Saudi Arabia Establishes Joint Operations HQ With Turkey To Invade Syria

Saudi Arabia has set up a Joint Operations HQ with Turkey in anticipation of an invasion and are boasting that the Russians will fail to protect Syria’s President Bashar al Assad. As the Turkish army enters Syria, Saudi Arabia steps up the rhetoric by threatening an invasion of Syria, a country that has been ravaged by years of civil war following the Arab Revolution of 2011. Syria is now under the protection of one of the world’s most formidable defenses, the Armed Forces of the Russian Federation, following an invitation by its president for help in the global war against terror.

A Contagious Crisis Of Confidence In Corporate Credit

Excerpted from Doug Noland's Credit Bubble Bulletin,

Credit is not innately good or bad. Simplistically, productive Credit is constructive, while non-productive Credit is inevitably problematic. This crucial distinction tends to be masked throughout the boom period. Worse yet, a prolonged boom in “productive” Credit – surely fueled by some type of underlying monetary disorder - can prove particularly hazardous (to finance and the real economy).

Pages