Debeachesand Je.

By Michael Green of Icefarm Capital And so it begins… As postulated last week, we had entered the Wile E. Coyote moment where hovering risk assets had little underpinning. This proved to be largely correct, although obviously disappointing in the US versus the “Lehman” comparisons that circulated in the popular press. In contrast, European indices in US dollar terms absolutely cratered. To suggest that this has been the calmest risk-asset disaster in history doesn’t seem like an understatement.

Buy Gold and Silver Coins and Bars Now Warns Leading Financial Adviser in Ireland Buy gold and silver coins and bars for delivery and storage has advocated a leading Irish financial adviser. Eddie Hobbs has given advice to clients and the wider public and says that they should buy silver and gold bullion in order to protect from the coming global financial crisis.

Via John R. Schindler of The XX Committee, Do the Swiss know something the rest of us don’t? Ueli Maurer, the Swiss defense minister, has been making coy statements about the European crisis getting ugly – as in really ugly, like needing armed troops to deal with it. This sounds more like Greece, where the rioting is regular and increasingly scary, than anything in Central Europe, but where the whole EU furball is headed does seem less than clear of late.