Via EvergreenGavekal.com,
“The areas of consensus shift unbelievably fast; the bubbles of certainty are constantly exploding.”
– REM KOOLHAS, RENOWNED DUTCH ARCHITECT AND HARVARD UNIVERSITY PROFESSOR
SUMMARY
Those algos who scrambled to paint yesterday's closing tape with that last second VIX slam sending the S&P back over 2,000, forgot one thing - the same thing that China also ignored - central bankers can not print trade, something we have repeated since 2011.
As noted yesterday morning, "Goldman does it again" when just hours after Goldman said the "bearish cash for iron ore was intact," the commodity recorded its biggest surge in history crushing anyone short, and soaring 20% across the globe.
Submitted by Jeff Thomas via InternationalMan.com,
Recently, Russian Foreign Minister Sergey Lavrov held a press conference with about 150 journalists from around the world, including representatives of the western media.
Everyone knows America’s campaign in Afghanistan has been an enormous foreign policy success.
The Taliban harbored al-Qaeda before and after 9/11 so naturally, the US had to oust Mullah Omar and company on the way to chasing Osama bin Laden through the mountains whilst laying waste to whatever civilization existed prior to the American invasion.