Monday, January 30, 2012
Submitted by Tyler Durden: Following the Fed's somewhat downbeat perspective on growth, confidence in investors' minds that the US can decouple has been temporarily jilted back to reality. It is of course no surprise and as the World Bank points out half of the world's approximately $15 trillion trade in goods and services involves Europe. So the next time some talking head uses the word decoupling (ignoring 8.5 sigma Dallas Fed prints for the statistical folly that they are), perhaps pointing them to the facts of explicit (US-Europe) and implicit (Europe-Asia-US) trade flow impact of a deepening European recession/depression will reign in their exuberance.
Submitted by Tyler Durden: For months now we have been following US naval developments and deployments in the Arabian Sea, which serve one purpose and one purpose only - to demonstrate US military strength in the Straits of Hormuz region and to keep Iranian 'offensive passions' subdued. Yet never has the US had a total of three aircraft carrier groups in the vicinity, always topping out at 2 in the Bahrain-based Fifth Fleet, most recently these being the CVN-70 Vinson and CVN 72 Lincoln, with a third boat present merely until a rotation in or out of the theater of operations was complete. That is about to change, and with it the prevailing price of Brent, which we are confident is about to take a new step wise price higher as the US makes it all too clear what the endgame is, because as Naval Today reports, the "US navy to deploy third carrier group to Persian Gulf", probably the CVN-77 George H.W. Bush which departed Norfolk two weeks ago according to the most recent naval update.
From Naval Today:
US Navy to Deploy Third Carrier Group to Persian Gulf
Spy drones are just the tip of the security iceberg for the UK as it readies itself for the greatest sporting show on earth. Taking the danger of terror seriously, London's Olympic preparations are calling on all corners of the nation's defenses.
There will also be warships anchored on the Thames; attack helicopters on standby, and ground-to-air missiles ready to launch. All that, before you even get to the fascist security on the ground. Such measures, however, will complete the turning of the the capital into a city under siege and prove to be ineffective.
Spectators may know for whom they are rooting at the Olympics, but they will not know who is watching them while they are at it. With surveillance drones circling the skies of London and police using spy cameras that will leave no place unwatched, privacy campaigners fear it is the start of a slippery slope.
“I think it'll be an absolute tragedy for Britain if the largest part of the Olympics legacy was a surveillance legacy, where we install all this equipment in the name of national security and when the Olympics are over we keep using it,”
Police in Oakland, California, have used tear-gas and flash-grenades as a 2,000-strong Occupy Oakland march turned violent, with some protesters claiming that rubber bullets were also fired into the crowd. At least 500(update>>) people were arrested.