The most disturbing aspect of #Iran's drone attacks on Saudi oil facilities is the cost of the weapons involved: cheap #drones defeated multi-million dollar defense technologies. Virtually every nation on Earth can afford drones. Only a handful of nations can afford Patriot...See more

The Madness of Central Banks: One need not have a PhD in economics to recognize that negative interest rates are financial lunacy. Who in their right mind would actually pay someone to take out a loan? But negative interest rates are far worse than that. By eradicating interest...See more

With a PMI of just 41.4, the bottom has fallen out of the German manufacturing sector. Germany was already heading for recession when the #ECB went negative on interest rates. Instead of stimulating the #economy, negative rates signal a lack of confidence in the economy and...See more