05/02/2015

Commercial Paper Issuance Continues to Indicate no Real Economic Recovery

by John Galt February 5, 2015 22:25 ET Before my readers ask why this is an important indicator of the economic health of the American economy, this explanation from the Federal Reserve about this particular statistic explains what it is and what it means: About Commercial Paper Commercial paper (CP) consists of short-term, promissory notes issued primarily by corporations. Maturities range up to 270 days but average about 30 days. Many companies use CP to raise cash needed for current transactions, and many find it to be a lower-cost alternative to…


Insanity: Ford Motor Expanding Operations in the Bankrupt Nation of Spain

by John Galt February 5, 2015 21:30 ET As the European Union, the financial media zipperheads on cable TV and in print, along with the mainstream media continues to refuse or understand the difference between an “inability to currently pay debts” and “insolvency” this little tidbit floated across my Twitter feed from none other than the United States version of the old Soviet Pravda, the New York Times: Ford Expands Operations in Spain for Export Business So the thinking is that because wages are depressed under orders from the European Central…


Video of the Royal Jordanian Air Force doing the Job Obama Won’t Do against ISIS

by John Galt February 5, 2015 21:00 ET Below is video of real men allowed to fight while Obama hides behind his Imam’s skirts…..Kudos to the RJAF for bringing the heat to the ISIS scum. Royal Jordanian Air Force process martyr Maaz I guess the Jordanian King has balls. Too bad the US President has sold his to the Muslim Brotherhood and Islamist terror. Too bad our military is not allowed to really attack ISIS and can only hit used Toyota pick-up trucks instead of the heavy armor we left for…


02.05 Ukraine Update: Debaltseve Pocket Collapsing; 50,000 Russian Troops on Ukraine Border (Videos also)

by John Galt February 5, 2015 20:30 ET From ABC News tonight: And now this update late tonight from the Ukrainian News website RBC.ua: (translated via Google) In the DNI said that militants blocked Debaltseve RBC.ua 05/02/2015 21:23 In the self-proclaimed “Donetsk People’s Republic” said the militants blocked the outskirts of the city of Donetsk region Debaltseve. This was stated today, “deputy commander of the Ministry of Defense Corps” DNR Edward Basurin transmits separatist “Donetsk news agency.” “Our units are locked Debaltseve margin,” – he said. According to the representative of…


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