August 27, 2015
Second Quarter GDP Revised Up, as Expected, Led by Autos, Housing
Link: Second Quarter GDP Revised Up, as Expected, Led by Autos, Housing
Hard hitting global and local news
Hard hitting global and local news
Link: Second Quarter GDP Revised Up, as Expected, Led by Autos, Housing
Links Total War in Yemen Totally Ignored by Western Media August 27, 2015 ( Tony Cartalucci – NEO ) – With almost a whimper, the Western media reported that the US-backed regimes of Saudi Arabia, the United Arab Emirates (UAE), and their auxiliary fighters drawn from Al Qaeda have begun carrying out what is the ground invasion of Yemen. Along with an ongoing naval blockade and months of bombing raids, the ground invasion adds a lethal new dimension to the conflict – for both sides. Landing at the port city of Aden on Yemen’s southern tip, it is reported that an "armor brigade" consisting of between 1,000 – 3,000 troops primarily from the UAE are now moving north, their ultimate destination Sana’a, the capital of Yemen.
Durable goods orders this morning leapfrogged all economic estimates (see Durable Goods Orders Surprise to Upside, Led by Autos ). Yet the GDPNow Forecast only rose by .01%
Taken from: Another Wild Ride; Stocks Collapse Into Close; Dip Buyers Hammered; Overhead Supply
Regional Manufacturing Expectations From Mars Last month, economists were excited when the Richmond Fed Manufacturing index unexpectedly rose from 6 to 13. The excitement lasted one month.
Today’s action was not pretty, unless you were a bear. Here are a few charts to consider
Bloomberg reports Panic Grips Emerging-Market VIX in Biggest Jump on Record The rout in markets from China to South Africa triggered a record jump in a gauge of options prices on developing-nation stocks as investors purchased contracts to protect against future declines. The benchmark — called the CBOE Emerging Markets ETF Volatility Index — more than tripled as trading began at 9:30 a.m
Since the first coup in 2006 aimed at his regime, Shinawatra has been represented by US corporate-financier elites via their lobbying firms including, Kenneth Adelman of the Edelman PR firm ( Freedom House , International Crisis Group , PNAC ), James Baker of Baker Botts ( CFR , Carlyle Group), Robert Blackwill ( CFR ) of Barbour Griffith & Rogers (BGR) , Kobre & Kim , Bell Pottinger ( and here ) and currently Robert Amsterdam of Amsterdam & Partners ( Chatham House ). And from 2006 until now, both Western political and media circles have continuously provided favorable spin for Shinawatra and his political proxies. This includes the use of the above mentioned Freedom House and its umbrella organization, the US National Endowment for Democracy (NED) to fund and back nongovernmental organizations (NGOs) and academics in Thailand to provide rhetorical and operation support for Shinawatra and serve as a constant source of sociopolitical subversion aimed at Thailand’s ruling establishment
Mish with Max Keiser in Chicago, Discussing Chicago Economics and Pizza A couple weeks ago I had the pleasure of meeting Max Keiser and Stacy Herbert, downtown Chicago. On the lakefront, in a very informal chat, we discussed the sorry state of affairs regarding Chicago finances and education