from MacroScope:

A long haul

By Mike Peacock
September 24, 2014

U.S. Navy handout shows EA-6B Prowler attached to the Garudas of Electronic Attack Squadron 134 landing aboard the aircraft carrier USS George H.W. Bush after conducting strike missions against Islamic State targets, in the Gulf

Having largely sailed through this year’s choppy (to say the least) geopolitical waters, markets are a little discomfited by U.S. air strikes in Syria targeting Islamic State militants ... though only a little.

from MacroScope:

Showdown for Hollande

By Mike Peacock
September 16, 2014

French President Hollande and Finance Minister Sapin take part in the assizes for financing and investment at the Elysee Palace in Paris

The French government faces a confidence vote in the national assembly after President Francois Hollande and his prime minister, Manuel Valls, ousted dissident ministers in a signal perhaps that they are prepared to push ahead with unpopular structural reforms to breathe life into a moribund economy.

from The Great Debate:

To beat Islamic State, Obama needs Iran

By William B. Quandt
September 11, 2014

Masked Sunni gunmen pray during a patrol outside the city of Falluja

President Barack Obama delivered a speech Wednesday night designed for an American public that has been losing confidence in its commander in chief.  Much of his address was about attitude -- we are tough, we will act, we will prevail, but we will do all this with airpower, not boots on the ground (or not many) and in cooperation with friends and allies. This mission will not be a repeat of Afghanistan or Iraq (President George W. Bush’s wars), Obama promised, but will be more like Obama’s campaigns against al Qaeda -- don’t forget he killed Osama bin Laden! -- and the continuing strikes against radical Islamists in Somalia and Yemen.

from MacroScope:

Margin for error

By Mike Peacock
September 11, 2014

A Union Flag and Scottish Saltire fly over Britain's Cabinet Office in central London

Another day, another Scottish opinion poll and this time a different message, but only slightly.

from The Great Debate:

Obama is picking his targets in Iraq and Syria while missing the point

By Andrew J. Bacevich
September 10, 2014

U.S. President Barack Obama makes remarks on the situation in Syria, in Washington

“We are now living in what we might as well admit is the Age of Iraq,” New York Times op-ed columnist David Brooks recently wrote.  There, in the Land of the Two Rivers, he continued, the United States confronts the “core problem” of our era -- “the interaction between failing secular governance and radical Islam.”

from The Great Debate:

If U.S. joins Islamic State fight, how will it get out?

By Bill Schneider
September 10, 2014

U.S. President Barack Obama delivers a statement from Martha's Vineyard, Massachusetts

When President Barack Obama makes the case for military action against Islamic State militants on Wednesday night, it won't be hard to convince Americans to get involved in the conflict. The hard part will be explaining how we get out.

from MacroScope:

Too close to call

By Mike Peacock
September 9, 2014

Cakes are seen at a tea-party organised by members of the group 'English Scots for YES' near Berwick-upon-Tweed on the border between England and Scotland

A second opinion poll in three days has put the Scottish independence vote as too close to call.

from MacroScope:

10 days to define the United Kingdom

By Mike Peacock
September 8, 2014

The Flag of Scotland, the Saltire, blows in the wind near Berwick-upon-Tweed on the border between England and Scotland

The earthquake may be about to happen. Over the weekend the first opinion poll putting the independence campaign ahead landed with a resounding thump.

from MacroScope:

What’s it all about, Mario?

By Mike Peacock
September 4, 2014

RTR3OB5X.jpg

It’s ECB day and after Mario Draghi’s recent dramatic utterances, expectation for fresh action has grown, expectations which are likely largely to be dashed.

from MacroScope:

Over to Obama

By Mike Peacock
September 3, 2014

U.S. President Barack Obama walks towards Air Force One before departing for Estonia while at Andrews Air Force Base outside Washington

Barack Obama is in Estonia before the NATO summit in Wales intending to pressure Vladimir Putin to back off in Ukraine. The rhetoric will be strong – not least about protecting the Baltics under NATO’s umbrella.