Evening all. I hope this evening finds you shining bright with the light of the moon.
What is a negative interest rate bond?
It is by definition a default.
Just because it is an agreed upon default doesn't change that fact.
And that's at nominal rates. If there is any price inflation at all (and there is), that just adds to the losses.
I have no need for good souls: an accomplice is what I wanted.
- Jean-Paul Sartre -
Saudi Arabia has been bombing civilians in Yemen (and covering it up) for four years. Yet they haven't come anywhere close to taking back the capital of Sanaa.
The Saudi's most notable victory was defeating the Houthi assault on the old capital city of former state of South Yemen - Aden.
I’ll only focus on the Pepe’s Hong Kong portion, as I’ll bring other viewpoints as well. A recent reader asked me to say that my (limited thoughts and content) are in violet, hyperlinks turn blue at c99%; all else is in black. This is longish, but given the current anti-China realpolitik afoot, this is a very big deal in my estimation. Feel free to weigh in, even with contrasting sources and opinions. Dagnabbit, I’d forgotten to see if Joe Biden’s blaming the protests on the Russians on Twitter.
‘Hong Kong, Kashmir: a Tale of Two Occupations’ Pepe Escobar, August 7, 2019, strategic-culture.com (CC w/ attribution):
According to the Fed’s recession probability model, the odds of a recession in the next 12 months are the same now as they were in July 2007. That was when the credit markets first seized up, leading to the 2008 Great Recession five months later.
Something to keep in mind…
and there is a genuine paradox here,
for that richness exists
despite an almost total absence
of the nutrient iron.
The presence of sea ice somehow compensates for this,
for the semifrozen edge between salt water
and the floating ice
promotes remarkable growth of the microscopic plankton
that is the base of the food chain.
Despite the months of winter darkness,
the plankton thrives under the ice,
allowing the krill that feed on them
to complete their seven-year life cycle.
And wherever there is krill in abundance,
there are likely to be penguins, seals and great whales. ...
The Weather Makers
This Chuck Todd clip pretty much sums it all up, methinks. It ain't Warren. And when push comes to shove, she'll play ball with Biden. Big Banks, Big Oil, Big Pharma, Big Tech, Big Infocontainment, Military Industrial Complex, Global Security State . . . And it will never cease to amaze me how some folks equate Bernie with Trump (which seems to be the rage now) or even with Hillary or Biden or Obama. Oh well, horseshoes.
— RoseAnn DeMoro (@RoseAnnDeMoro) August 14, 2019
Senator Sanders has dared to say that the media, the Washington Post in particular, isn't completely fair and unbiased in their coverage of him.
Where Bernie could have dreamed up this wild konspiracy theory no one knows.
So the media was forced to defend itself from this baseless smear.