The Latest

Contra Club

How Free Money Corrupts Corporate America: Insider Selling, Stock Buy-Backs, Dodgy Profits

…..this comment succinctly captures the underbelly of Corporate America: massive insider selling, borrowing billions to buy back their own stocks to push valuations to the moon so shares granted as compensation can be sold for a fortune, and dodgy accounting strategies that boost headline profits and hide the gutting of investments in long-term growth.

China’s $25 Trillion Debt Bubble Fracturing: Bad Loans Mount At Big Four Banks

These four mastodons – Industrial & Commercial Bank of China, China Construction Bank, Agricultural Bank of China, and Bank of China – admitted to 384.7 billion yuan ($62.6 billion) of bad loans on their book at the end of June, a 13.2% jump from just six months earlier. The jump in bad loans ranged from 11% at Agricultural Bank of China to 17% at Bank of China.

War Party Working Overtime On Labor Day Weekend: More Hoaxes, Hype, and Hysteria

While Americans were barbecuing over the Labor Day weekend, the Usual Suspects were busy cooking up new wars, from Iraq to Ukraine. While this is nothing new – after all, evil never sleeps – one thing I did notice: the stunning lack of imagination on their part. It was, in effect, the equivalent of a bunch of summer reruns: tired formulaic retreads that weren’t all that convincing in the first place……

S&P Tops 2000 But Weary Consumers On Strike: The Recovery Delusion Gets Obvious

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The propaganda machine is working at hyper speed as the wheels fall off this out of control bus. But all the messaging, packaging, and lies can’t change the facts. Ignorance about the facts doesn’t change the facts…… You mindless consumers simply won’t consume as much as you used to, even with 7 year 0% interest subprime auto loans, $1 trillion of government loans to generate consumption disguised as student loans, and five credit card offers per week from the Too Big To Trust Wall Street cabal. WTF is wrong with you?

The Mother Of All Blowback: How Washington Created ISIS

Worse, the western intervention in Syria produced what is known in the intelligence business as “blowback”- in this case the Mother of all blowback.

The Syrian jihadist supported by the western powers and, for some baffling reason, Turkey, ran amok. A previously unknown band of gunmen known as the Islamic State of Iraq and the Levant were trained and armed in Jordan by CIA, then turned lose on Syria.

Contra News & Views

Sound The Bugle! Washington’s Got War Fever…..Again

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From the highest levels of the Obama administration to the media pundits, emotions are flaring over what the United States should/could do. The act in itself has changed nothing insofar as IS’ threat to the United States and its significance for Middle East politics are concerned. It is the mood that has been transformed. Irresistible impulse is displacing cool deliberation. The flood of commentary, as usual, reveals little in the way of rigorous logic but much in the way of disjointed thinking and unchecked emotion.”

Six Big Lies About The Ukraine: Washington’s Narrative Is Pure Propaganda

What’s actually happening is a civil war between the government of Western Ukraine (which no longer rules the east in any definable way) and the Russian population of Eastern Ukraine. Ukraine has been falling apart for decades—ever since independence. The eventual break-up was inevitable, but the catalyst for it was the military overthrow of Ukraine’s legitimate government and its replacement with cadres hand-picked in Washington.

Washington’s Interventionist Disaster In Syria: Sen. Rand Paul Puts The Wood To Hillary And Barrack

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Our so-called foreign policy experts are failing us miserably. The Obama administration’s feckless veering is making it worse. It seems the only thing both sides of this flawed debate agree on is that “something” must be done. It is the only thing they ever agree on. But the problem is, we did do something. We aided those who’ve contributed to the rise of the Islamic State. The CIA delivered arms and other equipment to Syrian rebels, strengthening the side of the ISIS jihadists.