Submitted by Brandon Smith via Alt-Market.com,
A common misconception in America today is that our nation is evenly divided between conservatives and liberals in an absolute sense. This is not necessarily true.
The Pentagon have confirmed that they knew about the Brussels attacks in advance saying that they had foreknowledge that ISIS had planned to launch an attack on the city. Despite the intelligence the U.S. were still unable to prevent Tuesday’s tragedy. Three officials told Reuters that whilst the United States government knew the attacks were going to take place, they did not know exactly when or where they would occur.
Submitted by Bill Bonner of Bonner & Partners (annotated by Acting-Man.com's Pater Tenebrarum),
Everything Is Nonsense
If I had a world of my own, everything would be nonsense. Nothing would be what it is, because everything would be what it isn’t. And contrary wise, what is, it wouldn’t be. And what it wouldn’t be, it would. You see?
– Alice’s Adventures in Wonderland
A public service message from the Mad Hatter – bad news is bad. Ominous, even. Hat help us all!
One month ago, just as Cushing storage was rapidly approaching its operational capacity, we warned that Cushing (and increasingly all parts of PADD 2) is denying storage requests. We also said that overall PADD 2 inventories had risen to a new record high 155 million barrels...
... hinting that it was just a matter of time before excess production would be shifted to other regions, most notably the Gulf Coast, or PADD 3.
Lately being a bear has meant sharing quite a crowded field. First it was JPMorgan, which not only said to sell any rallies, but three weeks ago said it had gone "underweight stocks for the first time since the financial crisis"; then technicians such as Evercore ISI summarized their sentiment as follows "I'm out; my bullish tactical call is over", and then on Monday, even Goldman jumped on the bandwagon urging clients "to go to cash" ahead of "expected elevated volatility" and that the "current relief rally" is almost over.