At the tail end of last year, just days before Saudi Arabia executed 47 people in one day , the US announced approval of more military contracts with the Gulf Kingdom. The executions caused international outrage and have increased tensions with Iran, due to the killing of revered Shia cleric, Sheik Nimr al-Nimr.
Submitted by David Stockman via Contra Corner blog,
On December 28 we laid out the reason why the Wall Street casino should be avoided at all hazards in a post entitled “Safe On the Sidelines - 405 Days And Counting.” We referred to the fact that the S&P 500 had first crossed that day’s close at 2052 in November 2014, and had vibrated sideways ever since.
We are still counting. After this week’s carnage the number has risen to 501 days, but our belief that the stock market casino has just begun its descent has only been further reinforced.
1000 points of Dow swings, VIX manipulations, and desperate talking heads, and still red...
On the day, Nasdaq was red, S&P unch, Small Caps green...
The U.S. mainstream media excludes almost all reporting and analysis that challenges the neocon/liberal-interventionist “group think” about the supposed Russian threat, but once in awhile a backhand acknowledgement of reality slips through, as Gilbert Doctorow was surprised to find. By Gilbert Doctorow The newest issue of Foreign Affairs continues to show a significant drop-off of professionalism in…