Kuwait
Peak Sovereign Wealth Fund?
Submitted by Tyler Durden on 10/10/2015 15:00 -0500Even with the drop in oil prices, the $7 trillion invested in Sovereign Wealth Funds makes them important participants in global capital markets; what they do, even at the margin, matters.
The REAL Reason Saudi Arabia Hates Iran
Submitted by George Washington on 10/08/2015 13:16 -0500The Saudis Hate Iran Because It’s NOT a Monarchy
Is Russia Plotting To Bring Down OPEC?
Submitted by Tyler Durden on 10/06/2015 19:29 -0500Russia can be seen as maneuvering to split OPEC into two blocs, with Russia, although not a member, persuading the “Russian bloc” to isolate Saudi Arabia and the Gulf Arab OPEC members within OPEC. This might persuade the Saudis to seek a compromise with the have nots.
Central Banks' Secrecy & Silence On Gold Storage Arrangements
Submitted by Tyler Durden on 10/02/2015 19:05 -0500Whereas some central banks have become more forthcoming on where they claim their official gold reserves are stored, many of the world’s central banks remain secretive in this regard, with some central bank staff saying that they are not allowed to provide this information, and some central banks just ignoring the question when asked.
Something's Askew In This Market
Submitted by Tyler Durden on 09/17/2015 09:39 -0500CBOE's SKEW index - which measure traders' perceived risk of a major decline - in recent days has seen several readings in the 140?s, an extremely elevated level from a historical basis. The thing is, these readings are occurring amid circumstances unlike those during any other historical extreme reading – except for one. 10 of the 11 occurrences prior to 2015 could reasonably be considered non-contrarian warnings of at least sub-par returns to follow. You might say that these recent signs of extreme options distortion are themselves distorted.
Sep 14 - ECB Sees Euro Governance As Not Fit For Purpose
Submitted by Pivotfarm on 09/14/2015 06:07 -0500News That Matters
Sep 11 - David Tepper: Good Time To Take Money Off The Tablev
Submitted by Pivotfarm on 09/10/2015 18:40 -0500News That Matters
Iran Cuts Crude 'Selling Price' To Asia To 3-Year Low
Submitted by Tyler Durden on 09/10/2015 17:17 -0500In what appears to be a bid to lure Asian buyers to lock in longer-term supplies, Reuters reports that Iran has cut its quarterly selling price (for its flagship 'light' crude) to its lowest (relative to Saudi) since Q4 2012. According to recent tanker loading data, Iran's oil sales in September are set to hit a six-month low, and this price reduction is just one of the steps taken by the OPEC producer to ramp up output and regain market share lost since U.S. and European sanctions aimed at its nuclear program cut its crude oil exports by more than half.
Competing Gas Pipelines Are Fueling The Syrian War & Migrant Crisis
Submitted by Tyler Durden on 09/10/2015 13:42 -0500Don’t let anyone fool you: As we have detailed since 2013, sectarian strife in Syria has been engineered to provide cover for a war for access to oil and gas, and the power and money that come along with it.
Frontrunning: September 1
Submitted by Tyler Durden on 09/01/2015 06:34 -0500- B+
- Bank of America
- Bank of America
- Brazil
- California Public Employees' Retirement System
- China
- Congressional Budget Office
- Crude
- David Einhorn
- Eurozone
- Fail
- Greenlight
- Gross Domestic Product
- headlines
- Hong Kong
- Kuwait
- NASDAQ
- Natural Gas
- Obama Administration
- Real estate
- recovery
- Reuters
- Royal Bank of Scotland
- Transparency
- Wall Street Journal
- Yuan
- Charting the Market: New Month, Same China (BBG)
- China jitters send stocks tumbling (Reuters)
- Oil falls on weak China factory data (Reuters)
- Euro zone factory growth eases in August despite modest price rises (Reuters)
- Euro-Area Joblessness Falls to Lowest Level Since Early 2012 (BBG)
- Clinton friend advised on U.S. politics, foreign policy (Reuters)
- Korea exports slump as Asia's woes deepen (Reuters)
Mid-East Meltdown Continues: Stocks Sell-Off Across Petrodollar States
Submitted by Tyler Durden on 08/24/2015 06:52 -0500"Regional buyers need a lot of conviction to step in front of this speeding train [especially] in context of a rapidly changing economic environment."
Summarizing The "Black Monday" Carnage So Far
Submitted by Tyler Durden on 08/24/2015 05:48 -0500- 8.5%
- Bear Market
- BOE
- Bond
- Central Banks
- China
- Conference Board
- Consumer Confidence
- Consumer Sentiment
- Copper
- CPI
- Crude
- Crude Oil
- Dubai
- Equity Markets
- Eurozone
- fixed
- France
- Germany
- Glencore
- Global Economy
- Greece
- headlines
- Henderson
- India
- Iran
- Israel
- Japan
- Jim Reid
- Joe Biden
- Kuwait
- Michigan
- New Home Sales
- Nikkei
- OPEC
- Portugal
- Price Action
- Reuters
- Richmond Fed
- Saudi Arabia
- Shenzhen
- St Louis Fed
- St. Louis Fed
- University Of Michigan
- Volatility
- World Gold Council
- Yen
- Yuan
We warned on Friday, after last week's China rout, that the market is getting ahead of itself with its expectation of a RRR-cut by China as large as 100 bps. "The risk is that there isn't one." We were spot on, because not only was there no RRR cut, but Chinese stocks plunged, with the composite tumbling as much a 9% at one point, the most since 1996 when it dropped 9.4% in a single session. The session, as profile overnight was brutal, with about 2000 stocks trading by the -10% limit down, and other markets not doing any better: CSI 300 -8.8%, ChiNext -8.1%, Shenzhen Composite -7.7%. This was the biggest Chinese rout since 2007.
Why It Really All Comes Down To The Death Of The Petrodollar
Submitted by Tyler Durden on 08/23/2015 08:59 -0500- Barclays
- BATS
- Bond
- Borrowing Costs
- Brazil
- Budget Deficit
- Capital Markets
- Central Banks
- China
- Crude
- Deutsche Bank
- Dow Jones Industrial Average
- goldman sachs
- Goldman Sachs
- Iran
- Iraq
- Kazakhstan
- Kuwait
- LatAm
- Mexico
- Middle East
- Monetary Policy
- NASDAQ
- None
- OPEC
- ratings
- Renminbi
- Reserve Currency
- Reuters
- Saudi Arabia
- Sigma X
- Sigma X
- Yuan
Last week, in the global currency war’s latest escalation, Kazakhstan instituted a free float for the tenge causing the currency to immediately plunge by some 25%. The rationale behind the move was clear enough. What might not be as clear is how recent events in developing economy FX markets stem from a seismic shift we began discussing late last year - namely, the death of the petrodollar system which has served to underwrite decades of dollar dominance and was, until recently, a fixture of the post-war global economic order.
Saudis Could Face An Open Revolt At Next OPEC Meeting
Submitted by Tyler Durden on 08/21/2015 12:57 -0500OPEC next gathers December 4 in Vienna, just over a year since Saudi Oil Minister Ali Al-Naimi announced at the previous OPEC winter meeting the Saudi decision to let the oil market determine oil prices rather than to continue Saudi Arabia’s role of guarantor of $100+/bbl oil. Despite the intense financial and economic pain this decision has inflicted on Saudi Arabia, its fellow OPEC members, and other oil producers, the Saudis have given no indication they plan to alter course. Given the Saudi decision’s positive impact on their and their Gulf Arab allies’ relative position within OPEC and its negative impact on OPEC outsiders, it is possible, perhaps even likely, the Saudis will face an OPEC outsider revolt at the December 4 OPEC meeting.. with three possible outcomes - Reconociliation, Separation, or Divorce.




