by John Rubino
This is the kind of thing that happens when you put ten different armies, taking orders from at least ten different commanders, in the same theater.
Last night a Russian fighter was flying in and out of Turkish airspace and Turkey shot it down. Then local rebels (Syrian Turks) shot the pilots as they parachuted to the ground.
Now everybody’s mad and the sabers are rattling. Putin called the Turks “the accomplices of terrorists” and warned of “serious consequences.” Diplomatic representatives have been summoned to various ministries, planned visits are being canceled, and NATO ambassadors are meeting, presumably to write a unified list of talking points. Russia advised its citizens to avoid traveling to Turkey and tour operators stopped marketing such trips.
Continue Reading at DollarCollapse.com…
by Michael Snyder
End of the American Dream
The city of Chicago has released a video that shows a white police officer shooting a 17-year-old African-American young man named Laquan McDonald 16 times. Cook County State’s Attorney Anita Alvarez says that this video is “graphic”, “violent” and “chilling”, and it is expected to provoke a very strong emotional reaction from Chicago’s very large African-American community. Over the past few years, Trayvon Martin, Michael Brown and Freddie Gray have all become household names because of the way that they died, and now it looks like Laquan McDonald’s name will be added to that list. But the situation in Chicago is potentially even more volatile what we witnessed in either Ferguson or Baltimore. More than a million African-Americans live in the Chicago metropolitan area, and the crime rate in the city has already been skyrocketing. In fact, it is being projected that Chicago’s murder rate will increase by 20 percent in 2015. This is a city that is always living on the edge of chaos, and now the video of Laquan McDonald’s death could be the spark that sets Chicago ablaze.
Continue Reading at EndOfTheAmericanDream.com…
by Victor Reklaitis
Robo advisers are growing quickly, with some estimating that they’ll manage $12 billion in investor money by year’s end. But as more companies get in on the action, investors may need to be much more careful about what they buy into.
Robot-run portfolios — basically, automated investments in stocks and bonds — can be an attractive way to get a low-cost mix of index funds. The pioneers, which aren’t beholden to particular fund providers, have set up investors with rather vanilla funds. But as large financial services companies move into the space, market watchers say, they may increasingly stuff portfolios with their own products.
Continue Reading at MarketWatch.com…
by Lance Roberts
Street Talk Live
With the “inmates running the asylum” during a holiday-shortened trading week, the upward bias to the market is set to continue. However, as I addressed last week:
“As we progress through the last two months of the year, historical tendencies suggest a bias to the upside. This is particularly the case given the weakness this past summer which has left many mutual and hedge funds trailing their benchmarks. The need to play ‘catch-up’ will likely create a push into larger capitalization stocks as portfolios are ‘window dressed’ for year end reporting.
Continue Reading at StreetTalkLive.com…
by David Stockman
David Stockman’s Contra Corner
The Dow should have been down 500 points today. And that’s to say nothing of the fact that the market’s current lofty valuation makes no sense in the first place.
The fact is, the brown stuff is now heading straight for the fan.
Didn’t the odds of a major geo-political calamity just take a huge turn for the worse in the airspace over the Syria-Turkey border?
At the same time, wasn’t today’s GDP update just one more reminder that the global economy is sinking into a deflationary contraction? And that our so-called domestic recovery cycle is getting very long in the tooth and is essentially running on the fumes of inventory accumulation?
Continue Reading at DavidStockmansContraCorner.com…
by Martin Armstrong
The morning session in Asia was rather dull but all recovered in the afternoon into positive territory with the exception being Hang Seng (which was still down -0.3%). Europe drifted into the negative shortly after the open as news was still focused on the nervous Belgium shut-down. All trading was dull and in thin conditions then the news that Turkey had shot down a Russian fighter jet and equity indices were hit as were their currencies. Upon the news both the MICEX (Moscow Exchange) and ISE (Istanbul Exchange) dropped 2% both lost more ground eventually closing -3.5% and -4.5% respectively. The Russian Rouble made all of its losses (2% at one stage) back to close unchanged on the day. The same could not be said for the Turkish Lira which closed down 1% on the day. US Indices opened lower but recovered all of their losses to close with small gains across the board.
Continue Reading at ArmstrongEconomics.com…
from Zero Hedge
For the better part of a year, Turkey remained on the sidelines in the “fight” against ISIS.
Then, on July 20, a powerful explosion ripped through the town of Suruc. 33 people were killed including a number of Socialist Party of the Oppressed (ESP) and Socialist Youth Associations Federation (SGDF) members who planned to assist in the rebuilding of Kobani.
The attack was promptly attributed to Islamic State who took “credit” for the tragedy the next day.
To be sure, the attack came at a rather convenient time for President Tayyip Erdogan. A little over a month earlier, the ruling AKP party lost its parliamentary majority in part due to a strong showing at the ballot box for the pro-Kurdish (and PKK-aligned) HDP. What happened in the wake of the Suruc bombing was nothing short of a largely successful attempt on Erdogan’s part to use fear and violence to scare the electorate into restoring AKP’s dominance in snap elections that took place earlier this month.
Continue Reading at ZeroHedge.com…
by Daily Bell Staff
The Daily Bell
More than 30 “White Student Union” pages created on Facebook in last week … The creation of an “Illini White Student Union” Facebook page that surfaced Nov. 18 in response to a “Black Student Solidarity Rally” at the University of Illinois at Urbana-Champaign gained national attention, but apparently it’s just the tip of the iceberg. Over the last week, at least 33 other “White Student Union” pages have appeared on Facebook, according to research conducted Sunday by The College Fix. – The College Fix
Dominant Social Theme: It is time for African-Americans to seek justice.
Free-Market Analysis: The Hegelian dialectic is proceeding apace. We learn about the above “pushback” from “The College Fix.” This was predictable, was it not?
These are indeed interesting times. All of a sudden there are new, “vibrant” feminist movements on campus. Hillary is running on women’s rights. “Just say no” is being replaced by “Just say yes.” And, of course, the “Black Lives Matter” meme is gaining strength around the US.
Continue Reading at TheDailyBell.com…
by Michael Krieger
[...] I’ve highlighted the plight of several brave drone whistleblowers over the years who came forth to decry the barbaric and likely illegal nature of the U.S. drone program. Recently, four of them came together to denounce it more forcefully and provide more disturbing information. They also wrote a letter to Obama.
The Intercept published a powerful story on them the other day, here are a few excerpts:
Continue Reading at LibertyBlitzkrieg.com…
from King World News
On the heels of Turkey shooting down a Russian fighter, today one of the greats in the business sent King World News a fantastic piece about the chaos in the Middle East, the collapse in the Baltic Dry Index and the war in gold.
By Bill Fleckenstein President Of Fleckenstein Capital
November 24 (King World News) – Overnight markets were weaker, with Europe losing better than 1.5%. The proximate cause for that weakness appeared to be the news that Turkey shot down a Russian fighter, as events in the Middle East continue to deteriorate and morph in somewhat predictable yet chaotic ways…
Continue Reading at KingWorldNews.com…