At the peak of the last financial crisis, as the credit liquidation wave was jumping from one highly levered product to the next, one of the hardest hit sectors was Collateralized Loan Obligations (CLO) space, where the rout and massive P&L losses across most tranches led to a revulsion for new issuance, which effectively shut down the sector for the next 3 years.
American political analyst Dr. Kevin Barrett has said that the entire political establishment in the U.S. have served Israel for decades, and will continue to do so in the future – regardless of who is elected President in the 2016 elections. Barrett says that if Republican candidate Ted Cruz gets elected he will ignore Palestinians completely, offering Israel unwavering support in a show of “shameful subservience”. Presstv.com reports: Speaking at a town hall meeting in South Carolina on Friday night, Cruz said, “Let me tell you this: As president, I have no intention of being neutral.
Submitted by Shoshanna Bryen via The Gatestone Institute,
As the Russians insist that the Assad government is the only legitimate government, all anti-Assad fighters -- ISIS, al Qaeda-related, or U.S.-backed or Turkish-backed "moderates" -- are, by definition, terrorists.
B-1B Lancer bombers covering operations in Iraq and Syria against the Islamic State/ISIS are to return to the U.S. for scheduled cockpit upgrades, according to the USAF Central Command. Russia Today reports: With the B-1 taking a back seat, the campaign may lose a “little flexibility,” but the USAF has plenty of other aircraft to compensate for the deficit, Lt. Gen. Charles Q. Brown, who heads the command, told journalists from his HQ in Qatar. Brown said the bombers would return to Iraq and Syria, but didn’t provide any timetable.
Of all the indicators that the Fed has presented to justify its rate hike mentality and to validate that the US economy remains on a growth path despite clear recessionary signals from both the manufacturing sector and the dramatic tightening in financial conditions in recent months, Yellen's preferred metric also happens to be the most lagging one: nonfarm payrolls and the unemployment rate, both of which supposedly signal the collapsing slack in the labor market and a jump in wages that has been "just around the corner" for years.