The Middle East Chess Game – Part Two

The Middle East Chess Game – Part Two

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The US, Turkey and their friends set out, five years ago, to topple Assad of Syria. They encouraged and armed a hodgepodge mixture of Arab and non-Arab militants to the job. A good part of these militants turned out to be terrorists with an agenda of their own.

This medley group almost succeeded in ousting Assad, but the Russian cavalry appeared, at the last minute, and began routing the militants. Turkey, in a reflex action, struck back directly at Russia, which triggered a snowball that began rolling from the top of the mountain. Continue reading “The Middle East Chess Game – Part Two”

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IT IS THE GULF OF MEXICO, STUPID!

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It Is The Gulf Of Mexico, Stupid!

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CNN and the other unbiased media, reported the unprofessional and unsafe actions of the Iranians, who, last week, sent their small patrol boats to harass two US naval ships, a destroyer and a missile carrier. The puny boats got as close as quarter of a kilometer, before the ships fired warning shots to ward them off.

The Pentagon was indignant that the Iranians were so brash, to flaunt the Freedom of the Seas Law, and bother innocent ships routinely transiting the Gulf, and in international waters. Continue reading “IT IS THE GULF OF MEXICO, STUPID!”

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Kerry Here, Kerry There, Kerry Everywhere!

Kerry Here, Kerry There, Kerry Everywhere!

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John Kerry, the globe-trotter, has recently visited the following cities or countries, some more than once: Russia, Turkey, Ukraine, Hiroshima, Kabul, UK, Saudi, Georgia, France, Egypt, Mongolia, Iraq, Belgium, China, Norway and others.

He has managed, in those visits, to sort out a myriad of problems, including wars, covering the so-called Ukrainian, Syrian and Iraqi civil wars, Poland’s and the Baltic States’ insecurity and fear of a Russian imminent invasion, the unjustified Russian rejection of NATO surrounding it, selected the vegetables to add to the South China Sea boiling stew pot, bring Iran to its senses regarding its alleged atomic program, arrange to install atomic ballistic missiles in Poland and Romania as a deterrent to the Arab/Islamic atomic threat likely to materialize in the next two to three decades, and a plethora of critical issues that threaten world peace and doom our, one and only, earth. Continue reading “Kerry Here, Kerry There, Kerry Everywhere!”

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American Interest Rates, Whereto?

American Interest Rates, Whereto?

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The Fed is again making noises about raising interest rates. But is not very convincing, and the markets are not taking them too seriously.

The Fed itself doesn’t seem to be very clear on what is happening to the US and World economy, nor clear about what the best course of action is. Consequently, it is emitting confused and confusing signals. Continue reading “American Interest Rates, Whereto?”

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ITS NOT A TIDE FOR THE KURDS, IT’S A FLOOD

ITS NOT A TIDE FOR THE KURDS, IT’S A FLOOD

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A few days ago we observed that the ebb and flow of politics seemed to indicate that the Kurds, after taking Manbij, will keep their head low and avoid antagonizing Turkey. They didn’t, and continued northwards towards Jarabulus on the Turkish/Syrian Border.

Turkey was ready and certainly able. Following two days of artillery pounding, Turkish tanks rolled into Syria yesterday, thus realizing the long-expected scenario of a Turkish military presence inside Syria.

The pretexts and justifications for this action may be “dime a dozen”, but once inside, they become difficult to dislodge and eject. A similar situation has existed in north Iraq near Mosul, for almost a year now. Continue reading “ITS NOT A TIDE FOR THE KURDS, IT’S A FLOOD”

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Is it time to buy US property?

Is it time to buy US property?

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It seems that the US house prices are at a fork juncture. Overall sales have dropped in July, after four months of increasing. The explanation expounded by the real estate “experts” is a combination of, too few houses available for sale on the market, and higher prices that have risen around 5% compared to last year. This has resulted in less choice for buyers and the absence of attractively cheap prices.

The Western US is the only region that saw sales increase and the average home price was at around US$ 350,000. The North East averaged around US$ 285,000, the Midwest around US$ 195,000 and the south East around US$ 215,000. Continue reading “Is it time to buy US property?”

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OIL PRICE PLAYING ON A SEE-SAW – IGNORING INVESTMENT IN OIL

OIL PRICE PLAYING ON A SEE-SAW – IGNORING INVESTMENT IN OIL

There is now a consensus that the 20% oil price rally in August wasn’t sustainable. It was a purely technical issue with the short sellers scrambling to cover their positions. The fundamentals of oil supply and demand remain imbalanced and could remain so until the end of 2016 or probably well into 2017.

Of course, an agreement between the major oil producers to freeze production, will put an immediate stop to this lose-lose situation and raise prices to levels more acceptable to the deficit laden producers. The OPEC September meeting is scheduled, theoretically, to do that, and the Saudi oil minister has alluded as much. Continue reading “OIL PRICE PLAYING ON A SEE-SAW – IGNORING INVESTMENT IN OIL”

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