Pat Buchanan: Can the Gop Deal with Iran?

Ten weeks before the first U.S.-Soviet summit ever held in Moscow, in May 1972, North Vietnam, with Soviet-supplied armor and artillery, crossed the DMZ in an all-out offensive to overrun the South. President Nixon responded with air and naval strikes on the North. Yet Nixon went to Moscow and signed the first strategic arms agreement… [Read More]

U.S. weighs sanctioning Russia as well as China in cyber attacks

The United States is considering sanctions against both Russian and Chinese individuals and companies for cyber attacks against U.S. commercial targets, several U.S. officials said on Monday. The officials, who spoke on condition of anonymity, said no final decision had been made on imposing sanctions, which could strain relations with Russia further and, if they… [Read More]

There’s a New Oil Glut in Town, And it could make the old glut even bigger

As crude oil continues to rip higher—it’s currently in the midst of its best three-day performance since January 2009—analysts at Barclays highlight one reason why this rally could prove to be short-lived. Resilience in U.S. shale production and supply increases from members of OPEC have left global oil markets in a prolonged state of surplus. Earlier in the year, this oil… [Read More]

U.S. Is Drafting Potential Sanctions Over China Cyber Hacking

The Obama administration is drafting an escalating series of actions, including economic sanctions and curbs on doing business in the U.S., to punish China and other nations that persist in hacking its corporate computer networks, according to two administration officials with knowledge of the planning. The measures have not yet been decided, the officials said,… [Read More]

Ladies and gentlemen, let’s get ready to Trump-le!

 As I watch Republican presidential candidate Donald Trump, I am reminded of the wrestling promoter extraordinaire, Vince McMahon, chairman of World Wrestling Entertainment. McMahon is a lesser billionaire than Trump, but he is a man who understands the American appetite for entertainment in a cynical age. In 1989, McMahon admitted what everyone knew –that pro… [Read More]

During Every Market Crash There Are Big Ups, Big Downs And Giant Waves Of Momentum

Michael Snyder | Economic Collapse This is exactly the type of market behavior that we would expect to see during the early stages of a major financial crisis. In every major market downturn throughout history there were big ups, big downs and giant waves of momentum, and this time around will not be any different…. [Read More]

Stock Markets Mostly Down as World shares sag Again Wednesday

World shares sagged on Wednesday as investors feared fresh rate cuts in China may not be enough to stabilize its slowing economy or halt a stocks collapse that is wreaking havoc in global markets. Europe‘s main stock markets which had surged on Tuesday after China‘s moves, reopened 2 percent down as the jittery mood returned… [Read More]

China’s Stocks Slump as Rate Cut Fails to Stop $5 Trillion Rout

China’s stocks extended the steepest five-day drop since 1996 in volatile trading as lower interest rates failed to halt a $5 trillion rout. The Shanghai Composite Index fell 1.3 percent to 2,927.29 at the close, after rising as much as 4.3 percent and declining 3.9 percent. The cuts in borrowing costs and lenders’ reserve ratios… [Read More]

Wall Street’s rally goes up in smoke, indexes end lower

A strong rally on Wall Street evaporated on Tuesday and stocks ended with deep losses as concerns about China‘s economy outweighed lower valuations that some saw earlier as bargains. In a dramatic trading session, major indices turned negative in the final minutes of trading after previously climbing almost 3 percent. Investors cited more worries that… [Read More]

Relief Rally Evaporates in U.S. Stocks as China Anxiety Bubbles

A rebound that took the Dow Jones Industrial Average up more than 440 points disappeared as traders said trepidation over what will happen in China’s market made holding on to stocks too risky for most investors. The 30-stock index slid 1.3 percent to 15,665.77 at 4 p.m. in New York, down 4 percent from its highest point…. [Read More]