Ebola, which I believe to be another manufactured crisis, apparently has another victim in the U.S. No doubt, things are going according to plan. -W.E.
Soldiers’ health will be monitored through surveys and taking their temperature on their way in and out of camps. If a service member does get sick, Rodriguez said they will be flown home immediately for treatment.Next week, the 101st Airborne will hold a traditional pre-deployment ceremony, known as a “color casing”, before departing for Liberia, though a handful of soldiers are already on the ground.
As if the world didn't have enough to be worried about (ISIS, Ebola, slowing China, Ukraine, slowing Germany, Fed tightening, etc.) now look what's back: Greece. And in a big way.In general, markets tend to fall faster than they rise.
The stock market is down over 9% on Wednesday, which is about as big as crashes come.
And the banks are getting absolutely smashed.
Volume leader Bank of America, down 5%, Citigroup, off 5.5%, and JP Morgan, down 4.6%, were particularly hard hit.And thanks to Ebola fears, airline stocks plummeted as well...
Airline stocks were roiled by the prospects of curtailed travel due to the spreading Ebola virus. United Continental fell 4% and American Airlines was off 4.3%. Among tech stocks, Intel lost 3.3%. Apple fell 1.7% and Microsoft slipped 2.3%.An increasing number of voices are concerned that we could be on the verge of a repeat of what happened back in 2008.
Others are even more pessimistic. For example, just check out what Daniel Ameduri of Future Money Trends recently told his readers...My acceleration indicator has been flagging that the stock market was due for a fall since mid-2013.It's a tribute to the power of the Fed's Quantitative Easing that the market continued to defy the gravity of decelerating debt for so long. QE was really a program to inflate asset prices since, as my colleague Michael Hudson puts it, "the Fed's helicopter money fell on Wall Street, not Main Street".But with QE being unwound, the stock market is now back under the control of the not so tender mercies of excessive private debt.So welcome to the New Crisis -- same as the Old Crisis. The roller coaster ride is likely to continue.
"If it drops below 15,000 points I would suggest people start buying food and ammo, because this depression is about to turn nasty."However, keep in mind that not that much has really changed from a month or two ago.
|Demonstrators demand a travel ban outside the White House on Oct. 16 to stop the spread of the Ebola virus. Photo: Getty Images|
|Rep. Peter King|