By Chris at www.CapitalistExploits.at
Taking a glance at the headlines in Europe, all I see is the world's "woes" cropping up. Either we're dealing with cowboys, or the market sentiment is decidedly bearish. I'll let you be the judge...
Down in Fredrick, MD, visiting with the KBRA FIG team this week. Last week we published a research note, "Will Negative Interest Rates Save Europe’s Banking System?" You can read the full report with footnotes at the link below (registration is free).
https://www.krollbondratings.com/show_report/4042
How The American Neoconservatives Destroyed Mankind’s Hopes For Peace
Paul Craig Roberts
When Ronald Reagan turned his back on the neoconservatives, fired them, and had some of them prosecuted, his administration was free of their evil influence, and President Reagan negotiated the end of the Cold War with Soviet President Gorbachev. The military/security complex, the CIA, and the neocons were very much against ending the Cold War as their budgets, power, and ideology were threatened by the prospect of peace between the two nuclear superpowers.
Following yesterday's OPEC "production freeze" meeting in Doha which ended in total failure, where in a seemingly last minute change of heart Saudi Arabia and specifically its deputy crown prince bin Salman revised the terms of the agreement demanding Iran participate in the freeze after all knowing well it won't, oil crashed and with it so did the strategy of jawboning for the past 2 months had been exposed for what it was: a desperate attempt to keep oil prices stable and "crush shorts" while global demand slowly picked up.