NATO RULES OUT UKRAINE NO-FLY ZONE: ‘PAINFUL DECISION.’ NATO secretary says no-fly zone ‘would end up with something that could end in a full-fledged war in Europe involving many more countries.’

NATO nations will not impose a no-fly zone over Ukraine, despite pleas from some in Ukraine. Secretary Jens Stoltenberg called it a “painful decision,” saying that NATO has a responsibility not to escalate the conflict by engaging Russian forces directly …

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Yemen tells Saudi Arabia to prepare for a “painful response” following intensified Saudi bombing campaign of civilian areas

“During a recent political talk show on RT Arabic, Saudi military expert Mohammad al-Qabibaan defended the recent intense escalation of the Saudi-led coalition’s bombardment campaign in Yemen, describing the relentless airstrikes of recent weeks as ‘successful operations’ designed to force …

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Painful Selling: Fed Gold-Futures Purge

by Adam Hamilton of Zeal LLC Gold was crushed this week following the latest Federal Open Market Committee decision.  While the Fed didn’t taper quantitative easing or hike interest rates, Fed officials’ predictions of future rates proved more hawkish than expected.  That ignited …

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Chart: Mean-reversion can be painful

Chart: Mean-reversion can be painful – pic.twitter.com/4jFVAewG08 — (((The Daily Shot))) (@SoberLook) December 18, 2018 … vs. China – pic.twitter.com/9h09yKVdB8 — (((The Daily Shot))) (@SoberLook) December 18, 2018