"China Is Not Contained" Credit Market Screams

January 22, 2016 - 11:00am
"China Is Not Contained" Credit Market Screams

We have seen this pattern before, and it did not end well. While the most mainstream indications of China's "stability" are droned on about as indicating some level of control (i.e. Yuan volatility suppression), the fact is that no matter how hard China tries to centrally plan the entire world, segments of the credit market are screaming "uncontained." First, China was forced to inject the most liquidity in three years... and it's still not helping support risk...

Merkel’s Power Shaken by Refugee Crisis

January 22, 2016 - 10:51am

German Chancellor Angela Merkel, Time magazine’s “person of the year” in 2015, is facing her biggest political crisis as her welcoming of Mideast refugees has troubled and angered many Europeans, raising the possibility that Merkel’s days as the Continent’s undisputed leader may be numbered, writes Gilbert Doctorow. By Gilbert Doctorow The online edition of Bloomberg…

Islamic State Uses Syria’s Biggest Dam As A Weapon

January 22, 2016 - 10:50am

Islamic State militants are sheltering their senior officials and high-value prisoners at Syria’s biggest dam by Lake Assad on the Euphrates, believing that U.S. forces will not go near them in fear of unleashing a giant flood that could potentially kill thousands. High-value prisoners and senior Islamic State officials are being held at the Tabqa Dam, safe in the knowledge that there are no ground troops capable of dislodging them before they unleash a deluge that could “mean that there’s no electricity for all of eastern Syria”, according to Virginia Tech associate professor Ariel Ahram.

Snowden Documents: Hackers Stole Pentagon F-35 Fighter Jet Secrets

January 22, 2016 - 10:38am

Documents released by Edward Snowden allege to show that the design of China’s Shenyang J-31 fighter jet was stolen by hackers from the Pentagon. Chinese hackers stole “many terabytes” of data about America’s F-35 stealth fighter jet and other programs, according to newly released documents by former NSA contractor and whistle-blower Edward Snowden. New York Daily News reports: The stolen materials, taken from the Pentagon and contractor Lockheed Martin Corp., included radar designs and engine schematics used in the crown jewel of American military aircraft.