I have been warning that this turning point is not in markets, it is centered in government. The number of issues coming to a head are just mind-blowing from the Catalonia vote to separate from Spain to the resignation of Boehner with non-politicians leading not just in the USA, but everywhere. The elections in Greece was most likely the last vote for any political establishment since the Greeks do not expect any promise to be kept.
Yet today just may mark a very strange event that might be extremely important. Today, Russia gave the US 1 hour notice and began bombing both ISIS and rebels seeking to overthrow the Syrian government. It is extremely curious that this beginning precisely on the day of the ECM. Will this prove to be the start of international war?
Meanwhile, Christine Lagarde of the IMF came out to state today also on the turning point of the ECM that the rate of economic growth this year will probably be weaker than in 2014. I had a meeting in Europe with a former board member of the IMF and we had some very frank discussions. To put it mildly, they are indeed worried. The inflation rate for Euroland just turned NEGATIVE again.
So while cash is now KING, stocks remain vulnerable and commodities have no bid sufficient to change the trend, it appears we are headed into the wonderland of our political-economy.
Putin is bombing Assad’s enemies who are by someone’s insanity our allies. Putin made a heck of a lot more sense at the UN than Hussein and when talking to Charlie Rose so I support Russia and oppose US. How the hell did I become a traitor? Or is the traitor our POTUS and the US State Dept of NEOCONs? Will Hussein get our Navy and USAF into a conflict with the Russian Military? Isn’t it time we stopped this Hitler want-a-be and slam the White House door on his commie muslim ass?
Obomber needs to tread lightly, now he’s pissed off the Ruskies, and they have nukes. I’m glad to see the Russians get into this and mop it up. Those poor refugees, all because of the “Wolfowitz Doctrine”. It’ll be interesting to see what excuse the Pentagon comes up with when ISIS is decimated in about a week.
Government by announcement:
1. When candidates began promising amnesty for illegals in ’08, that was a cattle call for the masses at the border.
2. Today, Trump the candidate gave Putin the green light to enter Syria.
3. Political-economy is an apt phrase, buy the rumor, sell the fact.
President Assad has held on for a long time, a lot longer than any of his contemporaries the FUSA has killed. He must be near the end of his rope and now Russia comes in like the calvary for the save.
My thoughts are leaning not towards what FUSA is going to do, but rather what Putin is going to do the first time the world sees a video of some ragheads cutting a Russian POW’s head off. I have a pretty good idea what will happen, but it’ll be entertaining to see if I’m right.
Lysander, the muzzies kidnapped a Russian ambassador in Lebanon and then cut his head off. The Russians butchered a gaggle of muzzie prisoners and sent them to Lebanon in wood boxes. The Russians have their respect now and a pass on Russian officials kidnappings.