TODAY: Russia condemns North Korea 'Hiroshima' size bomb test; Lavrov says election result in Lebanon must be respected; Medvedev believes influence in CIS states should be extended; streamlining the military provokes discontentA spokesman for President Medvedev has said that 'North Korea's underground nuclear test in the region adjacent to the territory of the Russian Federation ... causes deep regret and the most serious concern'.  The detonation was, according to Russian experts, of a bomb roughly the same size as that dropped on Nagasaki or Hiroshima.  Russia's Foreign Minister Sergei Lavrov has said that the international community must recognize the results of Lebanon's upcoming general election, regardless of who wins.  This comment comes hot on the heels of those by US Vice President ...

“Deflation now, inflation later” is how Bill Bonner sees this crisis evolving. For now, US dollars protect you from falling asset values. But don’t get too attached: when the inflation bubble begins, the greenback will be tossed aside, and gold will fly.

More from Bill in The Daily Reckoning:

Deflation? What does that remind you of, dear reader?

Japan! Of course. This is the trend your editor saw coming 10 years too soon — a Japan-like slump.

“A deep and prolonged recession could raise the spectre of deflation of the sort that long plagued the Japanese economy,” says a fellow at the American Enterprise Institute.

“Welcome to Hiroshima, mon amour,” was how we put it, with Addison Wiggin, in our 2003 book, “Financial Reckoning Day.”

“If the United States were to repeat the Japanese experience, stocks could be expected to return to their 1995 trend line, with the Dow below

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Asia Hedge FundsAsia Hedge Fund GuideHere is a short collection of articles on the hedge fund industry in Asia. I am always looking for more valuable online tools and resources to add to these geographical hedge fund guides to the hedge fund industry. If you have a white paper or PowerPoint that I can include here please send me an email and I will post it for everyone's benefit.Resources on the Hedge Fund Industry in AsiaGreat, in dept overview of hedge funds in Asia.Top 25 Hedge Fund performers of AsiaHedge Funds are by reputation a risky and esoteric investment category that ordinary investors had best avoid. But don't repeat ...