Loading ...[DYOD–DYOD]–since that nagging fear of waking up to gold down $50–a la april 2013–has been somewhat mitigated for now by the 3rd test of the 1180 area=
If ISIS has indeed arrived, it is likely that things will rapidly move from here, as Baghdad contains numerous ISIS sleeper cells that carry out almost daily bombings and assassinations.
An Iraqi officer told CBS News that the airstrikes are helping to clear an ISIS-free buffer zone around the city, where there are Iraqi boots on the ground. In fact, there are 60,000 men assigned to defend the capital, and CBS News correspondent David Martin reports that there are 12 teams of American advisers deployed with the Iraqi brigades.
LOL “advisers.” The same advisers who estimate that the Iraqi army will fight for the capital and there is no real concern that Baghdad is in imminent danger. Alas, any bets that the Iraq army can do anything do oppose ISIS can only generate deep laughter: “as at least three major Iraqi military debacles have shown over the past five months — the most stunning being the quick fall of Mosul in the north — the army is plagued with problems of poor leadership and endemic corruption that undermine their effectiveness as a fighting force.”
As Martin reported from the Pentagon on Thursday, due to the relatively poor performance of the Iraqi troops west of Baghdad, the airstrikes are having a limited impact.
For those who have lost the plot line by this point, here is a summary: the US is blaming the army that the US spent billions to equip and tradin for being unable to defend against a jihadist force that the US spent billions to equip and train.
Meanwhile, the US is closer and closer to losing the laughable “adivser” moniker, and calling the local boots on the ground for what they are. It got that much closer to doing that over the weekend when the US used Apache attack helicopters — for the first time in the fight against ISIS — in Anbar province on Sunday.
Last week, the fighting in Anbar verged on a rout of the Iraqi army, Martin reports. In the past few days the ISIS offensive has slowed, but analysts aren’t sure if that’s because ISIS is overextended or are simply taking an “operational pause” while they reposition for the resumption of the offensive. Judging by the sudden renaissance of oil, at least it is clear what crude traders are thinking right about now.