By George Friedman, Founder and Chairman, Stratfor
Ever since the end of the Cold War, there has been an assumption that conventional warfare between reasonably developed nation-states had been abolished. During the 1990s, it was expected that the primary purpose of the military would be operations other than war, such as peacekeeping, disaster relief and the change of oppressive regimes. After 9/11, many began speaking of asymmetric warfare and "the long war." Under this model, the United States would be engaged in counterterrorism activities in a broad area of the Islamic world for a very long time. Peer-to-peer conflict seemed obsolete.
Written by Steven Hansen
Econintersect analysis is that total consumer credit growth decelerated 0.2% month-over-month, and the year-over-year growth is 5.7%. The seasonally adjusted consumer credit headlines are showing a growth of 6.5%. The underlying dynamics are very interesting this month as there was a deceleration in the unadjusted data growth in both revolving and non-revolving credit.
Storage Glut Moving from Cushing to Gulf Coast
by EconMatters, EconMatters.com
As Cushing supplies decline due to increased logistic options out of the storage hub in the Midwest PADD 2 in Cushing, Oklahoma inventories are rising to elevated levels in the Gulf Coast which eventually will provide the bottleneck and back up oil flows all along the supply and logistics chain.
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