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With Friends Like These, Who Needs Enemies?

Submitted by John Whitehead via The Rutherford Institute,

As the grandfather of three young ones, ages 5 to 9, I get to see my fair share of kid movies: plenty of hijinks, lots of bathroom humor, and an endless stream of slapstick gags. Yet even among the worst of the lot, there’s something to be learned, some message being conveyed, or some aspect of our reality being reflected in celluloid.

JPMorgan's Four Catalysts For Chaos In 2016

JPMorgan's Four Catalysts For Chaos In 2016

The tape faces four big catalysts/events between now and probably the end of the year according to JPMorgan:

1) The Fed.  Do they move in June or Jul?  The former has the Brexit problem on June 23 (although the odds of an “out” vote have declined enormously) and the latter lacks a press conf.  Will two hikes this year (one in the summer and another ostensibly in Dec after the elections) spark another steep rally in the USD or will currency markets stay calm?;

 

State Department Admits It Deliberately Cut Video Confirming It Lies To The Public

Three weeks ago a mini scandal erupted, when the State Department was accused of purposefully altering a briefing video to remove a portion of a discussion about the Iran nuclear talks. The missing clip involved then spokeswoman Jen Psaki, who was asked in 2013 whether officials ever lie to the public to protect national security interests. Psaki indirectly confirmed that this happens. "James, I think there are times where diplomacy needs privacy in order to progress. This is a good example of that," Psaki replied to Fox News reporter James Rosen.

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