United States

Last week a Russian Air Force MiG-31 jet intercepted a US surveillance plane near Kamchatka in Russia’s Far East, flying within 15 meters of the aircraft. Kamchatka is Russia’s main military hub in the Pacific with several military bases located there, along with a major naval base. Washington downplayed the incident and said the maneuver was carried out in a “safe and professional” manner. Russia Today reports: The MiG-31 (NATO code name Foxhound) is a Soviet-design supersonic interceptor, the world’s fastest aircraft in service today.

Submitted by Eugen von Bohm-Bawerk via Bawerk.net,

When JPM quant Marko Kolanovic released his latest report today, we were expecting him to read his latest insight on the positioning of quant funds, on the relative imbalance of risk parity, or perhaps whether market gamma was suggesting that the market is poised for an inflection point, either lower or higher.

From The Archive: MH-17

Paul Craig Roberts

Not long ago I wrote that every American institution, public and private, is corrupt. And every week Robert Parry’s reports prove the truth of my statement.

The Census Bureau released its quarterly update on residential vacancies and homeownership for Q1 which is closely watched for its update of how many Americans own versus rent. It shows that following a modest pickup in the homeownership rate in the prior two quarters, US homeowners once again posted a substantial decline, sliding from 63.8% to 63.5%, and just 0.1% higher than the 50 year low reported in Q2 2015.