Those who don’t understand history are doomed to repeat it, those that do understand are doomed to watch in horror while everyone else repeats it.
The latest poll following the attacks in Paris, by Fox News, shows Donald Trump moving ahead of Democrat-front-runner Hillary Clinton (in a head-to-head match up if the election were held today), but it is the turmoiling below the surface of the GOP nominations that is garnering most headlines. After a week or two of hope for GOP leadership, as Ben Carson appeared to catch up to Trump, the retired neurosurgon's lies and weakness on foreign policy ("he clearly has no idea what he's talking about," as one Iowa GOP insider noted), have sent his poll numbers reeling... and Cruz surging.
The hardest questions we are trying to reconcile here are how is that possible to see all these signs of weakness under the surface – including weak commodities, tightening credit, retrenching consumer spending – being balanced by very strong equity markets and upbeat employment picture. One of these sides has to be wrong in its assessment of the current macro environment, and seeing both of them extending well into the future appears unlikely to us.
France doesn't know who he is yet, so if you think you might have seen this guy at any point in the past several months (you know, like if you happen to have been rafting in the Mediterranean lately or maybe if you were recently hanging out with friends in Molenbeek and noticed someone making a suicide belt in the kitchen), you're encouraged to contact French intelligence immediately...
"The Islamic State has grown that strong due to the irresponsible policy of the United States," exclaimed Russian PM Dmitry Medvedev this morning, demanding that "really consolidated efforts" are needed to counter ISIS' terrorist threats. This comes just hours after President Obama toughened his rhetoric, vowing that the global coalition formed to destroy ISIS "will not relent," adding, rather oddly, that the group responsible for the Paris terror attacks is "a bunch of killers with good social media."
Belgium PM Maintains Maximum Terror Alert, Confirms Threat Still "Imminent, Serious"; Civilians Urged To "Remain At Home"Submitted by Tyler Durden on 11/22/2015 - 12:44
All great monetary fiascos are forged upon a foundation of misperceptions and flawed premises. There’s always an underlying disturbance in money and credit masked by supposed new understandings, technologies, capabilities and superior financial apparatus. The notion back in 2006 and 2007 that the world was at the brink of a major crisis was considered absolute wackoism. Incredibly – and well worth contemplating these days - virtually no one saw the deep structural impairment associated with the protracted Bubble in “Wall Street Finance.” An even more momentous monetary fiasco has been perpetrated since the 2008 crisis, constructed upon a foundation of even more outlandish misperceptions and flawed premises.
Nigel Farage Warned Hollande In 2013, EU Warmongery Will Mean "Unending, Unwinnable Misery" For EuropeSubmitted by Tyler Durden on 11/22/2015 - 11:27
"The EU is increasingly about war," exclaimed the outspoken UKIP leader in 2013 in front of Francois Hollande and his European parliamentarian peers... "taking on fundamentalist, radical Islam in battle is something that will launch ourselves... on a decade of unending, unwinnable misery."
“Brazil is confronting a toxic combination of a primary budget deficit, high public debt (relative to EM countries), very high real interest rates (the Selic stands at 14.25%), sluggish trend growth, a negative commodity price shock and potential contingent liabilities for the sovereign, which together spell trouble for public debt dynamics.”
After calling repeatedly for the US to stop supporting militants in an effort to oust the Assad government in Syria, Hawaii Congresswoman Gabbard has now introduced bi-partisan legislation to put an end to what she calls an "illegal", CIA-sponsored war.
Spot rates for transporting containers from Asia to Northern Europe have crashed a stunning 70% in the last 3 weeks alone. This almost unprecedented divergence from seasonality has only occurred at this scale once before 2008!
US, French Aircraft Carriers Rush Toward Syrian Coast To Find Numerous Russian Warships Already ThereSubmitted by Tyler Durden on 11/21/2015 - 22:00
In a few weeks time the east Mediterranean is about to become a warship and aircraft carrier parking lot, with the Truman and de Gaulle side by side, just as we predicted it would be a month ago when we said that the summer of 2013 naval scenario is unfolding once again, and where another half a dozen (at least) Russian warships are already located in what has all the makings of a historic Gulf of Tonkin redux.
There are so many strands of lies and distortions that it is now almost impossible for Official Washington to disentangle itself from all the false narratives that the neocons and the liberal hawks have spun in support of their various “regime change” strategies. So, the American people are left with the mainstream U.S. news media endlessly repeating storylines that are either completely false or highly exaggerated. Official Washington’s many false narratives about Russia and Syria have gotten so tangled that they have become a danger to the struggle against jihadist terrorism and conceivably a threat to the future of the planet.