So much for the historical correlations that underpin traditional asset allocation:
equities at record highs, gold setting another record (chart below), credit spreads at or near historic lows, and bonds back in ‘bull market’ territory
The union comes four decades after the pair became central figures in the controversial covert sale of weapons to Iran by the U.S., with proceeds funneled to the Contra rebels fighting to overthrow Nicaragua’s left-wing Sandinista government.Fawn Hall used the infamous line “Sometimes you have to go above the written law" during the 1987 Iran-Contra hearings. Bettmann Archive The wedding was described as “low-key,” and none of North’s four children attended. “It was a secret marriage,” one friend of the couple told Isikoff.
North, who served on the National Security Council (NSC) staff under President Ronald Reagan, played a key role in facilitating the secret arms sales to Iran and diverting the funds to the Contras. . .
At the time, U.S. aid to the Contras was prohibited under the Boland Amendments. Iran was also considered a hostile regime following the 1979 Islamic Revolution and the subsequent hostage crisis, in which more than 50 Americans were held for over a year at the U.S. Embassy in Tehran.
Hall, North’s secretary on the NSC staff in the 1980s, also played a significant role in covering up the scandal. She helped North shred documents related to the arms deals and even took the audacious step to smuggle papers out of the White House in her boots and tucked them into the back of her skirt to prevent investigators from finding them.
The current British Ambassador to the United States Peter Mandelson described Jeffrey Epstein as his “best pal” in a handwritten ten-page letter released by the US House Oversight Committee on Monday.
British ambassador to U.S. penned ten-page ‘love’ letter to ‘best pal’ Epstein (PHOTOS)
The note was part of a book the sex offender’s accomplice, Ghislaine Maxwell, compiled for his 50th birthday
The message, written for Epstein’s 50th birthday in 2003, was included in a bound “birthday book”
compiled by Epstein’s longtime associate Ghislaine Maxwell.
The letter,
interspersed with photographs of Mandelson, Epstein, and various
settings linked to the financier, portrays Epstein as an “intelligent, sharp-witted” and “mysterious” man who “once upon a time… parachuted” into Mandelson’s life.