"[Central Banks] think they are smarter than the market," exclaims billionaire investor Jim Rogers, "they are not!"
Warning CNN in this brief but disturbing reality check that "we are all going to get hurt by a global recession," Rogers takes aim at the incompetence of the "academic and bureaucrats who don't know what they are doing," raging that "this is going to be a disaster in the end."
Rogers concludes:
Due up at 1635ET, President Obama holds his first post-Scalia press conference. We assume the propaganda du jour will be the imminent need to appoint a new SCOTUS justice... and why anyone who blocks that plan is "peddling fiction." While he is up there, we assume some comments regarding the escalations in Syria will be discussed... and why Russia (and Putin most clearly) are to blame.
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Submitted by Henry Hewitt via OilPrice.com,
After Peak Debt Comes Deflation
Paper money, ‘the Heaven-sent leaf’, is nothing new, but it has not always been held in high regard nor previously attained its unquestioned position as the lubricant of trade, financial markets and the road to wealth.
Bernie Sanders’ older brother Larry from Oxford in England, is getting undue applause from the public for having a brother named Bernie campaigning 3,000 miles away to become the next president of the United States. Sanders Junior happens to be setting the 2016 U.S. presidential campaign on fire with his socialist ideas and revolutionary approach. Larry Sanders, an 80-year-old retired academic, is a campaigner for the Green Party and has recently been appointed as the party’s national spokesman on health. Business Insider UK reports: Vermont Sen.
Stocks are up - just ignore everything else... "all is well"
One of these things is not like the other... Stocks were panic-bought once Europe closed but Crude, Credit, and Carry crumbled...