The full title: [B]Stratfor Article: Hedge Fund Quits Because of Political Economy - How Does It Affect Your Trading?[/B]
The Article:
Financial Markets, Politics and the New Reality | Stratfor
Money quote, 1st paragraph:
[I]Louis M. Bacon is the head of Moore Capital Management, one of the largest and most influential hedge funds in the world. Last week, he announced that he was returning one quarter of his largest fund, about $2 billion, to his investors. The reason he gave to The New York Times was that he had found it difficult to invest given the impossibility of predicting the European situation. He was quoted as saying, “The political involvement is so extreme – we have not seen this since the postwar era. What they are doing is trying to thwart natural market outcomes. It is amazing how important the decision-making of one person, Angela Merkel, has become to world markets.”[/I]
Other interesting related reading:
The Global Crisis of Legitimacy | Stratfor
The International Economic Crisis and Stratfor’s Methodology
Oh, and don’t forget this video: Portfolio: European and U.S. Banking Systems - YouTube