Mike Whitney

When the Dow Jones Industrial Average (DJIA) and S&P peaked in May 2015, investors were still confident that the Fed “had their back” and that any steep or prolonged downturn in stocks would be met with additional liquidity and a firm commitment to maintain zero rates as long as necessary. But now that the Fed has started its long-awaited rate-hike cycle, investors aren’t sure what to expect.
The post The Fed’s Role in the Stock Market Slide appeared first on BSNEWS.

Why is the economy barely growing after seven years of zero rates and easy money? Why are wages and incomes sagging when stock and bond prices have gone through the roof? Why are stocks experiencing such extreme volatility when the Fed increased rates by a mere quarter of a percent?
The post The Chart That Explains Everything appeared first on BSNEWS.

Here’s your U.S. foreign policy quiz for the day:
Question 1– How many governments has the United States overthrown or tried to overthrow since the Second World War?
Answer: 57 (See William Blum.)
Question 2– How many of those governments had nuclear weapons?
Answer— 0
Does that mean North Korea needs nuclear weapons to deter US aggression?
The post Does North Korea Need Nukes to Deter US Aggression? appeared first on BSNEWS.

Would you be willing to defend your country against a foreign invasion? That’s all Putin is doing in Syria. He’s just preempting the tidal wave of jihadis that’ll be coming his way once the current fracas is over.  He figures it’s better to exterminate these US-backed maniacs in Syria now than face them in Chechnya, St Petersburg and Moscow sometime in the future.  Can you blame him? […]
The post Putin Throws Down the Gaunlet appeared first on BSNEWS.

The idea that prominent western media like the New York Times and the Washington Post would take these Saudi-led meetings seriously is simply mindboggling. Does anyone need to be reminded that 15 of the 19 hijackers on 9-11 were from Saudi Arabia, or that Saudi royals have been arming and funding terrorist organizations for the last 30 years or that Riyadh is presently backing many of the Sunni militants now prosecuting the proxy war in Syria today?

The downing of the Russian Su-24 fighter fits perfectly with the way in which the Turkish government has been ratcheting up tensions on the border, using its jihadi allies to seize Syrian territory, and trying to incite a violent reaction that will force greater NATO or US involvement.

 

The downing of the Russian Su-24 fighter fits perfectly with the way in which the Turkish government has been ratcheting up tensions on the border, using its jihadi allies to seize Syrian territory, and trying to incite a violent reaction that will force greater NATO or US involvement. I seriously doubt that Putin is gullible enough to take the bait and overreact to this obvious and pathetic provocation in Ankara. He will exact his pound of flesh at some other time, a time of his own choosing.

Now that Kuweires has been liberated, Davutoğlu will have to reconsider his offer taking into consideration the fact that Russian warplanes will now be within striking distance of the border while troops and artillery will be positioned in a way that makes crossing into Syria as difficult as possible. The window for Turkish troops to enter Syria unopposed has closed. Any attempt to invade the country now will result in stiff resistance and heavy casualties.

Putin has shown a remarkable ability to anticipate Washington’s moves and take preemptive steps to minimize their impact. Even so, it’s going to be tough sledding if Obama is able to create a sanctuary on the Turkish border where jihadis can enter and exit Syria at will keeping the country in a permanent state of turmoil. In that case, Putin would face his worse nightmare, the prospect of staying in Syria forever.
The post Kerry’s Debacle in Vienna appeared first on BSNEWS.

Putin was never taken in by the whole ISIS oil charade. He knew it was a farce from the get-go, ever since Financial Times published their thoroughly laughable article on the topic which claimed that ISIS had its own group of “headhunters” offering “competitive salaries” to engineers with the “requisite experience” and encouraged “prospective employees to apply to its human resources department.”
The ISIS “human resources department”?? Have you ever read anything more ridiculous in your life?