United States

NATO and Saudi Arabia are set to discuss Riyadh’s proposal for troop deployment to Syria under the pretext of fighting ISIS, according to reports. Saudi Arabia, Bahrain and the United Arab Emirates have all expressed their readiness to send ground troops to Syria as part of the US led coalition. Press TV reports: Saudi media quoted NATO sources as saying on Monday that Saudi Defense Minister and Deputy Crown Prince Mohammad Bin Salman is scheduled to attend the Western military alliance’s meetings in Brussels this week to hold talks on Riyadh’s plan for ground intervention into Syria.

Back in the summer of 2011, when we reported that Canadian banks appear dangerously undercapitalized on a tangible common equity basis...

... the highest Canadian media instance, the Globe and Mail decided to take us to task. To wit:

Were the folks at Zerohedge.com looking at the best numbers when they argued that Canadian banks were just as levered as troubled European banks?

 

Everyone's favorite permabullish meteorologist, Deutsche Bank's very own Joe LaVorgna, has gone full-Zero Hedge of late, dropping the weather excuses for a decidedly bearish take on the state of the US economy. 

Indeed it was just last month when LaVorgna cut his Q4 GDP estimate by "one full percentage point" citing "softer than expected data."

Ever since early 2015, we have repeated that with the world caught in a negative rate "race to the bottom", which even S&P now admits, it is inevitable that the US will join the rest of the DM central banks, especially after the flawed and much delayed attempt to hike rates into what is at least a quasi recession.

Submitted by Yonathan Amselem via The Mises Institute,