Archive For: July 2015

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Washington's Plan To Arm "Moderate" Syrian Rebels Is A Farce-----Only 54 Trainees To Date, And Now Nusra Front Captured Their Commander

Those fighters — 54 in all — suffered perhaps their most embarrassing setback yet on Thursday. One of their leaders, a Syrian Army defector who recruited them, was abducted in Syria near the Turkish border, along with his deputy who commands the trainees. They were seized not by the Islamic State but by its rival the Nusra Front, an affiliate of Al Qaeda that is another Islamist extremist byproduct of the four-year-old Syrian civil war.

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Hedge Funds Walloped In Commodities Rout

Three years after private-equity giant Carlyle Group CG 0.30 % LP touted its purchase of a hedge-fund firm, a rout in raw materials has helped drive down holdings in its flagship fund from about $2 billion to less than $50 million, according to people familiar with the matter.

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Chart Of The Day: Two 16-Year Paths To Nowhere------Italy Versus Greece

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The Virtuous Emerging Market Cycle Is Turning Vicious-------Echoes Of The 1997 Asian Crisis

Given that some two-thirds of Wall Street traders have never experienced a Fed tightening cycle, SocGen's Albert Edwards is not surprised he gets blank looks when he tries to explain how recent events in commodity and EM markets are in many key ways similar to the 1997 Asian crisis.

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Central Bankers Take Another Victim: Brazil Going Down For The Count

Sticking with purely financial expression of the eurodollar standard it is easy at times to forget such monetary influence has very real consequences. That is true in the US in particular, as even though the recovery is both deficient and waning it isn’t the disaster it is in other, connected places. It was, after all,...

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The Neo-Nazi Monsters of Kiev-----Off-Spring Of Neocon Regime Change In Ukraine

We’re in the summer doldrums of the news cycle, a perfect time for our government and the media – or do I repeat myself? – to drop certain inconvenient stories down the Memory Hole. My job, of course, is to retrieve them…. Remember Ukraine? I seem to recall blaring headlines about a supposedly “imminent” and […]

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Rabbit-Hole Math: How Chicago Mayor Rahm Emanuel Is Trying To Make A Bad Financial Crisis Worse

Mayor Rahm Emanuel proposed issuing $500 million of bonds this week in an ordinance that would permit the use of capital appreciation bonds, where borrowers postpone interest and principal payments into one big sum at the end of the term.

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German Finagling of Rules, Bailouts and Bond Markets Send Eurozone Hurtling Toward Oblivion

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Housing Boom 2.0-------Soaring Prices, Plunging Homeownership

Ironic Fly in the Ointment of Our Magnificent Housing Bubble 2.

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The Lessons From Turkey's Intervention: Our Friends Can't Choose Our Enemies

After World War II, when Stalin encroached upon Turkey and Greece, Harry Truman came to the rescue. Turkey reciprocated by sending thousands of troops to fight alongside our GIs in Korea. Turkey joined NATO and let the U.S. station Jupiter missiles in their country. When JFK secretly traded away the Jupiters for removal of the […]

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