Unless the U.S. wants to confront these players directly, it has no choice but to accept that they have lost a war they directly and indirectly started through covert CIA operations that began in 2011 (and as some would argue, well before that).
"Supply continues to feature the cross currents of rising low-cost supply, declining high-cost production, and new project ramp up. In fact, marginally more bearish data recently than we had assumed suggests in our view that the recent price rally should stall... While discussions of an OPEC freeze and a weakening dollar have been catalysts for the sharp reversal in oil prices this month, we believe neither will be sufficient to support prices much further"
As of last Friday, taxi drivers in New York City no longer have to pass an English proficiency exam to get behind the wheel... Which makes perfect sense, because communicating with passengers is not really a big part of the job.
"... Then within two weeks, clean water supplies would run out. Within four weeks to eight weeks, there wouldn’t be coal delivered to power plants and electricity would start shutting down. And when that happened, about a quarter of our pipelines use electricity, and so natural gas plants wouldn’t be fed natural gas and they’d start shutting down. It’s a big interdependent system. That’s part of the problem..."
Instead of impeachment proceedings and his ultimate resignation for the juvenile break in at the headquarters of the nation’s other ruling crime syndicate, Nixon should have been imprisoned for this deliberate and destructive act which has led, in large measure, to the nation’s crushing and insurmountable debt burden, reoccurring booms and busts, and now economic stagnation.
According to Jeffrey Miller, "all the conditions for a market crash are in place" but when it happens is anyone's guess and ultimately depends on "how dumb things will get before" central banks finally stop.
The FBI’s year-long investigation of Hillary Clinton’s private email server uncovered tens of thousands more documents from her time as secretary of state that were not previously disclosed by her attorneys. Worse still, as Judicial Watch details, “it looks like the State Department is trying to slow roll the release of the records."
In an effort to ward off immigrants, Hungary had placed eerie 'scarecrow-like' masks - fashioned from vegetables - along its border fence. Responding to remarks that "your root vegetable heads will not deter them," Hungarian politician (and MEP) Gyorgy Schopflin, snapped back that he agreed, adding that "pig’s heads would deter more effectively." His comments were not well met...
The German government's civil defence plan has been strongly condemned by the opposition party Die Linke (the Left Party), who accused Merkel that her proposal could result in a public frenzy. “By bringing out new plans all the time, the government could make people afraid people and even lead them to panic buy,” Dietmar Bartsch, co-chair of Die Linke told the Rheinische Post on Monday.
Investors should check their ideologies and personal politics at the door. The fact is, that strong and enduring capital markets can only survive in truly capitalist economies, preferably with strong representative governments. With accretive capital formation in question, it occurs to us that the largest global capital markets have become little more than tools for Marx’s "ruling class" - in this case well-funded politicians and their patrons - to socialize the factors of production. Whether such a conclusion is good, bad or irrelevant to market performance is the focus of this report.
When it’s clear the game has become rigged, it’s easier and less risky to stop playing that game, and go play a different game somewhere else... There is a huge disincentive to step boldly in the direction of sanity... which serves as a dangerous feedback loop to reinforce a false narrative that everything is awesome and under control.
Update: As we learned moments ago, Ryan Lochte has now lost his last two remaining sponsorships, those with Airweave and Gentle Hair Removal, meaning as of this moment, his Rio gas station "exager-gate" stint has cost him all of his future advertising endorsement.