Statements, comments and forecasts that have no substance, but just might turn out to be relevant.
1.(Reuters) - The death toll from an air strike by U.S.-led forces on the northern Syrian province of Aleppo on Friday has risen to 52 including seven children, a group monitoring the conflict said on Saturday. The British-based Observatory for Human Rights said the air raid on Friday had mistakenly struck civilians in a village on the eastern banks of the Euphrates River in Aleppo, killing members of at least six families. COMMENT: Interesting how none of this is reported by the same pro-Obama media that castigated Israel during the Gaza war. Apparently the Hollywood type self-pity festival in Baltimore is more newsworthy than a bunch of innocent Arab families who were not killed by Israelis.
2.Quietly and without any fanfare, ISIS is taking baby steps in Gaza. "An explosion damaged a Hamas security headquarters building in Gaza City on May 4, the Daily Star reported. The explosion followed a message from an anti-Hamas radical Islam group, called the Supporters of ISIS in Jerusalem, demanding the release of jihadist prisoners within 72 hours or an attack would be imminent." COMMENT: Imagine that....ISIS vs Hamas in Gaza. What say you John Kerry? And now this same ISIS affiliated group is firing rockets at Israel....
3.Invest Yourself: "The all seeing, all knowing grand poobah's which we affectionately call the Federal Reserve have told us for years that they, and ONLY they know how to steer an economy to prosperity. Over the years they've hiked interest rates, cut interest rates, printed money, bought back Treasuries, "twisted", QE'd and God only knows what else. So, how'd they do? Today we learned that the first quarter GDP came in at a whopping 0.2%.(Now revised to -0.7%). Yes folks, after all the machinations, after all the huff and bluff, after all the trillions, the economy missed being negative by two tenths of ONE point. Bravo! What a performance! If this band of criminals actually had to work for someone and this is the performance they achieve they'd have been fired years ago." COMMENT: Truth be told, first quarter GDP in the US is usually weak. Let's see how the second quarter goes.
4.TOI: Newly crowned Saudi King Salman has refused an invitation to attend a landmark summit hosted by President Barack Obama, amid angst over US-Iran nuclear negotiations.
Obama had invited six Gulf kings, emirs and sultans to the presidential retreat at Camp David, seeking to shore up wavering trust while Washington negotiates with regional power Tehran. Obama’s plans now lie in tatters, with only two heads of state slated to attend the Thursday meeting. COMMENT: The perfect storm cloud on the horizon continues to grow for this president.
5.Turkey’s lira weakened to an all-time low and stocks plunged after voters denied the ruling AK Party (Erdogan) a majority government for the first time since 2002. The currency tumbled as much as 5.2 percent and the benchmark stock index dropped the most in two years. The ruling Justice and Development Party, or AK Party, won 40.9 percent of the vote, giving it 258 seats in parliament, according to preliminary results from the state-run news agency. It needed 276 to form a single-party government. COMMENT: A round of burgers and fries for all while we watch the slow (the slower, the better) demise of this anti-semite.
6. Bloomberg: The U.S. has taken Russia’s crown as the world’s biggest oil and natural-gas producer, illustrating the seismic shifts in the global energy landscape caused by America’s shale fields. U.S. oil production rose to an all-time high last year, gaining 1.6 million barrels a day, according to BP Plc’s Statistical Review of World Energy released on Wednesday. Gas output also rose, putting America ahead of Russia as a producer of the hydrocarbons combined. Read more: http://finance.yahoo.com/news/americas-shale-oil-boom-grinding-080857319.html
7.Yahoo: The shale oil boom that turned the U.S. into the world’s largest fuel producer and brought $3 gasoline back to America’s pumps is grinding to a halt. Crude output from the prolific tight-rock formations such as North Dakota’s Bakken and Texas’s Eagle Ford shale will shrink 1.3 percent to 5.58 million barrels a day this month, based on Energy Information Administration estimates. It’ll drop further in July to 5.49 million, the lowest level since January, the agency said Monday. Read more: http://finance.yahoo.com/news/americas-shale-oil-boom-grinding-080857319.html COMMENT: Hmmm...a flare-up between the Saudis and Iran has the potential to create havoc in world markets....just saying.
The future was plump with promise - Maya Angelou
It is the business of the future to be dangerous- Alfred North Whitehead
Beware when the great god lets loose a thinker on this planet - Ralph Waldo Emerson
