/ES HOURLY - not the way double bottom looks

Iraq 3.0 - Obama Weighs Airstrikes or Aid to Help Trapped Iraqis, Officials Say

WASHINGTON — President Obama is considering airstrikes or airdrops of food and medicine to address a humanitarian crisis among as many as 40,000 religious minorities in Iraq who have been dying of heat and thirst on a mountaintop after death threats from the Islamic State in Iraq and Syria, administration officials said on Thursday.

 

It is all Russia’s fault now

And playbook never changes – first we have economic collapse, then we need to find external enemy to blame – details change, but storyline never does.

 

Nevertheless it is quite amusing how USsA/EU expect Russia to just roll over and take all the “punishment” failed world’s economies place on it??? WEALLY???

 

And – as expected – ECB’s [Pinocchio] Draghi gauges Russian risks to EU recovery

 

FRANKFURT— European Central Bank President Mario Draghi Thursday said it is too early to judge whether Russia’s sanctions on European Union exports will have a significant impact on the euro zone’s modest economic recovery.

However, he indicated that unless there is an escalation in the exchange of sanctions between the bloc and the Kremlin, the recovery is likely to continue.

“It is hard to assess this impact at the beginning of the crisis,” Draghi said in a news conference after the central bank’s decision to leave its interest rates unchanged. “Looking at the figures for trade and financial flows, by and large they reveal a picture of very limited interconnections.”

History lesson for ignorant:

How were trade sanctions against Japan the reason for starting World War 2 against the US?

These actions forced what Stimpson wrote in his diary as the actions he hoped for to force the Japanese to take the first shot. The Japanese did take action on December 7th by attacking the US base at Pearl Harbor and against the Philippines.

Nigeria confirms five more Ebola cases

Nigeria on Wednesday confirmed five new cases of Ebola in Lagos and a second death from the virus, bringing the total number of infections in sub-Saharan Africa's largest city to seven.

"Nigeria has now recorded 7 confirmed cases of Ebola Virus Disease (EVB)" health minister Onyebuchi Chukwu said.

Those who have died include the "index patient," a Liberian who brought the virus to Lagos on July 20, and a nurse who treated him, the minister added.

 

Ebola: Global experts begin emergency talks at WHO

On Wednesday, a man suspected to have contracted Ebola died in Saudi Arabia. If confirmed, this will be the first Ebola-related death outside of Africa.
The virus has killed nearly 900 people since February in West Africa.

“Assuming that they take this action, it would be blatant protectionism”

Taste of USsA’s own medicine

 

 

July 29 (Bloomberg) -- Facing tougher sanctions over Ukraine, Russia said yesterday it may ban imports of chicken from the U.S. and fruit from Europe and is investigating McDonald’s Corp. cheese for safety.

Meanwhile, a Russian lawmaker has drafted legislation that might result in U.S. accounting firms such as Deloitte LLP and KPMG LLP being barred from doing business in his country.

The ONLY chart you care about now

When the Music Stops

Similarly looking visual arts – it is getting awfully close

The Magic of Whole Numbers AKA SPX2000

It is a human nature to admire and submit to unproven magic of numbers, in this case market needs to hit SPX 2000, but after that, especially in the period from July 7th to July19th sharp correction could be quite possible.

Move is getting closer–VIX ready to move up?