Citi: "There Was Something About The Entire Recovery Narrative That Is Downright Wrong"

Yesterday, we laid out what according to Citi's Matt King, one of the most insightful and respected credit analysts in the world, is most surprising about the ongoing market selloff: the odd interplay between some asset classes which are declining in an orderly, almost boring fashion, and other assets which have crossed into and beyond a state of existential panic.

Turkey Warns Of ‘Massive Escalation’ In Syria Over Next 24 Hours

Turkey has confirmed military strikes against Syrian government and Kurdish forces in Syria and says more is about to come. The Turkish prime minister Ahmet Davutoğlu said that Turkish forces have attacked Kurdish YPG militias in northern Syria, and have demanded that the Kurds withdraw from the airbase that they had recently seized from “moderate” rebels. Turkey has also confirmed attacks against the Syrian Arab Army (SAA) in North West Syria. A Turkish official is now warning of a “massive escalation” in Syria over the next 24 hours.

Britain Is The Global Centre For ‘Dogs Of War’ Mercenary Industry

Since the start of the global war on terror following the 9/11 attacks of 2001 in New York, there has been an increased demand for mercenaries and the private military/security industry has boomed. The U.K. leads the lucrative global private military industry with Britain being the ‘mercenary kingpin’, according to a report by the charity group ‘War on Want’ for the Guardian newspaper.

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