Another day, another fresh all-time record low in The Baltic Dry Index as Deutsche Bank's "perfect storm" appears ever closer on the horizon. Plunging 4.7% overnight to 445 points, this is 20% lower than the previous record low in 1986 and as one strategist warns, "It’s a brutal start of the year, there’s just nowhere to hide on the market."
With a new wave of terrorism, mass shootings and unprecedented social violence around the globe now a part of the daily routine for billions of people across both developed and developing nations, one group wants to be certain there is no chance of "close encounters", violent or otherwise, with the peasantry during its upcoming annual boondoggle at the World Economic Forum in Davos.
A man has been shot dead at a Paris police station wearing a fake explosive vest and carrying a sheet of paper featuring the ISIL flag. The man was killed as he tried to enter a police station in Paris, wielding a knife. The incident comes on the one-year anniversary of the attack on the Charlie Hebdo magazine Euro News reports: Reportedly shouting ‘Allahu Akbar!’, meaning ‘God is great’, he was gunned down by officers in the northern 18th district, not far from Montmartre. Some reports said his weapon was a meat cleaver.
Submitted by John Rubino via DollarCollapse.com,
One of the (many) fascinating things about this latest global financial crisis is that there’s no single catalyst. Unlike 2008 when the carnage could be traced back to US subprime housing, or 2000 when tech stocks crashed and pulled down everything else, this time around a whole bunch of seemingly-unrelated things are unraveling all at once.
Saudi warplanes attacked Iran’s embassy in the Yemeni capital Sanaa on Wednesday nigh, injuring a number of embassy staff, according to Iran’s Foreign Ministry. Rudaw reports: “This deliberate and intentional act by the Saudi Arabian government is in violation of all international conventions and legal treaties regarding the protection and impunity of diplomatic compounds under all circumstances.” The spokesman of Iran’s Foreign Ministry, Hossein Jaberi Ansari told Iran’s state television.