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No End to War in Sight

If you believed America’s longest war, in Afghanistan, was coming to an end, be advised: It is not.

Departing U.S. commander Gen. John Campbell says there will need to be U.S. boots on the ground “for years to come.” Making good on President Obama’s commitment to remove all U.S. forces by next January, said Campbell, “would put the whole mission at risk.”

"Billions Lost"

"Billions Lost"

Submitted by Lance Roberts via RealInvestmentAdvice.com,

Companies Lose Billions On Stock Buybacks

I recently wrote an article about why “Benchmarking Your Portfolio Is A Losing Bet.” In that missive, I discussed all the things that benefit a mathematically calculated index versus what happens in an actual portfolio of securities. One of those issues was the impact of share buybacks:

OPEC Will Not Blink First

OPEC Will Not Blink First

Submitted by Arthur Berman via OilPrice.com,

An OPEC production cut is unlikely until U.S. production declines by about another million barrels per day (mmbpd). OPEC won’t cut because it would accomplish nothing beyond a short-term increase in price. Carefully placed comments by OPEC and Russian oil ministers about the possibility of production cuts achieve almost the same price increase as an actual cut.

Bad News About The Oil Over-Supply from IEA and EIA

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