Road To World War III: Turkish Army Enters Syria After Second Day Of Shelling As Saudi Warplanes ArriveSubmitted by Tyler Durden on 02/14/2016 - 09:43
On Saturday, the geopolitical world was shocked when Turkey began shelling Aleppo, where the Syrian opposition has its back against the wall in the face of an aggressive advance by Hezbollah and the IRGC backed, of course, by Russian airstrikes. On Sunday, the world continued down the road to a global conflict as Turkish shelling continued unabated and Saudi warplanes arrived at Incirlik.
In the spirit of the transparency - of which the Obama administration claims to be a champion - there will be no details regarding the allocation of non-military intelligence spending in the president’s final budget request to Congress... “because such disclosures could harm national security.”
Why Commercial Real Estate Is Next: 'Challenging Technicals' Are About To Become 'Weak Fundamentals'Submitted by Tyler Durden on 02/14/2016 - 10:26
There is a growing sense of tighter financial conditions, particularly to the commercial real estate sector. Late last year the regulators issued a joint statement on Prudent Risk Management for Commercial Real Estate Lending and the latest Senior Loan Officer Opinion Survey (SLOOS) shows that banks tightened their lending standards to commercial real estate meaningfully in 4Q15.... The growing sense of gathering clouds in terms of tightening financial conditions to commercial real estate translates into a more challenging road ahead for US commercial real estate.
Moments ago the judicial world was hit with what is the most significant news since the passage of Obamacare, when the San Antonio Express first reported that one of the more, if not most, conservative Supreme Court Justices, Antonin Scalia, was found dead of apparent natural causes Saturday on a luxury resort in West Texas. Scalia, 79, died in his sleep. A government official said Scalia went to bed Friday night and told friends he wasn't feeling well.
Turkey Fires On Syrian Army, Kurds, Says "Massive Escalation" In Syria Imminent As Saudis Ready AirstrikesSubmitted by Tyler Durden on 02/13/2016 - 23:36
It's do or die time for Saudi Arabia, Turkey, and Qatar as Russia and Hezbollah are set to rout the Syrian opposition at Aleppo. In what very well may be a prelude to world war, the Saudis have sent warplanes to Turkey's Incirlik airbase while Ankara has begun shelling the Kurds in Aleppo on the way to promising a "massive escalation" within 24 hours.
Central bankers regularly lie to us to obscure the larger, ongoing globalization of finance. We're not supposed to notice what's going on behind the curtain. But we better start.
"I trust that many of you are familiar with the story of Peter Pan, in which it says, the moment you doubt whether you can fly, you cease forever to be able to do it. Yes, what we need is a positive attitude and conviction. Indeed, each time central banks have been confronted with a wide range of problems, they have overcome the problems by conceiving new solutions."
On the same day Syrian President Bashar al-Assad claimed his fighters would retake the entire country “without hesitation,”unnamed American defense officials revealed to the Daily Beast that the same Iraqi militias who were previously fighting ISIL alongside the U.S. are now actively collaborating with Russian and Iranian forces to “crush” American-backed rebels in Aleppo.
"The world has fundamentally shifted over the last decade, especially since we’ve emerged from the Great Recession... But the professional class has been very slow to understand what is going on, not just quantitatively but qualitatively in a new generational configuration that I call the Fourth Turning. They don’t accept the new normal. They keep insisting, just two or three years out there on the horizon, that the old normal will return – in GDP growth, in housing starts, in global trade. But it doesn’t return."
With so much riding on the American "consumer" - given the collapse of the US manufacturing industry and massive mal-investment over-stocking falsely signalled by The Fed's "help" - one wonders just what happens next as the Services economy begins to roll over and the gap between the consumer and industrial America - which has never, in over 30 years, been wider - converges back to a new normal dystopia.
One of the more bizarre memes that continues to be parroted by the establishment media is this idea that Hillary Clinton is so much stronger than Bernie Sanders when it comes to foreign policy. Sure, if your definition of “strength” consists of cheerleading for the cataclysmic Iraq War and propagating a series of war crimes and international fiascos as Secretary of State, then I suppose that’s true.