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Tag Archives: Wall Street Journal
Syria: “Not a Proxy War. It’s One Step Closer”
Syria: “Not a Proxy War. It’s One Step Closer” Russia started bombing jihadi bases in Syria today. Given that the the U.S. and its allies are largely responsible for creating ISIS, and that U.S., Turkey and Israel have all been acting as ISIS’ air force – they are not taking too kindly to Russia’s actions. This Wall Street Journal […]
The Peak Oil Crisis: A $4 Trillion Hole
The Peak Oil Crisis: A $4 Trillion Hole Last week reporters at the Wall Street Journal sat down and did some arithmetic. They looked at how much oil was selling for in the spring of 2014 (over $100 a barrel); looked at what it is selling for today (under $50); and concluded that if prices […]
Pentagon Plans to Boost Drone Flights 50% as Bernanke Warns Cutting Defense Spending Could Hurt Economy
Pentagon Plans to Boost Drone Flights 50% as Bernanke Warns Cutting Defense Spending Could Hurt Economy In the event you were becoming concerned that the U.S. government might be backing away from its longstanding policy of endless violence, militarism and bloodshed, fear not. If we know one thing for sure, it’s that defense contractors and […]
4 Mainstream Media Articles Mocking Gold That Should Make You Think
4 Mainstream Media Articles Mocking Gold That Should Make You Think For those of you who have been reading my stuff since all the way back to my Wall Street years at Sanford Bernstein, thanks for staying along for the ride. I appreciate your support immensely considering that I essentially no longer write about financial markets […]
One Economic Datapoint, Two Vastly Different Interpretations
One Economic Datapoint, Two Vastly Different Interpretations Earlier today, Case-Shiller reported that in May, housing prices dropped by 0.18%, the biggest decline since July 2014. Hardly a euphoric validation of the Fed’s rate hike intentions. So what was the mainstream media’s take on the topic? It all depends on who you ask. Reuters: or the WSJ. […]
Making Excuses for Saudi Misbehavior
Making Excuses for Saudi Misbehavior Exclusive: Saudi-Israeli apologists are doing back flips to justify why the U.S. interest in having peaceful relations with Iran should take a back seat to sectarian and regional desires of Riyadh and Tel Aviv, including that peace with Iran will cause the Saudis to misbehave even more, notes Daniel Lazare. As the former publisher of […]
How to Prepare for a Cyber Attack
How to Prepare for a Cyber Attack There is a lot of debate on whether Wednesday’s computer issues that shut down the New York Stock Exchange, the Wall Street Journal, and United Airlines were just a very strange coincidence (very strange) or a deliberate cyber attack. This isn’t the first possible cyber attack on the United […]
What In The World Just Happened To The New York Stock Exchange?
What In The World Just Happened To The New York Stock Exchange? Do you believe that the New York Stock Exchange shut down because of a “technical glitch” on Wednesday? At 11:32 AM on Wednesday morning, trading on the New York Stock Exchange was halted due to “internal technical issues”, and it did not resume […]
Greece Caves, Formally Requests ESM Bailout: Full Headline And Next Steps Summary
Greece Caves, Formally Requests ESM Bailout: Full Headline And Next Steps Summary As we reported yesterday, following the latest European leaders summit, Greece was given until the end of the week to come up with a proposal for sweeping reforms in return for loans that will keep the country from crashing out of Europe’s currency […]
Greece Rejects “Totally Unaccepetable” IMF Counterproposal Demanding Pension Cuts, VAT Hike
Greece Rejects “Totally Unaccepetable” IMF Counterproposal Demanding Pension Cuts, VAT Hike As reported earlier and as tipped here on Monday, markets will have to call off the party for now because the focus of the Greek debt deal negotiations has now shifted back to Brussels after all eyes had turned briefly to Athens on Tuesday […]
Pathetic Zombie Wars
Pathetic Zombie Wars Our New Friend, al-Qaeda The wars go on! We’re not against them. We might as well be against stomach gas – it will happen whether we like it or not. Real wars, as we’ve been exploring recently, are glorious and moronic. But zombie wars are just sordid are pathetic. A new item in the Wall […]
The FOMC Decision – Studying the Flight of Birds and Gold
The FOMC Decision – Studying the Flight of Birds and Gold Federal Open Yawn Committee puts Kremlinologists all over the World to Sleep … The Fed’s monetary policy statement delivered on Wednesday was the non-surprise/yawn-inducer of the year. Readers can take a look at the trusty WSJ statement tracker, which reveals that apart from a few […]
Hayden Mocks Extent of Post-Snowden Reform: “And this is it after two years? Cool!”
Hayden Mocks Extent of Post-Snowden Reform: “And this is it after two years? Cool!” Former National Security Agency director Michael Hayden on Monday marveled at the puny nature of the surveillance reforms put in place two years after NSA whistleblower Edward Snowden revealed a vast expansion of intrusive U.S. government surveillance at home and abroad. […]
Today Financial Journalism Suffered An Epic Failure
Today Financial Journalism Suffered An Epic Failure Earlier today we reported about a very sad development for the freedom of speech, or at least the illusion thereof, when one of, if not the best, critical Federal Reserve reporter in the mainstream media, WSJ’s Pedro da Costa founds he was no longer “invited” to the Fed’s quarterly press […]
