The Wall Of Fear

Flipped on CNBC World this morning and the first thing I hear is the world market scoreboard described as a “Wall Of Fear” followed by the news crawl mentioning the assassination of Serbian Prime Minister Djindjic.

Good morning indeed…

UPDATE: The BBC reports on the European market slide. Choice quote:

And Germany is now in the grips of a market downturn worse than it suffered in the Great Depression, calculations at investment bank Merrill Lynch have revealed.

“There’s one word for it – carnage. It’s horrible,” said Richard Wright, at brokerage GNI in London.

Society Of The Spectacle Part XXIII – West bank terror tours

The BBC reports

Jewish settlers are offering special “terror tours” of the West Bank and Gaza, in which tourists will be trained to fire weapons and participate in mock fights with Arab militants.

The four-day excursion will include aerial tours of “terrorist” enclaves and a chance to sit in the cockpit of a fighter-plane capable of delivering nuclear bombs.

“There’s a lot of the ‘wow’ factor, like going up in an army helicopter and firing machine guns,” organiser Jake Greenwald told BBC News Online, “but it is also aimed at training people in how to deal with a terrorist situation”.

Mr Greenwald said it was also a way of attracting thrill-seekers to Israel at a time when tourism is suffering because of the violence with the Palestinians.