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The Other Mission Accomplished?





"...leaving behind a sovereign, sustainable, and self-reliant Iraq," or not...

 
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Hysterical (Or Historical) Blindness





When money and investing is no longer rewarded by business acumen and prowess - rather it’s “Here’s a boatload of cheap money. Throw as much as you can, as fast as you can, at as many as you can, and see what, if any sticks” - that is when you should be looking for where the lifeboats are hanging. Rather, than hanging around on the poop-deck waiting to see if it’s all about to hit a fan. We guess we’re just back to the old turn a blind eye to anything historical. Remember “It’s different this time.” Nothing to see here, move along, don’t fret, no need for concern. Just remember and repeat three times every time there’s reason for concern when the market drops 200 or 300 points out of the blue only to recover all if not more the next day... “The Fed’s got your back, the Fed’s got your back, The……”

 
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How The US Indirectly Armed ISIS With Over 2,300 Humvees





Curious how and why the US is "boosting" US GDP by selling over $4 billion worth of weapons to Israel, Iran and Saudi Arabia, ostensibly to provide these countries with protection against ISIS (the same ISIS, incidentally, which a leaked document last week admitted had been effectively created by the US)?  Simple: by first "losing" a billion dollars worth of Humvees so that, drumroll, ISIS can be the best-armed "terrorist" force in the middle east, a force whose mere presence will demand billions in subsequent military orders from the US military-industrial complex by all those who are threatened by ISIS.

 
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How Much More Extreme Can Markets Get?





These charts help us understand that a top is not just price, but a reversal in extremes of margin debt, valuation and sentiment. Many observers have an unyielding faith that central banks will never let markets decline ever again. There are four flaws in this blind faith...

 
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And Now The Bull's Turn: Jeremy Siegel Explains "No Way There Is A Bubble, No Signs Of Recession"





Having detailed the less status-quo-sustaining side of things, thanks to some frankness from Nobel Prize winner Robert Shiller, who warned "unlike 1929, this time everything - Stocks, Bonds and Housing - is overvalued," we thought it only fair-and-balanced to illustrate the alternative perspective and who better than Jeremy Siegel to deliver it. In his anti-thesis of Shiller's facts, Siegel unleashes textbook dogma to pronounce, "in no way do current levels quality as a bubble", that stock returns should remain supported by fundamentals, there is no sign of a recession in the next 18 months, The Dow's fair-value currently is 20,000, and "not much" could dissuade him from holding stocks.

 
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John Kerry Goes Biking In France, Hits Curb, Breaks Leg; Will Fly Back To US In "Specially Outfitted Aircraft"





Over the years, many have tried to prevent John Kerry from inserting his foot in his mouth and failed. Today, none other than Kerry himself achieved just that, both literally and metaphorically. America's Secretary of State went biking in the French Alps when he hit a curb, and broke his femur. Not to worry: he is expected to make a full recovery and was in good spirits, according to John Kirby. And just to make sure of that, US taxpayers will be invoiced a little over a million so that a specially equipped airplane picks up the SecState "to ensure he remains comfortable and stable throughout the flight."

 
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Will A Robot Steal Your Job?





Will a robot steal your job? It turns out that the answer depends on the prevailing macroeconomic conditions much more than people think.

 
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What's Currently For Sale On The "Amazon For The Super Rich"





There's Amazon, and then there's the aptly named "Posh" - Bloomberg's own internal Craigs List-type marketplace, open only to terminal subscribers. From a "spectacular" new construction French manor in Greenwich, CT, to a $4.3 million "Inside deal, won't last") 3 bedroom loft in Greenwich Village, to countless Aston Martins, Ferraris, Porsches, if the rich (and Libor, equity, gold and FX-manipulating) are selling it, you will find it on Posh.

 
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The Pressure Just Shifted From Greece To The US & EU





Countries like Spain and Portugal may by now scratch their heads about taking a hard line on the Greek issue. They may not have fully realized to what extent the eurozone is indeed a shared commitment. All eurozone nations now have at least another 30 days to think that over. The main risk in that period is that Greece may decide to leave on its own.

 
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We Need Actual Free Trade, Not The TPP





There is no denying that the secret negotiations among unelected elites appointed by TPP members may result in the lowering of trade barriers for selected friends of the global regulators. This cronyist system of rewards and punishments for global favorites, however, should most certainly not be confused with free trade.

 
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China Will Establish No-Fly Zone Over Islands If "Threatened"





"Whether we will establish an ADIZ in the South China Sea will depend on whether our maritime security will be threatened," Adm. Sun Jianguo, deputy chief of staff of the People’s Liberation Army said at a security event in Singapore on Sunday. China also claims its man-made islands in the Spratlys are primarily for providing "international public services." Its regional neighbors aren't so sure.

 
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Creator Of Infamous "Hope" Poster Lashes Out At Obama, Calls Americans "Ignorant And Lazy"





The man who gave America "Hope", the poster, says he has none left.

 
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Russia Wards Off "Provocative And Aggresive" US Warship In Black Sea





While we are used to hearing of the 100s of "close encounters" between NATO and Russian planes,but, as reported by state news agency RIA - citing an anonymous source in Russia's armed forces, Russian military aircraft were scrambled to head off a U.S. warship that was acting "aggressively" in the Black Sea. This appears to be the first reported ship-to-plane 'encounter' and, just as US and China tensions are escalating in the South China Sea, it appears US and Russian military 'discussions' are shifting from words and proxy-fighting.

 
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Russian Pivot: Greece Will "Probably" Join BRICS Bank, Official Says





Greece still has one card left to play in fractious negotiations with creditors: the so-called 'Russian pivot'. Over the course of difficult talks between Syriza and the troika Moscow has, at various times, sought to take advantage of the hostilities between Athens and Brussels by making a series of overtures including the possibility of Greece joining the BRICS bank. Now, at least one Greek official says the country will likely accept the invite.

 
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When, Not If





It's just a matter of time...

 
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