US Defense Secretary Ash Carter is a man who knows that actions speak far louder than words.
That’s why when Washington’s feud with China over the latter’s land reclamation efforts in the South China Sea reached a boiling point last year, Carter made a trip to the Pacific and had someone snap this picture of him riding in a helicopter with an aircraft carrier visible in the background.
In retrospect it appears Tom DeMark was spot on with his Wednesday prediction, made just as the Dow Jones was down some 500 points that that very day was "an interim low" to be followed by a 5-8% rebound (at which point the selling would resume). In fact, those trading Japanese stocks saw virtually the entire predicted rebound take place in just one day as the Nikkei soared by almost 6% overnight, or nearly 1000 points, the biggest jump in 4 months, while risk everywhere else around the globe has likewise exploded higher, as crude has stormed back over $31/barrel.
Submitted by Lance Roberts via RealInvestmentAdvice.com,
Warning Signs Of A Recession
In late 2007, I was giving a presentation to a group of about 300 investors discussing the warning signs of an impending recessionary period in the economy. At that time, of course, it was near “blasphemy” to speak of such ills as there was “no recession in sight.”
David Frum says that anybody who wants to know why middle America no longer trusts the stewardship of US and global elites should read this Financial Times story about the decline of Boeing. In 1998, after a merger with McDonnell Douglas, the company that used to treat its employees like family turned into a typical American corporate shark focused on delivering shareholder benefits by any means necessary. The piece is based on a recently published book based on two decades of studying Boeing. The authors are academics Leon Grunberg and Sarah Moore.