There is too much for me to type and keep up with, thus below are some important information sharing available.
Click on the stories that interest you, for more details. Always follow the money trail. ~Ron
Submitted by Tyler Durden on 08/18/2014 – 08:09
The main event of the week will be Yellen’s long awaited speech at the Jackson Hole 3-day symposium taking place August 21-23. The theme of this year’s symposium is entitled “Re-Evaluating Labour Market Dynamics” and Yellen is expected to deliver her keynote address on Friday morning US time. Consensus is that she will likely highlight that the alternative measures of labour market slack in evaluating the ongoing significant under-utilisation of labour resources (eg, duration of employment, quit rate in JOLTS data) have yet to normalise relative to 2002-2007 levels. Any sound bite that touches on the debate of cyclical versus structural drivers of labour force participation will also be closely followed. Unlike some of the previous Jackson Hole symposiums, this is probably not one that will serve as a precursor of any monetary policy changes but the tone of Yellen’s speech may still have a market impact and set the mood for busier times ahead in September.
WHAT SECRET DOCUMENTS?
Submitted by Tyler Durden on 08/18/2014 – 08:36
Amid all the global geopolitical tensions – which the stock market apparently believes are all fixed now – news that the motorcade of a Saudi prince was attacked in Paris by Kalashnikov-wielding gunmen takes on more relevance than it normally would. The attackers stole 250,000 Euros in cash and more crucially – “sensitive documents.” No suspects have been apprehended and to make matters more complex, local police noted “It’s quite an unusual attack. They were obviously well-informed. It’s true that it’s quite a rare way of operating.”
Submitted by Tyler Durden on 08/18/2014 – 09:40
Following a summit in Brussels, a senior NATO diplomat proudly proclaimed that ‘allies’ have pledged more spending and will beef up its presence in Eastern Europe. However, likely to the chagrin of President Obama (and the West’s narrative), he let slip some uncomfortable truths:
- *NATO DIPLOMAT SAYS PUTIN HOLDS TACTIAL SHORT-TERM CARDS (hhmm, ok)
- *NATO DIPLOMAT SAYS LONG-TERM GEOPOLITICAL TRENDS FAVOR THE WEST (phew…)
- *NATO DIPLOMAT SAYS PUTIN WON’T BE AROUND FOREVER (threat or warning?)
So, all the west has to do is be patient? Wait out Putin? We suspect that ‘strategy’ may get accelerated at some point.
Territorial Disputes, Why Now? Because this is a non-declared “World War” period.
Submitted by Tyler Durden on 08/18/2014 – 10:36
Fifteen months ago we reported China’s stealth invasion of India’s Ladakh region, and now, as PTI reports, Chinese troops are reported to have entered deep into Indian territory in Burtse area in Ladakh where they had pitched their tents last year. Indian troops spotted Chinese personnel 25 to 30 km from the perceived Line of Actual Control (LAC). PLA personnel carried flags reading “this is Chinese territory, go back” in their hands and they refused to move after being confronted by India’s quick response team.
Submitted by Tyler Durden on 08/18/2014 – 11:00
Eager to move on from Friday’s disinformation fiasco, Ukrainian military spokesmen said the bus convoy had been in an area of fierce fighting between government forces and the separatists. As Reuters reports, it had come under fire from rebel Grad and mortar launchers, they said, causing an unknown number of casualties. And in keeping with the endless flow of BS emanating from east Ukraine, where civilians are merely collateral damage to an epic information war, and just to confuse everyone if not the algos which today are stricly in “de-escalation” mode, the separatists promptly accused Ukraine of the attack, when a rebel leader denied his forces had the military capability to conduct such an attack, and accused Kiev forces of regularly attacking the area and also using Russian-made Grad missiles.
Submitted by Tyler Durden on 08/18/2014 – 13:16
Having already documented America’s conversation to a turnkey totalitarian banana republic (confirmed over a year later by Edward Snowden), we note the following six charts from The NY Times that show the spread of military-style equipment – including aircraft, vehicles, body armor, grenade launchers and assault rifles – since the creation of the free Defense Department program in the 1990s.