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vineri, 12 septembrie 2014
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Mish's Global Economic Trend Analysis
Mish's Global Economic Trend Analysis |
| Posted: 12 Sep 2014 11:51 AM PDT Sanctions or War? It's long overdue we label sanctions for what they really are: war. If you prefer, call them "economic war". Today, president Obama took the undeclared war another step forward by targeting Lukoil, a private Russian company. Please consider Gazprom, Lukoil Hit in New Round of Sanctions. The US dramatically expanded its sanctions against Russia on Friday by adding Gazprom, Europe's leading energy provider, to the list of targeted companies, as it sought to ratchet up pressure on Moscow to step back from the war in Ukraine.Ceasefire Nonsense Notice how the US is only interested that the rebels not violate the ceasefire. Moreover, the fact is the ceasefire has largely held, and it has been broken by both sides. It's not even clear who broke the ceasefire first. But if it was the rebels who broke the ceasefire in every instance, one would have expected the US state department to be all over the story with bullhorns. Solidarity by Force President Obama says We will join EU in intensifying sanctions on Russia. Yeah right. We twist the EU's arm till they "cry uncle" then we claim we join them. Unless the intent is to provoke a military war with Russia, this new round of sanctions is stupider than any of its predecessors. If Exxon cannot partner with Rosneft in the Russian arctic, guess who will? Try China. Ruble Falls to Record Low vs. Dollar  Sanctions may be hurting the Ruble, but so are falling energy prices. Reflections on the Global Economy The price of oil has been falling in spite of this mess. That's a big hint that the global economy is in a huge slowdown. And that drop in oil price likely hurts Russia more than any of these sanctions. Like oil, copper says the same thing: World Growth vs. Copper with 3-Month Lag; Iron Sinks to 5-Year Low; US Will Not Decouple. For a wrapup on sanction madness, please consider Fishing for Trout With Rope and Mashed Potatoes; Mentality of Jackasses; Gas Pains. Expect a big "surprise" to the downside for global GDP as sanctions can only compound the already evident weakness. Mike "Mish" Shedlock http://globaleconomicanalysis.blogspot.com |
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Damn Cool Pics
Damn Cool Pics |
| How To Fake Travel Like A Boss Posted: 12 Sep 2014 05:54 PM PDT Zilla Van Den Borne made people believe on social media that she was traveling in Asia, but that was a total lie. As part of a university project she got handy with photoshop and took a few pictures in the right places. She never even left her home country of Amsterdam but these pictures are pretty convincing.            |
| These Are The Things Your Kids Will Never Understand Posted: 12 Sep 2014 05:51 PM PDT It's a totally different world compared to the one we lived in 20 years ago. Kids nowadays will never understand what it was like to do any of these things.                     |
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