What Could Possibly Go Wrong

China’s Largest Conglomerate Is On The Verge Of Bankruptcy

"Despite being one of China’s largest conglomerates, HNA has been shut out of stock and bond markets as lenders worry about its outsized debt load, forcing the company to pledge some of its core holdings as collateral for short-term loans, as the Wall Street Journal reported last month. And yet, even as the company resorted to loaning out shares and entering into arcane derivative financing agreements to finance its debt-service payments, it quickly found out that traditional avenues of financing are disappearing or becoming too costly."

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401(k) millionaires are bragging and posting their balances to social media

"In what many will see as the latest sign of investor euphoria — and of our society’s oversharing epidemic — sharing your 401(k) balance on social media seems to have become a thing. With the Dow Jones Industrial Average and the S&P 500 index hitting record after record since President Trump’s election in November 2016, the question, 'How’s your 401(k) doing?' has become a staple in his speeches at campaign-style rallies and fundraisers. And 401(k) balance shoutouts have become a staple among his supporters — and detractors — on Twitter."

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Yellen Says Prices `High’ for Stocks, Commercial Real Estate

"Outgoing Federal Reserve Chair Janet Yellen said U.S. stocks and commercial real estate prices are elevated but stopped short of saying those markets are in a bubble. 'What we look at is, if stock prices or asset prices more generally were to fall, what would that mean for the economy as a whole?' Yellen said. 'And I think our overall judgment is that, if there were to be a decline in asset valuations, it would not damage unduly the core of our financial system.'"

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Bank of Japan Panics At Surging Rates, Offers To Buy Unlimited Debt

"As global bond yields break ever higher, it appears The Bank of Japan is realizing it is losing control of its yield curve and today unleashed a double-whammy to stifle the bond bears... Whammy 1 - BoJ offers to buy unlimited 10Y notes at 11bps. Result - a 0.5bps drop in the JGB yield!!"

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Blowback: How ISIS Was Created by the U.S. Invasion of Iraq

"In Iraq, the U.S. morphed from heroic liberators into brutal occupiers within a matter of weeks. In Fallujah, which would later become an ISIS stronghold, U.S. troops opened fire on a crowd of peaceful protesters in April 2003, killing and wounding dozens of Iraqis. The shootings, the torture, the general chaos, all helped drive thousands of Iraqis from the minority Sunni community into the arms of radical groups led by brutal gangsters, such as Abu Musab al-Zarqawi. Zarqawi’s Al Qaeda in Iraq, formed in 2004 to fight U.S. troops and their local allies, was a precursor organization to … ISIS."

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Media reports US stealth bombers in Guam preparing for nuclear strike

"Not only will the B-61's new modification make it ideal for destroying dug-in bunkers, the kind in which North Korean leader Kim Jong Un might hide during a conflict, but it has an adjustable nuclear yield that could limit harmful radioactive fallout after a nuclear attack."

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Trump Nuke Plan Resets the Doomsday Clock

"The 2018 NPR eschews traditional nuclear disarmament pathways in favor of a more aggressive posture that seeks to make nuclear weapons more accessible to American policymakers when formulating deterrence. The possibility of a tit-for-tat exchange of cyberattacks that escalates into a nuclear conflict would previously have been dismissed out of hand; today, thanks to the 2018 NPR, it has entered the realm of the possible."

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By reversing policy in Syria, the US is fuelling more wars in the Middle East

"It was a bad moment for the US to stir the pot by saying it would stay in Syria and target Assad and Iran. A Kurdish-Turkish war in northern Syria will be a very fierce one. The US obsession with an exaggerated Iranian threat – about which, in any case, it cannot do much – makes it difficult for Washington to mediate and cool down the situation. Trump and his chaotic administration have not yet had to deal with a real Middle East crisis yet and the events of the last week suggest that they will not be able to do so."

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American Paths, Chosen and Not (1989-2018)

"If I were to pick a single decision by an American president and his team in this century as our own August 1914, I would choose the invasion of Iraq in the spring of 2003. Of course, in that era of the 'sole superpower,' there were no other great powers (as in the World War I moment) ready to leap into the fray, so the unraveling that followed across a significant part of the planet would prove not to be a world war but a one-power hell on Earth. And it’s continued to unfold over nearly a decade and a half."

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Pat Buchanan: Too Many Wars. Too Many Enemies.

"Like the Romans, we have become an empire, committed to fight for scores of nations, with troops on every continent, and forces in combat operations of which the American people are only vaguely aware. As in all empires, power is passing to the generals. And what causes the greatest angst today in the imperial city? Fear that a four-page memo worked up in the House Judiciary Committee may discredit Robert Mueller's investigation of Russia-gate."

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