throes of a change of power not seen since the city state years of the Italian peninsula in the 14th and 15th centuries.

Nominally a communist regime, North Korea could better be described as a feudal Kingdom, now with a powerful experienced Duke overseeing the development of a new young King.  One that is untested and untried with the most important elements in statesmanship to a military dictatorship, combat command and immediate control of senior military commanders.

I suspect that the leaders of South Korea are rightly concerned about the sound of sabre rattling changing to actually drawing the sword.

More from Reuters.

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