I’ve received a few emails asking why I continue to talk about the Ukraine. Quite simply, I think this isn’t too far removed from the Bay of Pigs situation. I think the potential for large mistakes to be made.
Also, it provides interesting cover for what is going on right here.
Ben Bernanke got paid $250,000 to speak in Abu Dhabi. Nice change for a speech. What did he say in his first confessional speech? America was too overconfident. Simple explanation for the decimation of the middle class. Several other interesting comments came from that conversation as well.
ISM services headline index experienced it’s biggest drop since March 2010.
So we’ll dive in to the distractions – and the truth.