History Repeating

Sen. John McCain makes unannounced visit to Syria to meet with rebel forces

"The senator did not comment on his trip. Rebel sources told the news they were thankful for McCain’s decision to visit Syria, calling it 'very important and very useful.' 'What we want from the U.S. government is to take the decision to support the Syrian revolution with weapons and ammunition, anti-tank missiles and anti-aircraft weapons,' Syrian Free Army Gen. Salem Idris told reporter John Rogin. 'Of course we want a no-fly zone and we ask for strategic strikes against Hezbollah both inside Lebanon and inside Syria.' McCain entered Syria through Turkey with the help of an American nonprofit called the Syrian Emergency Task Force, which works to support the rebels." Continue reading →

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The deeper agenda behind Japan’s “Abenomics”

"The policy known as 'Abenomics' is a mix of monetary easing, stimulative spending and growth-inducing steps including deregulation in sectors such as energy. Some Abe allies worry that a hasty push for constitutional changes could upset voters who want the focus to stay firmly on the economy - repeating a mistake seen as a key factor in Abe's first failed attempt to govern. 'He wants to achieve what he left undone - to break free of the ‘post-war regime',' said Koichi Hagiuda, a lawmaker and special aide to Abe. 'What is most symbolic of that is the constitution that was drafted in one short week under (U.S. General Douglas) MacArthur's Occupation.'" Continue reading →

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The Dark Side of Liberation: Rape By American Soldiers In WWII France

"The soldiers who landed in Normandy on D-Day were greeted as liberators, but by the time American G.I.’s were headed back home in late 1945, many French citizens viewed them in a very different light. In the port city of Le Havre, the mayor was bombarded with letters from angry residents complaining about drunkenness, jeep accidents, sexual assault — 'a regime of terror,' as one put it, 'imposed by bandits in uniform.' Ms. Roberts also found a desperate letter from the mayor in August 1945 urging American commanders to set up brothels outside the city, to halt the 'scenes contrary to decency' that overran the streets, day and night." Continue reading →

Continue ReadingThe Dark Side of Liberation: Rape By American Soldiers In WWII France

Schizophrenic investors expect slump, bet on boom

"Some 57pc think there will be no escape from the 'twilight' conditions afflicting the western world, and 20pc expect an full-blown global recession. That is a remarkably bearish set of views. Yet the same investors are overwhelmingly bullish on stocks and property. This schizophrenic exuberance seems entirely based on the assumption that QE and central bank largesse will keep the game going, flooding asset markets with liquidity. Indeed, 80pc think the ECB will cut rates again, and half think it will have to swallow its pride and join the QE club in the end. Four fifths think equities will gallop on upwards over the next year. Complacency is rife." Continue reading →

Continue ReadingSchizophrenic investors expect slump, bet on boom

Peter Schiff: The Biggest Loser Wins

"Never in the course of history has a country's economy failed because its currency was too strong. It's a pathology that simply does not exist. On the other hand, the list of those ruined by weak currencies is extensive. The view that a weak currency is desirable is so absurd that it could only have been devised to serve the political agenda of those engineering the descent. A currency war is different from any other kind of conventional war in that the object is to kill oneself. The nation that succeeds in inflicting the most damage on its own citizens wins the war. The only real way to win is not to play." Continue reading →

Continue ReadingPeter Schiff: The Biggest Loser Wins

Get Ahead of the Pack and Unload Bonds Now

"Why oh why does this love affair continue? Some of it is inertia. People just don’t want to sell what worked for them in 2009, 2010, and early 2011 … even if it isn’t working any more. Some of it is fear. Investors were burned so badly by the 2008 stock market crash, when Treasury bonds were about the only asset class that went up in value, that they’re willing to buy bonds at almost any price. And some of it is the fault of central bankers worldwide. They’re essentially cornering the bond market, making the Hunt Brothers’ infamous cornering of the silver market in the late 1970s and early 1980s look like child’s play." Continue reading →

Continue ReadingGet Ahead of the Pack and Unload Bonds Now

Sam Zell says sell

"At least one notable investor thinks we may be in bubble trouble again. Sam Zell on Thursday at the SALT hedge fund conference in Las Vegas said stocks are due for a fall. The legendary real estate investor thinks the market is out of touch with what is really going on in the economy. 'Right now you are buying at an all-time high,' says Zell. 'And there are times when stocks hit a high, and then go higher, but that's when you have a good economy.' By contrast, Zell said the companies he runs and looks at are still struggling to increase sales. Zell said he was worried about problems in the Middle East and recent aggressive efforts by the Bank of Japan." Continue reading →

Continue ReadingSam Zell says sell

Where’d All the Fear Go?

"There are periods when a given market pegs so far to one extreme or the other that it becomes hard to ignore. Such is the case with the market that measures fear – known by stock investors the world over as 'VIX.' VIX is telling us that fear – at least as it relates to stock prices – is dirt cheap. With what we know about markets and human nature, we do not expect fear to remain cheap forever. VIX is the symbol for the Chicago Board Options Exchange (CBOE) Volatility Index. It measures the volatility embedded into options traded on the S&P 500 (SPX) and reflects investors' 30-day consensus view of the future." Continue reading →

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Is This the Best Time for Investors? Don’t Bet On It.

"The stock market is expecting a massive new economic boom, with accelerating growth, widening prosperity and expanding profit margins. Meanwhile, the bond market sees the economy remaining in a funk, with slow growth, widespread unemployment and low inflation. Obviously, they can't both be right. Ominously, though, they could both be wrong. For the first time in 50 years, U.S. investors in a balanced portfolio of stocks and bonds face the near-certainty that they will lose money on a large chunk of their investments, after accounting for inflation—and a significant risk that they will lose money on all of them." Continue reading →

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In Argentina, there’s a gorgeous apartment for sale and it only costs 409 Bitcoins

"Argentina is dangerously nearing another economic collapse, and few have forgotten the country’s crippling default in 2001 that prompted a flash devaluation of the Argentine peso, which effectively halved the country’s wealth. If Argentina defaults on its debt again, which could happen very soon, no one wants to be caught off-guard. So, Argentines are scrambling to store their wealth in anything but the volatile Argentine peso. That’s where Bitcoin comes in." Continue reading →

Continue ReadingIn Argentina, there’s a gorgeous apartment for sale and it only costs 409 Bitcoins