Nouriel Roubini predicting WWI all over again. So now I'm really buying this dip!

Dr. Doom, Nouriel Roubini, who's been pretty much wrong on everything for the past five years, is now drawing parallels between 2014 and 1914.

#wef14 Echoes of 1914: backlash against globalization, gilded age of inequality, rising geopolitical tensions, ignoring tail risks
— Nouriel Roubini (@Nouriel) January 23, 2014

I've been waiting for a pullback to get back into stocks and I like all this worry and fear that is building. A bit lower, say, S&P 1750 or so, and I will start buying.

Let's hope Dr. Doom keeps scaring people until then.

"The protests in Greece concern all of you directly."

"I have never been more desperate to explain and more hopeful for your understanding of any single fact than this: The protests in Greece concern all of you directly.

"What is going on in Athens at the moment is resistance against an invasion; an invasion as brutal as that against Poland in 1939. The invading army wears suits instead of uniforms and holds laptops instead of guns, but make no mistake – the attack on our sovereignty is as violent and thorough. Private wealth interests are dictating policy to a sovereign nation, which is expressly and directly against its national interest. Ignore it at your peril. Say to yourselves, if you wish, that perhaps it will stop there. That perhaps the bailiffs will not go after the Portugal and Ireland next. And then Spain and the UK. But it is already beginning to happen. This is why you cannot afford to ignore these events."

Read the rest at Sturdy Blog, Democracy vs Mythology: The Battle in Syntagma Square

By Alex Andreou, a successful lawyer turned actor living in London.

The post ends with:

"Nassim Nicholas Taleb is the Lebanese-American philosopher who formulated the theory of “Black Swan Events” – unpredictable, unforeseen events which have a huge impact and can only be explained afterwards. Last week, on Newsnight, he was asked by Jeremy Paxman whether the people taking to the streets in Athens was a Black Swan Event. He replied: “No. The real Black Swan Event is that people are not rioting against the banks in London and New York."

(h/t Yves Smith of Naked Capitalism)