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If You Don't Agree With Obama You Are "Peddling Fiction"

Submitted by Simon Black via SovereignMan.com,

If you’re not watching it purely for the entertainment value, sitting through a State of the Union speech ranks somewhere between a colonoscopy and a root canal.

Every year I opt for the former (entertainment value, not colonoscopy).

But because I live overseas, one of the added entertainment benefits is that I’m surrounded by foreigners who are seeing this highly ritualistic propaganda for the first time.

The absurdity starts almost immediately.

Q4 Will Be The Worst U.S. Earnings Season Since The Third Quarter Of 2009

Q4 Will Be The Worst U.S. Earnings Season Since The Third Quarter Of 2009

Couple of things: first of all, any discussion whether the US market is in a profit (or revenue) recession must stop: the US entered a profit recession in Q3 when it posted two consecutive quarters of earnings declines. This was one quarter after the top-line of the S&P dropped for two consecutive quarters, and as of this moment the US is poised to have 4 consecutive quarters with declining revenues as of the end of 2015.

Does The U.S. Have A Middle East Strategy Going Forward?

Submitted by Gregory R. Copley via OilPrice.com,

Senior-level sources in numerous Middle Eastern governments have privately expressed bewilderment at recent and current U.S. government strategies and policies toward the region.

But a closer examination of U.S. policies, now almost entirely dictated by the Obama White House, shows no cohesive national goals or policies exist, but rather an ad hoc set of actions and reactions, which are largely dictated either by ideological positions, ignorance, whim, or perceived expedience.

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