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First Germany, Now France Folds On Syrian Airstrikes

In yet another rather embarrassing event for The White House, just days after President Obama praised the French for helping in the fight against ISIS, and General martin Dempsey noted "the French were our very first ally and they're with us again now," French officials have, according to Reuters, ruled out participation in airstrikes against Islamic State in Syria. With the fall of France (and Germany already saying "nein"), it appears the broad coalition is now a "coalition of none," as Obama...

zerohedge.com

2 hrs ago

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zerohedge.com

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Jack Ma: If You're Poor At 35, You Deserve It

Jack Ma believes people lose out in life because of these 4 reasons: Being myopic to opportunity, Looking down on opportunities, Lacking understanding, or Failing to act quickly enough. "You are poor, because you have no ambition." Go big, or go home. Otherwise, you’re wasting your youth.

zerohedge.com

3 hrs ago

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zerohedge.com

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BofAML Repeats Art Cashin's Concerns Of A September Seasonal Slump

Having cautioned investors this morning of the historical tendency for market reversals on September 22nd after hitting all-time highs, UBS' Art Cashin's warning has been echoed by BofAML's Macneil Curry who notes risk assets are set to correct as negative seasonals dominate the S&P500 this week. This is bullish for Treasuries, Curry adds. "Crazy?  Maybe, but forewarned is forearmed," as Cashin concludes.

zerohedge.com

32 mn ago

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zerohedge.com

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SEC Pays Unknown Foreign Whistleblower Record $30 Million Award

Did someone finally inform the SEC that Bernie Madoff's business model has been adopted by every central bank in the "developed world?" Whatever the reason for today's record SEC award, which almost certainly has to do with HFT, a topic which this blog first brought to light back in 2009 when nobody had a clue what algo/high frequency trading is, congratulations to the lucky winner (unless of course it has to do with someone spilling the beans on US tax evaders in Swiss banks), and our...

zerohedge.com

56 mn ago

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zerohedge.com

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China's Economy Slams On The Breaks: 30% Of Coal Miners Unable To Pay Employees On Time

More than 70 per cent of the country’s coal miners were losing money and had cut salaries. Translated: widespread wage deflation, in a country where M2 is expected to grow at a double digit pace. And the really bad news: "About 30 per cent of the industry’s miners had not been able to pay their employees on time and a further 20 per cent had cut salaries by more than 10 per cent, the Economic Information Daily, a Xinhua-affiliated newspaper, reported on Monday."  

zerohedge.com

2 hrs ago

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zerohedge.com

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California Or Ethiopia? "Families Dream Every Night About Water"

It's worst and getting worst-er. Hundreds of domestic wells in California's drought-parched Central Valley farming region have run dry, according to AP, leaving many residents to rely on donated bottles of drinking water to get by. With government set to regulate deeper drilling, hope is plunging that a solution to California's drought will come anytime soon as groundwater levels plunge. The stories of struggle are simply stunning, especially given they are coming from America with Governor...

zerohedge.com

2 hrs ago

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zerohedge.com

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Barbarism Versus Stupidism

"In my lifetime, the USA has not blundered into a more incoherent, feckless, and unfavorable foreign policy quandary than we see today. Does any tattoo-free American adult outside the Kardashian-NFL mass hypnosis matrix feel confident about the trajectory of US policy regarding the so-called Islamic State (ISIS, ISIL)?"

zerohedge.com

1 hr ago

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zerohedge.com

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America’s Never-Ending War

US President Barack Obama has effectively declared war on the Islamic State, using the very rhetoric that his predecessor George W. Bush used when launching America's "war on terror." The US now risks becoming enmeshed in a permanent war against an expanding list of enemies – often created by its own policies.

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project-syndicate.org

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