Mish's Global Economic Trend Analysis |
Taliban Storm Afghanistan, Beheadings Galore Posted: 26 Sep 2014 12:48 PM PDT Having spent well over $3 trillion dollars in Iraq and Afghanistan what do we have to show for it?
Taliban Storm Afghanistan Please consider Taliban Storm Afghan District Southwest of Capital, 100 Killed Hundreds of Taliban fighters have stormed a strategic district in an Afghan province southwest of the capital and are on the verge of capturing it after killing dozens of people and beheading some in days of fighting, officials said on Friday.War on Multiple Fronts Every instance of US meddling has made matters worse. Tens of thousands of innocent civilians are dead and the economy of Iraq is destroyed. Our policy is now so tangled we are bombing our friends and protecting those we seek to depose. Can it get still more convoluted? Of course it can. Just add Israel, Pakistan, or Russia to the mix. Perpetual war on multiple fronts simultaneously is the warmonger's ultimate wet dream. "Success" is nearly at hand. Mike "Mish" Shedlock http://globaleconomicanalysis.blogspot.com |
PIMCO About to Fire Gross for "Erratic Behavior"; Janus Picks up Gross, Shares Jump 40% Posted: 26 Sep 2014 09:10 AM PDT Global macro news this is not, but here's an interesting story. Bond Guru and PIMCO co-founder Bill Gross Was Going to Be Fired for 'Erratic Behavior,' Says CNBC. Barron's reports Gross Leaves Pimco for Janus; Knew He Was Being Shown the Door. CNBC's Andrew Ross Sorkin said on air, the fund world was experiencing "shock and surprise" at Gross's move, which was highly unexpected to most.Janus Intraday Shares of Janus (JNS) soared from 11 to as high as 15.58 on the announcement. That's a 41.68% move. How much of that gain holds remains to be seen. Janus is currently up about 31.50%. Anyone pick up any cheap options yesterday? Mike "Mish" Shedlock http://globaleconomicanalysis.blogspot.com |
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