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The Complete Debt Ceiling Decision Tree: "An Alarmingly High Probability Of A Very Bad Outcome"

The Complete Debt Ceiling Decision Tree: "An Alarmingly High Probability Of A Very Bad Outcome"

For all the breathless newsflow over the past 7 days, the single most consequential event of last week was the sudden jump in debt ceiling/government shutdown odds following Donald Trump's confrontational Phoenix speech, which laid out a problematic dilemma: Trump's Mexican wall, or a government shutdown. While various financial pundits rushed to discount the odds of a worst case scenario, the market - in Treasury bills, if not so much equities - was spooked, sending the "pre-post default bill" spread to the widest on record...

Korea, Afghanistan, And The Never-Ending War Trap

Korea, Afghanistan, And The Never-Ending War Trap

Authored by Pepe Escobar via Asia Times,

While the US-backed 'Hunger Games' in South Korea plow on, a 'new strategy' for Afghanistan is really all about business. But China is already there...

There are more parallels between an unfinished 1950s war in Northeast Asia and an ongoing 16-year-old war in the crossroads between Central and South Asia than meet the eye.

Let’s start with North Korea.

Once again the US/South Korea Hunger Games plow on. It didn’t have to be this way.

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