Debt Market Cracks Expanding as Cycle Impact Intensifies
"Every single major world central bank is either raising rates, cutting QE, or both."
"Every single major world central bank is either raising rates, cutting QE, or both."
"The difference between bulls and bears hasn't been this high in 30 years, according to Investors Intelligence. The last time investor sentiment was this far apart, stocks rallied – until they didn’t. The Dow Jones Industrial Average collapsed 22 percent on Oct. 19, 1987, the worst one-day selloff in history. Euphoria is a dangerous stage in the market cycle -- when investors feel invulnerable and start to overpay for stocks. They become complacent with the expectation that they can sell their stocks to a 'bigger sucker.'"
" U.S. efforts, primarily focused on training allies and proxies, are flawed, often ineffective, and can have destabilizing effects on countries that military operations are meant to strengthen, according to experts. Cast as benign training operations, they can lead to unforeseen consequences and dangerous blowback."
"The practice of using questionable legal logic to justify military operations is not unique to the Trump administration. In fact, our last president engaged in similar maneuvers. Barack Obama rationalized his use of military force in several countries with reference to the 2001 AUMF, as well as to a second AUMF issued in 2002. The 2002 AUMF was granted to Bush by Congress specifically to remove Saddam Hussein from Iraq. That license ended once that purpose was accomplished."
"The Saudi air force shot down the alleged weapon on Saturday, Al Arabiya reports, adding that no damage has been caused. The missile was allegedly aimed at the King Khalid International Airport. Yemeni Houthi forces have claimed responsibility for the attempted strike, Al Jazeera reported, citing a spokesman for the rebels. A missile with a range of more than 800 kilometers (500 miles) was launched toward Riyadh late Saturday, having flown more than 500 kilometers (300 miles) over the border."
"Prominent billionaire, member of the royal Saudi family, and one of the biggest shareholders of Citi, News Corp. and Twitter - not to mention frequent CNBC guest - Al-Waleed bin Talal, along with ten senior princes, and some 38 ministers, has been arrested for corruption and money laundering charges on orders from the new anti-corruption committee headed by Crown Prince Mohammed bin Salman, while Royal princes’ private planes have been grounded."
"The evidence for a conspiracy organized at the deepest levels of the intelligence apparatus is overwhelming. James Douglass presents it in such depth and so logically that only one hardened to the truth would not be deeply moved and affected by his book."
"Post 9/11 authorization to use military force has been used to intervene in 19 countries. Congress ought to reclaim its authority to declare war, explains Col. Larry Wilkerson."
"That planned modernization would increase the total costs of maintaining the current number of nuclear weapons and delivery system by 50 percent over normal operating costs, according to the CBO. The trillion-dollar question on everybody’s mind is: How exactly will the US government foot the bill for such a massive program?"
"They didn't find any drugs on her, but handcuffed the teen anyway before coercing her into sex, her attorney, Michael David, told the New York Post. The detectives, from NYPD's Brooklyn South narcotics squad, have not denied that they engaged in sex acts with the alleged victim, but claimed they were consensual."