Middle East

Tyler Durden's picture

The War On Islamic State: A New Cold War Fiction

The Islamic State group is little more than the proxy bastard child of a New Cold War that looks set to escalate...

Tyler Durden's picture

Obama Weighs "Syria Retreat" As White House Ends Training Of Moderate Rebels

Last weekend we called Obama's latest failed attempt to replace Syria's president for what it is: "this is shaping up to be the most spectacular US foreign policy debacle since Vietnam." Today, less than a week later, we have confirmation that this was correct after first Bloomberg reported that "some top White House advisers and National Security Council staffers are trying to persuade President Barack Obama to scale back U.S. engagement" in Syria, and then a report from the NYT that "the Obama administration has ended the Pentagon’s $500 million program to train and equip Syrian rebels." And just like that Obama folds, again.

GoldCore's picture

Global Depression Coming - Even "Powerhouse" Germany and UK Slow "Dramatically"

Investors should hope for the best while making preparations for less benign scenarios. This can be achieved by reducing leverage and speculation and having a healthy allocation to physical precious metals in the safest vaults in the world.

Tyler Durden's picture

Biggest Weekly Stock Rally Since 2012 Continues Driven By Tumbling Dollar, Dovish Fed; Commodities Surge

The global risk on mood (which is really anything but, and is merely an unprecedented short covering squeeze as we will report momentarily) launched by an abysmal jobs report one week ago and "validated" yesterday by the surprisingly dovish FOMC minutes, which said nothing new but merely confirmed what most knew, namely that a rate hike is almost certain to not occur until mid-2016 if ever, and accelerated by a Fed-driven collapse in the dollar which overnight has led to a historic 3.4% move in the Indonesian Rupiah the most since 2008, has pushed global stocks even higher in their biggest weekly rally since 2012, despite the start of an earnings season where virtually every single company reporting so far has stumbled on earnings reports that were far worse than even gloomy consensus had expected.

Tyler Durden's picture

The Real Reason For The Refugee Crisis You Won't Hear About In The Media

If Western governments didn’t want a refugee crisis, they shouldn’t have been so eager to topple those governments and destabilize those countries. The refugees should camp out in the backyards of the individuals who run those governments.

George Washington's picture

The REAL Reason Saudi Arabia Hates Iran

The Saudis Hate Iran Because It’s NOT a Monarchy

Tyler Durden's picture

U.S. Spent Nearly $100 Billion On Foreigners To Fight Terrorists

To combat Islamic militants the White House says threaten national interests, the U.S. has spent nearly $100 billion to arm and train foreign militaries across the Middle East, North Africa and South Asia, an analysis by Vocativ shows. And nearly all of them are reeling from setbacks that threaten to undermine what’s become a core component of American foreign policy in these regions. As a former military commander and United States ambassador in Afghanistan recently noted, "our track record at building security forces over the past 15 years is miserable."

Tyler Durden's picture

Could The Syrian Conflict Irrevocably Change Global Geopolitics?

The urgency of the moment favors cooperation, while geography gives Russia major advantages in leading the fight. The highly charged political atmosphere in the U.S., in the midst of a Presidential election, only adds to the fog of war in Syria, forcing public denials and secret agreements where there needs to be utmost clarity, making military cooperation in Syria almost impossible, while raising the risks of accidental conflicts between so-called partners. Adding to the confusion is the increasingly cordial meetings between Russian and Saudi leaders.

Tyler Durden's picture

Gartman vs Goldman: "Oil Rally To Fade" Warns Blankfein's Bank

Just a day after no lesser world-renowned newsletter writer than Dennis Gartman went full bull-tard of crude oil (in $29.95 terms), Goldman Sachs has come out with a "lower for longer" warning about the crude complex noting that the gains have been exacerbated by still large short positioning and the break of key technical levels. Despite the magnitude of this rally, Goldman does not believe that data releases over the past week suggest a change in oil fundamentals. In fact, high frequency data continue to point to an oversupplied market despite a gradual decline in US production.

GoldCore's picture

Bundesbank Tries To Reassure Re Gold Reserves as Deutsche Bank Shocks With €6 Billion Loss Warning

Like other banks, Deutsche has been caught up in the Libor-rigging scandal, and faces another investigation in Switzerland for suspected price-fixing in the precious metal market.

Gillian Tett, ourselves and many others have warned that Deutsche and its massive derivative book has the potential to be a ”European Lehman Brothers”. Is Deutsche Bank, the largest holder of Warren Buffett’s “financial weapons of mass destruction” derivatives in trouble?

Tyler Durden's picture

Frontrunning: October 8

  • Congress probing U.S. spy agencies' possible lapses on Russia (Reuters)
  • Defense Ministers From NATO Hit Out at Russian Action in Syria (WSJ)
  • U.S. Rules Out Cooperation With Russia as Moscow Launches First Naval Strikes on Syria (WSJ)
  • Man Who Called China's Boom and Bust Says Use This Rally to Sell (BBG)
  • For Volkswagen, New Questions Arise on U.S. Injury Reporting (BBG)
  • Deutsche Bank May Swell $14 Billion Selloff in China Bank Stakes (BBG)
  • Emerging market slowdown hits German exports (FT)
Tyler Durden's picture

Syrian Crisis: What Will Happen Next?

The question today is merely one of timing. How long before a negative trigger is introduced? How long before Israeli planes come into contact with Russian or Iranian fighters? How long before U.S. troops come into contact with Russian troops? How long before Israel or Saudi Arabia strike Iran? And if the U.S. backs out completely, how long before the entire dynamic of the Middle East is flipped and America loses petro-status for the dollar? With the speed of events forming a fiscal-political riptide, it is hard to imagine we will be waiting very long to find out.

Tyler Durden's picture

"The Saudi Population Are Growing Restless": A Deep Look Inside The "Black Box" That Is Saudi Arabia

"The Saudi population, especially the younger people, are growing restless because they see what is happening in the world through social media of which they are among the highest users - that’s the only means they have to communicate. So the situation inside the country is also very fragile and the foreign policy conducted by the current regime is very perilous. It is only a matter of time because the Gulf States are ruled by oligarchies who maintain control through bribery and the sword. So this is a challenging time for the Gulf States despite all the public commentary suggesting they are immune to the uprisings."

Tyler Durden's picture

Is Russia Plotting To Bring Down OPEC?

Russia 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.

George Washington's picture

Putin Has Just Put An End to the Wolfowitz Doctrine

The Russians Will No Longer Allow Regime Change of Their Allies

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