The following are six of the most prevalent economic myths that appear time and again in the mainstream media...
"One reason we know voters will embrace populism is that they already have. It’s what they thought they were getting with Obama...He turned out to be something else altogether. Not long ago optimism was in vogue. Obama’s slogan then was “Yes we can.” Today it could be “It turns out we can’t.”"
Imperial Washington is truly running amuck in its insensible confrontation with Vladimir Putin. The latest round of new sanctions is a counter-productive joke. But it is the larger narrative that is so blatantly offensive - that is, the notion that a sovereign state is being wantonly violated by an aggressive neighbor arming “terrorists” inside its borders. Once again, the American Warfare State has confected a false narrative to justify policies and missions that have nothing to do with the safety and security of the citizens of Lincoln NE and Wooster MA. Unfortunately, false narratives are what the Warfare State does.
American Intelligence Officers Who Battled the Soviet Union for Decades Slam the Flimsy "Intelligence" Against RussiaSubmitted by George Washington on 07/29/2014 17:17 -0400
Senior U.S. Intelligence Officers: Obama Should Release Ukraine Evidence
Fourth time was sadly not the charm...
While Malaysian Airlines may have still been flying over warzones, it appears things have become so unstable and dangerous in Iraq that none other than Emirates Airlines has chosen to "re-route' around the troubled nation:
*EMIRATES TAKING PRECAUTIONARY MEASURES TO AVOID IRAQ AIR SPACE
The re-routing is expected to take a few days according to an emailed statement as Emirates joins numerous other airlines in avoiding playing 'missile launcher roulette' with their passenger's lives to save a few bucks on gas. Of course, with the world increasingly at war, airspace (and energy) needs may soon be at a premium once again.
The attached Barron’s article appeared in December 2007 as an outlook for the year ahead, and Wall Street strategists were waxing bullish. Notwithstanding the advanced state of disarray in the housing and mortgage markets, soaring global oil prices and a domestic economic expansion cycle that was faltering and getting long in the tooth, Wall Street strategists were still hitting the “buy” key. In fact, the Great Recession had already started but they didn’t have a clue: "Against this troubling backdrop, it’s no wonder investors are worried that the bull market might end in 2008. But Wall Street’s top equity strategists are quick to dismiss such fears."
While it was already reported that the black boxes of flight MH 17 were supposedly not tempered with, despite early propaganda attempts via planted YouTube clips to claim otherwise (clips which have since disappeared replaced by other propaganda), the question of what the data recovery team operating in London would find was unanswered, until earlier today when CBS reported that "unreleased data" from a black box retrieved from the wreckage of Malaysia Airlines Flight 17 in Ukraine show findings consistent with the plane's fuselage being hit multiple times by shrapnel from a missile explosion.
It was a little over a year ago when the "Mystery Sponsor Of Weapons And Money To Syrian Mercenary "Rebels" Was Revealed" as none other than the uber-wealthy Qatar (also known as the tiny but filthy rich state in the Persian Gulf that hosts the US Fifth fleet, better known as infinite leverage vis-a-vis the United States), which effectively had been pulling the US interventionist strings in hopes of taking out the Assad government and installing a puppet regime, one which would be helpful in facilitating the passage of a natgas pipeline beneath the country, which would then proceed into Turkey and all the way into Europe, as a means of bypassing Europe's reliance on Russia (which as recent events have shown has all the leverage when it comes to Europe). It failed. As a result it had to redirect its puppetmastery skills elsewhere. That "elsewhere" appears to be none other than Hamas,
"there are a number of tech stocks that are caught up in a smaller version of the 1999-2000 internet bubble, and as we mentioned, we created a bubble basket to short them. At this year’s Sohn Investment Conference in May, David presented athenahealth (ATHN), a healthcare IT company, as an example of a bubble basket stock. In response to our assertion that the shares are absurdly overvalued, CEO Jonathan Bush summed things up perfectly a few days after the conference when he told Bloomberg TV, “And those who buy our stock should not be sort of bottom [line] watching value investors. They should be people who dream of a health care cloud.” At Greenlight, dreams do not form the basis of investment theses."
America The Divided: Everyone Knows We Have Problems But There Is Very Little Agreement On SolutionsSubmitted by Tyler Durden on 07/24/2014 21:21 -0400
A house divided against itself will surely fall. America is more divided today than it has been in decades, and the deep divisions that are tearing us apart continue to get even worse. In fact, a newly released Rasmussen Reports national survey discovered that 67 percent of voters believe that America is even more divided now than it was four years ago. What most Americans can agree on is that we are facing tremendous problems as a nation. Unfortunately, there is very little agreement on what the solutions to our problems are.
Passing a European Banking stress test these days is a little like farting - easy to do, mostly hot air, and yet it typically warns of something else coming down that isn't going to be pretty
Just when we thought "the world's marketplace" Amazon couldn't possibly report any uglier quarterly numbers, it goes and proves us wrong. First, it reported an EPS loss of $0.27, vs the $0.15 expected as a result of ($126) million in Net Income. The operating loss was "only" $15 million compared to an expectation of $64 million, however this appears the result of pulling forward wales into Q2 since the Company also announced that the Q3 operating loss would be a whopping $410-$810 million, what would be the biggest operating loss in years. That this will happen even as AMZN expects net sales to grow between 15% and 26% from a year ago to $19.7 - $21.5 billion is truly disturbing.
The Money Market "gates" which we predicted in January 2010 are coming, have finally arrived.