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Mike can be contacted at fergiewhitney@msn.com SHARE
(1 comments) SHARE Monday, February 29, 2016 Wall Street's Savage Reckoning: Clouds Gather Over G-20 Summit
Now that monetary policy is kaput, fiscal stimulus is the only game in town. That's just the way it is. Either the finance ministers accept that fact and push for additional government spending on infrastructure programs and the like, or stocks and profits are going to face a savage reckoning. It's that simple.
(3 comments) SHARE Wednesday, February 24, 2016 Regime Change in Ankara? More Likely Than You Think
While Obama has (weakly) admonished Turkey for shelling Syrian territory, he has, at the same time, acknowledged Turkey's "right to defend itself," which is an expression the US reserves for Israel when it conducting one of its murderous rampages in the West Bank or Gaza Strip. Now, Obama has bestowed that same honor on Erdogan. This alone speaks volumes about the duplicity of Washington's approach.
(3 comments) SHARE Saturday, February 20, 2016 Could a Bomb Blast in Ankara Change the Outcome of the War in Syria?
Washington has adjusted its strategy to the new reality on the ground while Turkey and the Saudis are still grasping at straws thinking the war can be won. Russia is going to persist in its plan to close the border regardless of what Turkey does. At the same time, it has tried to signal to Turkey that if it goes ahead with its plan to invade Syria, there will be hell to pay.
(3 comments) SHARE Monday, February 15, 2016 Stocks Dive as Confidence in Fed Fades
The Central Banks have lost their touch which is why investors are cashing in and heading for the exits. This has nothing to do with the slowdown in China, bank troubles in Europe, capital flight in the emerging markets, droopy oil prices, or the deceleration in the global economy. Forget about that stuff. The real problem is that investors have lost confidence in the Fed. And for good reason.
(9 comments) SHARE Wednesday, February 10, 2016 Putin's Aleppo Gamble Pays Off
In less than five months, loyalist forces aided by heavy Russian air cover, have shifted the balance of power in Syria, forced thousands of terrorist insurgents to flee their strongholds in the west, cleared the way for the return of millions of refugees and displaced civilians, and sabotaged the malign plan to reshape the country so it better serves Washington's geopolitical interests.
(7 comments) SHARE Friday, February 5, 2016 Peace Talks "Paused" After Putin's Triumph in Aleppo
The hawks are still pushing for more intervention, greater US, EU, and NATO involvement, and American and allied "boots on the ground" to occupy the country for an undetermined amount of time. In contrast, the Obama administration wants to minimize its commitment while trying desperately to placate its critics.
(10 comments) SHARE Saturday, January 30, 2016 Western Media Ignores Putin's Progress in Syria
From the very beginning, Washington's sole aim has been to topple Syrian President Bashar al Assad so the oil fields and pipeline corridors could be secured by the western oil giants and protected by new US military bases sprinkled across the country. This is why Obama and Co are so eager to slow the Russian-led offensive by any means possible.
(7 comments) SHARE Thursday, January 28, 2016 Seven Years of Monetary Quackery; Can the Fed Admit it Was Wrong Yet?
By any rational measure, the economy is stuck in a long-term slump that shows no sign of relenting anytime soon. Bondholders seem to grasp that fact and have made a ton of dough betting on crappy growth and perennial stagnation, which are the logical corollaries of the Fed's goofy monetary policies.
(2 comments) SHARE Monday, January 25, 2016 Stock Buybacks and the Wall Street Sharktank: "A Whole Lotta Stealin' Goin' On"
Now, anything goes and the sky's the limit. Wall Street basically tells its lackey Congressmen what they want and, BAM, Congress changes the rules like that. That's basically how the system works. As a result, Big Business keeps piling on more and more debt, creating more and more instability, and paving the way for another agonizing financial crisis.
SHARE Sunday, January 24, 2016 Could This be "The Big One"?
Obama and the Republican-led Congress have done everything in their power to keep things just the way they are by slashing government spending to make sure the economy stays weak as possible, so inflation is suppressed, the Fed isn't forced to raise rates, and the cheap money continues to flow to Wall Street.
SHARE Tuesday, January 19, 2016 The Fed's Role in the Stock Market Slide
Growing uncertainty coupled with flagging earnings reports have factored heavily in Wall Street's recent selloff. Unless the Fed is able to restore confidence by promising to take steps that support the markets, stocks are going to continue get hammered by economic data that's bound to deteriorate as 2016 drags on.
(10 comments) SHARE Friday, January 15, 2016 The Chart That Explains Everything
It's madness, and yet this is what Obama and the Congress have been doing for the last six years. They've kept their hands wrapped firmly around the economy's neck trying to make sure the patient stays in a permanent state of narcosis. That's the goal, to suffocate the economy in order to reward the thieving vipers on Wall Street. And Obama and the Congress are every bit as guilty as the Fed.
(7 comments) SHARE Saturday, January 9, 2016 Does North Korea Need Nukes to Deter US Aggression?
The leadership in Pyongyang knows who they're dealing with, which is why they've taken the hardline. They know the US doesn't respond to weakness, only strength. That's why they can't cave in on the nukes project. It's their only hope. Either the US stands down and makes concessions or the stalemate continues. Those are the only two possible outcomes.
(5 comments) SHARE Wednesday, January 6, 2016 Wall Street Kicks Off 2016 With a Faceplant
The Fed is going to keep repeating the same nonsense they've been saying for the last eight years, that everything is getting better and that prosperity is just around the corner. What a laugh. Meanwhile, the financial system continues to edge closer to its inevitable day of reckoning thanks in large part to the efforts of the Fed.
(7 comments) SHARE Wednesday, December 23, 2015 Putin's Progress in Syria Sends Kerry Scampering to the United Nations
The Obama administration sees the handwriting on the wall. They know that Russia is going to win the war, so they've settled on a plan for protecting their agents in the field. That's why the emphasis is on a ceasefire; it's because Kerry wants a "Timeout" so his Sunni militants can either regroup or retreat.
(9 comments) SHARE Friday, December 18, 2015 John Kerry's Moscow Lovefest
This has got to be the biggest foreign policy somersault in the last two decades and Kerry carried it off without a trace of shame, in fact, he never veered from his cheery script the entire trip. were the Russians taken in by Kerry's performance? Heck no, in fact, they acted exactly as one would expect them to act. They treated Kerry with the utmost respect, listened politely to everything he had to say.
(20 comments) SHARE Tuesday, December 15, 2015 Putin Throws Down the Gauntlet
If I am not mistaken, Kerry is in for a big surprise on Tuesday. He's about to learn that Putin takes war very seriously and is not going to let Washington sabotage his plans for success. If Kerry's smart, he'll pass along that message to Obama and tell him he needs to dial it down a notch if he wants to avoid a war with Russia.
(3 comments) SHARE Friday, December 11, 2015 The Saudi-Hosted "Opposition Talks" Fiasco
The media doesn't want the American people to know that the so called "moderate" militias their government is backing are actually homicidal maniacs who are determined to topple a secular government and replace it with an Islamic Caliphate. This whole fiasco about convening "talks" between opposition leaders is just a smokescreen to conceal the real objective which is regime change.
(5 comments) SHARE Wednesday, December 9, 2015 Destroying Syria to Create Sunnistan
The war on terror is a public relations fig leaf designed to conceal Washington's attempt to rule the world. It's impossible to make sense of goings-on around the globe without some grasp of how seemingly random acts of violence and terror fit within the broader and more comprehensive strategy to create a new unipolar world order, to crush all emerging rivals, and to extend US full-spectrum-dominance across the planet.
(27 comments) SHARE Saturday, December 5, 2015 Putin Must Seek Justice For Peshkov
Putin has never lost sight of his primary goals which are to prevent regime change, to maintain the sovereign integrity of the state, and to kill or capture all terrorists operating in Syria. If Erdogan agreed to these terms, Putin will have achieved all of his objectives; displaced Syrians will be able to return home, life will gradually return to normal, and Peshkov will have gotten the justice he deserves.