United States

Ever since 2012 we have warned that one of the biggest threats arising from the US student loan bubble - which is no longer disputed by anyone except perhaps members of the outgoing administration - is not that it is soaring at an unprecedented pace, that's obvious for anyone with the latest loan total number over $1.4 trillion, rising at a pace of nearly $100 billion per year, but that the government - either on purpose or due to honest miscalculation - was not correctly accounting for the true extent of delinquencies and defaults.

With just 24 hours left in Obama's tenure, the U.S. president launched his final airstrike on ISIS after two B-2 bombers carried out airstrikes on two ISIS camps in Libya overnight, defense officials said Thursday, part of an operation targeting militants driven out last year from their coastal stronghold. The stealth bombers struck jihadis 45 kilometers southwest of Sirte, located halfway between Tripoli and Benghazi.

A map showing location of Sirte, Libya.

After yesterday's speech by Janet Yellen which signaled a path of steady interest rate increases and was perceived as hawkish, the dollar rebounded, Asian shares slipped and government bond yields jumped to multi-week highs on Thursday.

Submitted by Wayne Madsen via The Strategic Culture Foundation,

Submitted by Saxo Bank's Martin O'Rourke via TradingFloor.com,