Submitted by Lance Roberts via RealInvestmentAdvice.com,
My friend and colleague, Michael Lebowitz of 720 Global Research, recently penned a response to Larry Summers commentary on the economy’s weakened ability to withstand higher interest rates. To wit:
Sticker Shock: Fed to Hike Rates First Time in NINE Years!
Courtesy of Phil’s Stock World
A rate hike – what’s that?
What else is there to say...
Despite an initial disappointment in stocks, once Janet started speaking, traders started panic-buying... coz everything is awesome...
Has Kerry Gained An Upper Hand Over Neocon Nuland?
On Tuesday, Lieutenant General Sergey Rudskoy, chief of the main operations department of the Russian General Staff, gave reporters an update on Moscow’s efforts to squeeze ISIS by dismantling the group’s illicit oil trade from the air.
“The intensity of air strikes at Islamic State and other terrorist targets has been increased, Rudskoy told reporters, adding that The Kremlin’s warplanes have destroyed six oil production facilities and seven truck convoys in the past three days alone.