Monday, August 11, 2014

MONDAY 8/11/14; African Bank Bailout; Global Stock Market Rally; PCLN; SYY; CZR; RAX

Economic data shows that China is receiving less bang for its buck as it continues to stimulate the economy. Monetary policy is not as effective as it was a few years ago, however, the Chinese



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 share offering which will dilute the existing shares.

The Whitehouse is backing the new Iraq PM Haider al-Abadi but Nouri al-Maliki remains in power and is not planning to go anywhere. The Whitehouse continues to hope for an inclusive government of Sunni, Shiite and Kurds while the ISIS Sunni radicals and Shiite kill each other. Thousands of Christians and Yazidi people remain stranded on Mt Sinjar in northern Iraq with relief efforts underway. Iraq is in chaos.


Russia wants to team up with the Red Cross to provide aid to East Ukraine, however, the West and Ukraine believes the offer is a ruse to send troops deeper into the Ukraine to destabilize the country as well as creating a stronger Russian presence in Ukraine. While President Obama is hob-knobbing with the wealthy one percent at Martha’s Vineyard, playground of the rich and famous, President Putin is a fox sneaking into the Ukraine hen house.

The ebola outbreak is deemed the worse ebola outbreak in history. If ebola appears in Europe or North America the fear over the deadly disease will ramp up exponentially.

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