Submitted by Bill Bonner of Bonner & Partners (annotated by Acting-Man.com's Pater Tenebrarum),
“Massive Deterioration” – Worse Than 2008
The Dow is down by almost 9% since the start of the year.
“These developments, if they prove persistent, could weigh on the outlook for economic activity…” proffered a nervous-looking Janet Yellen in her testimony on Capitol Hill. She was signaling to investors.
Smoke signals…
As you might have noticed, Bernie Sanders isn’t exactly enamored with the growing divide between the rich and the poor in America.
GOP front-runner Donald Trump has accused Jeb Bush’s brother and former President George W. Bush, for the terrorist attacks on September 11, 2001. During a CBS Republican presidential debate in South Carolina on Saturday, the Donald accused the former president of not keeping America secure. Politico reports: “The World Trade Center came down during your brother’s reign. Remember that,” Trump said to the former Florida governor. Trump went back to the line of attack moments later, after Marco Rubio also defended George W.
On Saturday, the geopolitical world was shocked when Turkey began shelling Aleppo, where the Syrian opposition has its back against the wall in the face of an aggressive advance by Hezbollah and the IRGC supported, of course, by Russian airstrikes.
To be sure, everyone knew Ankara and Riyadh would have to do something quick if they wanted to preserve the rebellion. Their proxies are being rolled up rapidly by Hassan Nasrallah’s army and Vladimir Putin’s air force juggernaut. But few expected the escalation would come so quickly.