Kuwait

New President, New World

The old order is passing away. Treaties and alliances dating from the Cold War are ceasing to be relevant and cannot long be sustained. The greater danger for President Trump is that the movement he led will be abandoned, its hopes dashed, and the agenda that Trump rejected and routed will be reimposed by a Republican Establishment and its collaborators in politics and the press.

The Truth About Venezuela's "Economic War"

President Maduro is correct. Venezuela’s economic woes are indeed the result of economic war and mafia attacks. But Venezuela’s political elites are the mafia, and they alone have waged a decades-long economic war on Venezuela’s people.

Does A Rogue Deep State Have Trump's Back?

Rather than being the bad guys, as per the usual Liberal world-view, the Armed Forces may well play a key role in reducing the utterly toxic influence of neocon-neoliberals within the Deep State.

If You Think "Fake News" Is A New Phenomenon, You're Wrong

The “fog of war” erupts in the confusion caused by the chaos of war. And in the media, it’s an intentional phenomenon that makes it difficult to separate fact from fiction. While the battles over war narratives evolve, they all have a common goal: to distort reality on the ground.

Poland Acquires First Strike Capability To Pose Threat To Russia

There are reasons to believe that 2017 will be the year when tensions in the Old Continent are reduced. The Russian Foreign Ministry has just confirmed this view in a statement. But Poland seems to be marching out of step. The JASSM-ER deal is a highly provocative step towards Russia undermining the security of Europe and positioning Poland at the frontline of the arms race.

The Fourth-Generation War

For most people, the term “4GW” will conjure visions of a new and improved data service for their mobile devices. For members of the military and intelligence community, 4GW means something entirely different: Fourth-Generation Warfare, a form of warfare where the lines between civilians and combatants, political and military goals, and even the weapons to be used in fighting the war are blurred. Smudged to the point where even identifying the warring parties is difficult.

US Futures Flat Ahead Of December Payrolls; Dollar Rebounds

European shares fell modestly, Asian equities declined for the first day in three, and US equity futures were unchanged before the December U.S. nonfarm payrolls report. China’s offshore yuan fell the most in a year to pare a record weekly rally, while Mexico’s peso climbed after the central bank sold dollars. Oil was trading lower in early trading.

Frontrunning: January 5

  • Dollar Posts Biggest Drop Since Trump's Win (BBG)
  • World stocks hit 1-1/2 year high after strong China data (Reuters)
  • Apple pulls New York Times apps in China after government request (Reuters)
  • Macy’s Axes Jobs and Stores, Echoes Kohl’s on Weak Holiday (WSJ)
  • India’s Cash Woes Are Just Beginning (BBG)

OPEC Deal Non-Compliance Begins: Iraq Accuses Kurds Of Pumping More Than Permitted

Not even a week has passed since the Vienna OPEC production cut deal was launched, and already Iraq's Prime Minister Haider al-Abadi accused autonomous Kurdish region of non-compliance and exporting more than double its allocated share: "The region is exporting more than its share, more than the 17 percent stated in the budget."

Oil Hits 18 Month High On Reports Kuwait, Oman Cut Crude Output

Oil prices hit 18-month highs on the first full trading day of 2017, following reports by Al-Ansa newspaper that OPEC member Kuwait has cut output by 130,000 barrels a day to about 2.75 million a day, according to Kuwait Oil Co. Chief Executive Officer Jamal Jaafer. Meanwhile, Oman was sait to cut 45,000 barrels a day from 1.01 million, the Oil Ministry’s Director of Marketing Ali Al-Riyami said on Oman TV.

What Keeps Goldman Up At Night About 2017

Between China, credit markets, financial conditions, political uncertainty, the consequences of Brexit, the presidential elections, global trade, the risk of sharp reflation, and the impotence of central banking, here are the top things that keep Goldman Sachs up at night about 2017.

Thursday Humor? Oman To Join Saudi "Anti-Terror Alliance"

While we can understand shifting regional alliances, we - and everyone else - laughed out loud when reading that in order to show his "ideological proximity" to the Saudis, Oman’s defense minister sent a letter to Deputy Crown Prince Mohammed bin Salman, in which the small Gulf nation decided to join the... wait for it, Islamic Military Alliance Against Terrorism.