Authored by Paul Craig Roberts,
Not everyone likes to hear about the threat of nuclear war. Some find refuge in denial and say that nuclear war is impossible because it makes no sense. Unfortunately, humankind has a long record of doing things that make no sense.
Two months we first suggested that OPEC may be fabricating data about its production cuts - and certainly overstating the "success" of its Vienna production cut deal - by looking at the rising Chinese oil imports, and by extension, rising oil deliveries by OPEC nations.
Washington Plans to Nuke Russia and China
Paul Craig Roberts
Not everyone likes to hear about the threat of nuclear war. Some find refuge in denial and say that nuclear war is impossible because it makes no sense. Unfortunately, humankind has a long record of doing things that make no sense.
Two days after the US military began to move the controversial THAAD anti-missile system into its deployment site in a South Korean golf course (over the protests of hundreds of locals who were promptly quieted when the police showed up), despite vocal protests from China which is "resolutely opposed" to the THAAD deployment and believes such a move would destabilize the regional balance of power, China said on Thursday that it would stage live fire drills and test new weapons to protect its national security, its Defense Ministry said.
European shares are lower, pressured by disappointing results by Deutsche Bank and ending a six-session gain, as Asian equities and S&P futures were little changed after a record-setting rally in world stocks which pushed the MSCI World index to over $50 trillion yesterday, fizzled after Trump released unconvincing tax cut plans prompting traders to "sell the news" while caution set in as the ECB met.