Mexico

Frontrunning: November 30

  • Oil soars on OPEC hopes, dollar renews its surge (Reuters)
  • Oil Rallies on OPEC Optimism, Spurring Gains in Energy Producers (BBG)
  • Saudis say to take 'big hit' on oil output for OPEC deal, Iran can freeze (Reuters)
  • Leaner and meaner: U.S. shale greater threat to OPEC after oil price war (Reuters)
  • an the U.S. Become an Energy Superpower in 2017? (BBG)
  • RBS Fails Toughest-Ever BOE Stress Test, Boosts Capital Plan (RBS)

USDJPY Could Plunge As Low As 98 After "Trump Bubble" Bursts, UBS Wealth Warns

One week after JPM made the exact same forecast, warning that the recent surge in the USDJPY will fade dramatically as Dollar euphoria shifts to concerns about protectionism, overnight UBS Group’s $2 trillion wealth-management arm said yen traders have got the Donald Trump "trade" all wrong, and the yen will strengthen to 98 per dollar by this time next year.

Iranian Vessel Pointed Weapon At US Military Helicopter

A small Iranian Islamic Revolutionary Guard vessel pointed its weapon at a U.S. military helicopter in the Strait of Hormuz on Saturday, two U.S. defense officials told Reuters on Monday, an action they described as "unsafe and unprofessional."

OECD Boosts Global Growth Forecasts On Trump Optimism

The details of any Trump growth plan may not be available for a long time, but the general sentiment that Trump's fiscal spending boost will be good for global growth was enough for the Organization for Economic Cooperation and Development which on Monday said that U.S. and global economic growth would be boosted by increases in spending and tax cuts promised by the President-elect.

Towards An 'America First' Trump Trade Policy

America responded to Trump’s call for a new nationalism rooted in the economic principles and patriotism of Hamilton and the men of Mount Rushmore: Washington, Lincoln, Jefferson and Theodore Roosevelt. The president-elect has declared the TPP dead, and says he and his negotiators will walk away rather than accept another NAFTA. Again, good, but again, not good enough, not nearly...The New International Economic Order imposed upon us for decades has to be overthrown.

Meet The Real "Fake News"

Question: "Do you have any people being paid by the CIA who are contributing to a major circulation — American journal?"
Answer: "We do have people who submit pieces to American journals."

Trump The Great?

"If Trump can defeat the oligarchy and save America, he can go down in history as Trump the Great. I think that this prospect appeals to Trump more than more wealth. Instead of trying to tear him down in advance, he should be supported. With Trump’s determination and the people’s support, change from the top down is possible. Otherwise, change has to come from the bottom up, and that means an awful lot of blood in the streets."