Turkey

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Russian Jet Shot Down By NATO Member

A very dangerous provocation by NATO
Tuesday, November 24, 2015, 1:35 PM

This morning two Turkish F-16 fighters shot down a Russian jet, claiming that it was in Turkey’s airspace after it had ignored repeated warnings.

There are two problems with this story. The first is that Russia claims to have evidence that the Russian jet never left Syrian airspace.  The second is that even if the Russian jet had strayed into Turkish airspace, Turkey knew there was zero threat to its security from a single Russian jet. Everybody and their uncle knows what Russian jets are doing in the area.

This means that NATO, of which Turkey is a member, had given a greenlight to the idea of shooting down Russian planes. » Read more

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Is This It?

Global market weakness is now quickly escalating
Friday, January 24, 2014, 10:59 AM

Is this it?  Are we seeing signs that after a very long period of Fed inspired insanity, et al. (courtesy of folks who lack any imagination beyond sustaining the unsustainable), are we finally entering a long-awaited financial correction?

Using our ‘outside in’ methodology, there’s lots to suggest we are entering such a phase.

All is not well on the periphery, with weaker economies now flashing serious warning signs in their bond and currency markets. It's enough that it’s time to... » Read more

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A Report From Europe

A Report From Europe

How bad are things there, really? A reader gives a boots-on-the-ground account after a recent trip.