• Pivotfarm
    07/07/2015 - 13:55
    Corruption has been the coveted jewel in everybody’s crown since antiquity. Aristotelian philosophy believed that everybody who had power could become corrupt.

Israel

Tyler Durden's picture

Frontrunning: July 16





  • BRICS set up bank to counter Western hold on global finances (Reuters)
  • Fed's Yellen Hedges Her View on Rates (Hilsenrath)
  • China GDP Grows 7.5% in Second Quarter (WSJ)
  • Get More Acquainted With Your Knees as Boeing Reworks 737 (BBG)
  • Israel Warns Gazans of New Attack After Hamas Rejects Truce (WSJ)
  • Israel poised for Gaza incursions after truce collapses (Reuters)
  • China Housing Sales Fall in First Half of 2014 (WSJ)
  • IBM to offer iPads and iPhones for business users (Reuters)
  • Fed's George says strengthening economy warrants quick rate rise (Reuters)
 
Tyler Durden's picture

Frontrunning: July 15





  • Microsoft to announce biggest round of job cuts in 5 years (BBG)
  • Palestinian rocket fire persists, Israel warns truce at risk (Reuters)
  • China tells U.S. to stay out of South China Seas dispute (Reuters)
  • Merkel Resists Sundering U.S. Ties Over Spying Affair (BBG)
  • BES slide, tumbling German sentiment hit markets (Reuters)
  • Top 1 Percent Is Even Richer Than Surveys Say, ECB Paper Finds (BBG)
  • Puerto Rico Utility May Default on January Interest Payment (BBG)
  • Can't Get a Job From an Algorithm, or So It Seems as Hot Resumes Go Nowhere Fast (BBG)
  • Bank of China-CCTV drama may reveal power struggle in Beijing (SCMP)
 
George Washington's picture

Israel v. Gaza: The Big Picture





Primer On Israeli War In Gaza

 
Tyler Durden's picture

"The US Has Only Succeeded In Accelerating Middle East Disintegration"





What’s changed is the perception that the USA has any role to play any longer even in the diplomatic theatrics. The Middle East is disintegrating faster than any polity in historical memory. It appears that, if anything, the USA has only succeeded in accelerating the process wherever we turn our attentions. Since the 1970s, we haven’t felt the ultimate consequence of trouble in that part of the world, which would be an interruption in the oil supply coming out of there. Simply put, it shapes up as a struggle to the death that will not be impeded by reason, the good intentions of others, or sentimentality.

 
Tyler Durden's picture

US Foreign Policy In Shambles: Global Crises Worst Since 1970 As Obama Golfs





If one were so inclined, one could imagine that the relentless barrage of domestic scandals plaguing Obama have been orchestrated with a simple reason: to divert attention from the worst US foreign policy in four decades. And sure enough, even a casual glimpse of all the raging international crises, in which the US is currently embroiled, is enough to make one wonder if the next global crisis will be fought not in the capital markets but in the actual battlefield. As the WSJ recounts, "a convergence of security crises is playing out around the globe, from the Palestinian territories and Iraq to Ukraine and the South China Sea, posing a serious challenge to President Barack Obama's foreign policy and reflecting a world in which U.S. global power seems increasingly tenuous. The breadth of global instability now unfolding hasn't been seen since the late 1970s, U.S. security strategists say, when the Soviet Union invaded Afghanistan, revolutionary Islamists took power in Iran, and Southeast Asia was reeling in the wake of the U.S. exit from Vietnam."

 
Tyler Durden's picture

Futures Levitate As Portugal Troubles Swept Under The Rug





Another round of overnight risk on exuberance helped Europe forget all about last week's Banco Espirito Santo worries, which earlier today announced a new CEO and executive team, concurrently with the announcement by the Espirito Santo family of a sale of 4.99% of the company to an unknown party, withe the proceeds used to repay a margin loan, issued during the bank's capital increase in May. This initially sent the stock of BES surging only to see it tumble promptly thereafter even despite the continuation of a short selling bank in BES shares this morning. Far more impotantly to macro risk, it was that 2013 staple, the European open surge in the USDJPY that has reset risk levels higher, while pushing gold lower by over 1% following the usual dump through the entire bid stack in overnight low volume trading. Clearly nothing has been fixed in Portugal, although at least for now, the investing community appears to have convinced itself that the slow motion wreck of Portugal's largest bank even after on Sunday, Portugal’s prime minister said taxpayers would not be called on to bail out failing banks, making clear there would be no state support for BES.

 
Tyler Durden's picture

Thousands Evacuate Gaza After Israeli Warning Of "Short And Temporary" Bombing Campaign





"To the residents of Beit Lahiya, The IDF intends to attack terrorists and terror infrastructures in the area east of Al-Atatra and Al-Salatin St., and in the area west and north of Ma'bscar Jabalyia. Israel is currently attacking, and will continue to attack, every area from which rockets are being launched at its territory.

The civilians are requested to evacuate their residences immediately and move by 12:00 PM today, south of Jabalyia Al-Badr via Shar'a Al-Faluja.  The IDF's campaign is to be short and temporary. Those who fail to comply with the instructions will endanger their lives and the lives of their families.

Beware."

 
Tyler Durden's picture

Israel Launches Ground Operation In Gaza: Special Forces Raid Alleged Rocket Compound





 
Tyler Durden's picture

Caught On Tape: Reporter Hit By Shell In Gaza





We earlier showed the close-up-and-personal images from the bombing raids between Hamas/ISIS/Al-Qaeda and Israel; but the following clip (which we still have not heard the final conclusion of) shows just how much of a 'surprise' these shellings can be... as a reporter is hit by a shell live on air.

 
Tyler Durden's picture

Israel Releases Videos Of Bombing Raids As Gaza Casualties Top 100





Israel's bombing campaign of Gaza shows no signs of abating: as WaPo reports "Israel widened its air assault against the Gaza Strip’s Hamas rulers on Saturday, hitting a mosque it said was hiding rockets" as well as a school which it said was used by Hamas as a cover, "as Palestinians said their death toll from the five-day offensive rose to over 125." The military said it has struck more than 1,100 targets, including Hamas rocket launchers, command centers and weapon manufacturing and storage facilities, in a bid to stop relentless rocket fire coming Gaza. Officials in the territory said that besides the mosque, the strikes also hit Hamas-affiliated charities and banks, as well as a home for the disabled, killing two women.

 
Tyler Durden's picture

Is It Time To Sell The "Old Guy At A Club" Market?





It’s time to think like a contrarian. Why? Because capital markets seem as bulletproof as one of those up-armored military personnel carriers you see in war zones. So what could really rattle stock, bond and commodity markets over the next 3-6 months? The go-to answer, steeped in history, is geopolitical crisis, where the logical hedges are precious metals, volatility plays, and possibly crude oil. Look deeper, however, and other answers emerge.

 
George Washington's picture

Israel Is Bombing Gaza Back to the Stone Age to Get Hamas ... But ISIS – NOT HAMAS – Claims Credit for Attacks Against Israel





And Hamas Had Nothing to Gain – And Everything to Lose – By Starting Violence Now

 
Tyler Durden's picture

Frontrunning: July 11





  • Carl Icahn says 'time to be cautious' on U.S. stocks (Reuters)
  • Banco Espirito Santo Lifts Lid on Exposure to Group (BBG)
  • Slowing Customer Traffic Worries U.S. Retailers (WSJ)
  • Insurgents enter military base northeast of Baghdad (Reuters)
  • Obama tells Israel U.S. ready to help end hostilities (Reuters)
  • Japan economics minister warns of premature QE exit, sees room for more easing (Reuters)
  • Greek Banks See Quadrupling of Housing Loans by Next Year (BBG) ... to fund buybacks like in the US?
  • Piggy Banks Being Raided Signal Swedish Housing Dilemma (BBG)
  • London Seeks New Spenders as Russians Skip $719 Champagne (BBG)
 
tedbits's picture

Weekly Wrap - July 11, 2014





This week was interesting to say the least and it is ending with a bang.  We are covering a number of brief subjects this week.  I hope you enjoy them.

 
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