The wave of humanity through the US-Mexico border continues.
162K people have entered the US on the southern border over the last eight
months. 50K are children many unsupervised so the crisis is festering for
several months. Over the last few weeks, 50K immigrants have been detained at
the Mexican border and 10K are children without parental supervision. The
numbers are growing. Vice President Biden is in Central America to stem the flood
of immigrants northward by reversing the word-of-mouth campaign across Central
America that America is relaxing the immigration laws.
Many are fleeing El Salvador, Guatemala, Nicaragua and
Honduras for their safety since gangs are forcing the young to join-up or die.
The gangs are active in murder, rape, corruption and extortion. The situation
is a humanitarian nightmare and will take millions, if not billions, of US dollars
to handle all the unsupervised children. President Obama already has his hands
full with the ongoing IRS, VA, Benghazi and other scandals, and now has created
a new mess due to his non-enforcement of immigration laws. Ongoing polls show Americans
are continuing to lose confidence in the president. Consumer staples companies
such as PG and KMB that provide soap, toilet paper and personal hygiene products
will benefit from the influx of children into the US.
Secretary of State Kerry lands in Cairo to discuss the
deteriorating Iraq situation then plans to travel to Iraq. The Sunni ISIS
extremists capture four additional towns in western Iraq. The Kurds in northern
Iraq continue to break away towards independence and now Turkey is accepting of
this outcome when previously they did not. The Kurdish fighters, the Pershmerga,
are well organized and a formidable force that are holding the ISIS radicals at
bay. The Iraqi army, trained by the US, is trying to show force and rebuild their
image and confidence after deserting and retreating from the fight against ISIS.
The developing civil war in Iraq is a Sunni-Shiite conflict
that may create world war across the Middle East. Iran (Shiite) offers help to
stop the Sunni radicals before they near their border. The Saudi’s and Kuwait
(Sunni) are backing the ISIS radicals. The situation is spinning out of
control. ISIS wants to establish an Islamic caliphate which is a fancy word that
means taking control of a region (eastern Syria and Iraq) and placing it under
strict Islamic law; which ISIS is successful in accomplishing currently.
WTIC oil begins the week at 106.83 sticky at the 106-107
level so the pivot from here........
[Text is Redacted: Purchase June 2014-06 to Read the Complete Chronology]
ECB President Mario Draghi says the European recovery is weak and unevenly distributed. Draghi says interest rates will remain low over a long period and unlimited liquidity will be in place into 2016. The central bankers have gone mad, as well as traders and investors. The world is drunk on central banker wine. Global stock markets simply move higher due to obscene central banker money printing. Traders are enjoying and raping the market upside while the party lasts since a multi-year hangover is very likely once confidence is lost in the central banker market-makers.
[Text is Redacted: Purchase June 2014-06 to Read the Complete Chronology]
ECB President Mario Draghi says the European recovery is weak and unevenly distributed. Draghi says interest rates will remain low over a long period and unlimited liquidity will be in place into 2016. The central bankers have gone mad, as well as traders and investors. The world is drunk on central banker wine. Global stock markets simply move higher due to obscene central banker money printing. Traders are enjoying and raping the market upside while the party lasts since a multi-year hangover is very likely once confidence is lost in the central banker market-makers.
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