Submitted by Michael Snyder via The Economic Collapse blog,
After a series of stunning declines through the month of January and the first half of February, global financial markets seem to have found a patch of relative stability at least for the moment. But that does not mean that the crisis is over.
While we would be the first to admit that we disagree with Jeffrey Sachs on virtually every other issue, on the topic of Hillary Clinton, the ongoing Syria bloodbath which has come to define the geopolitical situation for the past 3 years, and how this is an event that would "surely rival Watergate in shaking the foundations of the US establishment" if the truth were fully known, we agree 100 percent.
Hillary Clinton and the Syrian Bloodbath, by Jeffrey Sachs, originally posted on HuffPo
The US Economy Has Not Recovered And Will Not Recover
Paul Craig Roberts
The US economy died when middle class jobs were offshored and when the financial system was deregulated.
Jobs offshoring benefitted corporate executives and shareholders, because lower labor and compliance costs resulted in higher profits. These profits flowed through to shareholders in the form of capital gains and to executives in the form of “performance bonuses.” Wall Street benefitted from the bull market generated by higher profits.
Submitted by Gregory Copley via OilPrice.com,
The Government of Turkey has now put itself in a position whereby it must act rapidly and precipitously to avoid moving to an ultimately losing strategic position in the war against Syria, which could result in being forced back to fight a full-scale civil war to prevent the break-up of the State into at least two components, one being a new Kurdish state.
As you might have noticed, the Fed made a policy mistake in December.
We could delve deeply into the specifics, but quite frankly it all boils down to this: Yellen hiked right into a recession.
There’s more to it than that obviously, including the fact that EM is circling the drain amid the global commodities rout, meaning excessive USD strength is especially damaging and the fact that the uncertainty swirling around the depth of the ongoing yuan devaluation has markets on edge from Shanghai to London to New York.