Archive For: August 2014

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Sound The Bugle! Washington's Got War Fever.....Again

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.”

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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.

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Here Comes The Demise Of Housing Bubble 2.0: Home-Flipping Collapses In SF And Other Hot Markets

But flipping has started to run out of air in much of the country. And in the multi-county metro area of San Francisco, flipping collapsed in the second quarter, and flippers for the first time in years, started wading into red ink.

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Your Wall Street Slumlord Arrives in Europe – Goldman and Other Financial Firms Launch “Buy to Rent” in Spain

Now that the financial oligarchs have had their way with the U.S. property market, to the point that average citizens can’t even afford to own a home (Zillow recently showed that 1 in 3 homes are unaffordable), it appears they have turned their sights overseas. What better market for bailed-out bankers to feast on than Spain, with its 50%+ youth unemployment rate and a continued depressed real estate market.....

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Keynesian Fairy Tale Alert: Establishment Citadel---Council On Foreign Relations----Peddles Helicopter Money Plan

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Krugman And The Keynesian Chorus Are Lying: Japan's "Lost Decade" Is A Myth

The truth is that the Japanese and US economies have performed in lock-step since 2000, and their performances have matched each other going as far back as 1980.....

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Pump And Dump VC Style: Kleiner Perkins' Gambit To Shear The IPO Sheep

That was quick! Last November Snapchat was valued at $2 billion in the private VC market; by Q1 that had risen to $7 billion; and yesterday it soared to $10 billion. Gaining $8 billion in market value in just nine months is quite a feat under any circumstance----but that's especially notable if you're are a company with no profits, no revenues and no business model.

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Hillary Clinton's Interventionist Fiascos: Here's Chapter And Verse

The valkyrie of the Democratic Party says she urged President Obama to do more to aid Syrian rebels years ago. And last summer, she supported air strikes on Bashar Assad’s regime. When has Hillary Clinton ever been right on foreign policy? Had we followed her advice and crippled Assad’s army, ISIS might be in Damascus today, butchering Christians and Alawites and aiding the Islamic State in Iraq in overrunning Baghdad.

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Japan's Keynesian Money Printing Experiment Continues To Fail: Jobs, Real Incomes And Spending Plunge Again

Inflation-adjusted household income fell 6.2% in July y/y, extending its slide to a 10th month in a row, according to data released today by Japan’s statistics bureau. That is the longest period of declines since at least 2004......

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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.

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