Authored by Wolf Richter via WolfStreet.com,
This is where Hype Goes to Die...
Yesterday was the monthly moment of truth for automakers in the US. They reported the number of new vehicles that their dealers delivered to their customers and that the automakers delivered directly to large fleet customers. These are unit sales, not dollar sales, and they’re religiously followed by the industry.
Authored by Sven Henrich via NorthmanTrader.com,
No period is worse for bears than when it’s the best time to sell stocks. It’s the polar opposite of when conditions are worst for bulls, right when it’s the best time to buy as it was in January-March 2009. The exhaustion factor is enormous. It’s called capitulation as moves get stretched to the extreme even though the set-up is valid.
Just days after Pyongyang launched its most advanced ICBM, one which experts warned has the potential to hit a target anywhere on the territory of the United States, North Korea said the U.S. is “begging” for a nuclear war by planning the “largest-ever” joint aerial drill with South Korea just after concluding an exercise with nuclear-powered aircraft carriers, Bloomberg reported.
Authored by M K Bhadrakumar via The Asia Times,
As on the soccer field in his youth, so in a tumultuous political career spanning four decades: Turkey’s president Recep Tayyip Erdogan has consistently shown his mettle as a fighter who won’t be satisfied with anything short of total victory.
But in the battle that is now unfolding around him, and which is besieging him, there isn’t going to be a winner.
Submitted by South Front
On Friday a senior US official told Reuters that US President Donald Trump may deliver a speech next Wednesday recognizing Jerusalem as Israel’s capital.
Some Middle East experts speculate that such a move will be a major blow to the US relations with Arab countries and the Israeli-Palestinian peace process. No US president or any western leader have ever recognized Israel’s control over all of Jerusalem.