Turkey previously shot down a Russian jet.
Now, Turkey and Saudi Arabia are threatening to invade Syria.
How dangerous could this get, in a worst case scenario?
Robert Parry – the investigative reporter who broke the Iran-Contra story for the Associated Press and Newsweek – wrote yesterday:
Sanctions Can Be Applied to Russia but It Is Illegal to apply Sanctions to Israel
Russia says it can attack Turkish troops if they enter Syria, and it would not necessarily lead to a confrontation with NATO. Tea Party reports: Since the weekend, Turkey has unleashed its 155-millimeter heavy guns across the border with Syria. The targets are Kurdish forces, whose recent advance is a key part of the Russian plan to extend President Bashar al-Assad’s control over Syria. Turkish President Recep Tayyip Erdogan on Wednesday refused to stop the shelling and said Turkey was acting in self-defense.
Just when traders thought that the biggest and most violent 3-day short squeeze in 7 years was about to end...
... a squeeze that has resulted in 3 consecutive 1%+ sessions for the S&P for the first time since October 2011, overnight we got one of the Fed's biggest faux-hakws, St. Louis Fed's Jim Bullard, who said that it would be "unwise" to continue hiking rates at this moment, and hinted that "if needed", the most natural option for the Fed going forward would be to do further Q.E.
Late last month, we reported that ISIS has cut its fighters’ salaries in half due to “exceptional circumstances the caliphate is facing.”
Those “exceptional circumstances” include Russia’s unrelenting aerial campaign against the group’s illicit oil trafficking business in Syria. The US-led “coalition” likes to take credit for helping to cripple the oil trade, but in reality it was Vladimir Putin (and Zero Hedge) that put the issue in the spotlight in November.