Putin's release of the S-300 Air Defense System to Iran could make attacks on Iran nearly impossible ~ link ~
This nuke deal with Iran had better work. Because the Kremlin is lifting a ban on selling a powerful air defense system to Iran that would render an airstrike on Tehran’s nuclear weapons facilities nearly impossible.
The delivery of the new weapon, called the Almaz-Antei S-300PMU-1—known as the SA-20 Gargoyle in NATO parlance—would effectively force the U.S. to rely on its small fleet of stealth aircraft to strike targets inside Iran in case the mullahs make a dash for the bomb. But even those aircraft might have a difficult time.
Almost alone among major industries, the gold miners are entering a Margin Sweet Spot, with flat-to-falling costs and higher selling prices ~ link ~
2) The US, now feeling the impact of a too-strong dollar on corporate revenues and (potentially) earnings and therefore share prices, can’t keep this up much longer and will have to not just delay the promised rate increases but change course entirely and join the global devaluation party. Deflation is not an option when your debts exceed 300% of GDP.
But in the meantime, the world’s non-US gold miners (which comprise the vast majority of the sector) are seeing the world through a less-confusing, more rose-colored lens. The price of the gold they’re mining is up nicely, usually at a double-digit annual rate, while their labor costs are stable due to flat local wage growth and their fuel costs are down big thanks to the (partially strong-dollar-induced) plunge in oil prices.
United Kingdom Luxury Housing Bubble Bursts ~ link ~
The problem with this relentless scramble into London real-estate, however, is that it was almost entirely driven by the high end, which as we have reported tirelessly over the past 4 years, has become - alongside the US ultra luxury real estate market - the new "Swiss bank account": a mostly anonymous place (with anonymous LLCs and Corps buying on behalf of uber-rich foreign oligarchs) where tax evaders can park their cash, with the NAR's, and the government's, blessing.
And now, the party is over. As the FT reports, "sales of homes worth more than £2m have dropped by 80 per cent in the past year, according to Douglas & Gordon."
American "Economic Recovery" Illusion Is Falling Apart - video ~ link ~ Truth has a way of coming out, no matter how bad the lies. Stirling
So who Beat the Crap out of Senator Harry Reid? ~ link ~ This is a couple of days old, but still worth a read. Stirling
Reid, who was so right for his job as Nevada Senator that people didn’t even have to vote for him because the voting machines in that state were automatically checking his name at election time, originally explained at a press conference back in January:
“I was doing exercises that I’ve been doing for many years with those large rubber bands and one of them broke and spun me around and I crashed into these cabinets and injured my eye.”Such “accidents” are certainly a normal occurrence in and around the shady paradise of Las Vegas, Nevada, a city whose mob likely underwrites Reid’s political power.