Middle East

Tyler Durden's picture

This Is How Caterpillar Just Blew Away Q3 Earnings





Moments ago, CAT, which is a major DJIA component, just reported blowaway EPS of $1.72, far above the $1.35 expected. How did it achieve this stunning number which has pushed DJIA futures higher by almost half a percent?  Simple: first there was the usual exclusions, with "restructuring costs" adding back some $0.09 to the bottom line number. But the punchline was this: "In addition to the profit improvement, we have a strong balance sheet and through the first nine months of the year, we've had good cash flow.  So far this year, we've returned value to our stockholders by repurchasing $4.2 billion of Caterpillar stock and raising our quarterly dividend by 17 percent," Oberhelman said." And here is just how the surge in buyback activity looked in comparison to Q3 2013...

 
Tyler Durden's picture

Futures Bounce On Stronger Europe Headline PMIs Despite Markit's Warning Of "Darker Picture" In "Anaemic" Internals





Perhaps the most interesting question from late yesterday is just how did the Chinese PMI rebound from 50.4 to 50.2, when the bulk of its most important forward-looking components, New Orders, Output, New Export Orders, posted a material deterioration? When asked, not even Markit could provide an explanation that seemed remotely reasonable so we can only assume the headline was goalseeked purely for the kneejerk reaction benefit of various algos that only focus on the headline and nothing else. Luckily, we didn't have much time to ponder this quandary as a few hours later we got the latest batch of Eurozone PMI numbers.

 
Tyler Durden's picture

"Saudi's Policy Of Downplaying Oil Prices Will Backfire On Them"





Saudi Arabia wants to use lower oil prices to pressure Russia to change its stance on Syria, to antagonize Iran, and to force US shale gas out of the market, Pepe Escobar explains the possible blowback...

 
Tyler Durden's picture

Russia Deploys Troops, Robots Along Entire "2nd Middle East" Arctic Belt





On the heels of Sweden's military deployment (following the discovery of a damaged Russian sub), it appears Russia is taking no chances with its access to Arctic resources.As Reuters reports, the Russian defense minister announced today that Russian military units will be deployed along the entire Arctic border from Murmansk to Chukotka in 2014. Interfax adds that combat robots are also being deployed to protect Russian oil and gas infrastructure in the harsh environment of the Arctic. This should be no surprise as The Guardian notes, the Arctic’s hydrocarbon resources nevertheless exert a powerful pull. It has been compared to "a second Middle East", with oil and gas reserves thought to represent 17% and 30%, respectively, of the global total.

 
Tyler Durden's picture

"Either You're The Butcher... Or The Cattle"





The common people are the cattle being led to slaughter. We are kept docile with incessant propaganda from the mainstream media; marketing messages to consume from Madison Avenue; filtered, adjusted, manipulated economic data fed to us by government agencies; an endless supply of iGadgets and other electronic distractions; government education designed to keep us ignorant; 24/7 reality TV on six hundred stations to keep us entertained; corporate toxic processed food to keep us obese and tame; and an endless supply of Wall Street supplied debt to keep us caged in our pens with no hope of escape. The butchers of the deep state have maintained control for decades, but we’re entering a new era.

 
Tyler Durden's picture

The Collapse Of "Well-Established" Stock Market Conventions





Equity markets live and die on several well-established conventions, according to ConvergEx's Nick Colas, noting that these are the rules that investors use as the bedrock of their fundamental analysis. The volatility of the last few weeks shows that some of these paradigms are now under attack. Chief among the question marks: “Do central banks always have the power to tip the balance between growth and recession?” Another rising concern: “Can stocks constantly shrug off recessionary signals from commodity and fixed income markets?” Lastly, “How many exogenous, if largely unpredictable, global events can equities ignore before their collective weight halts a bull market?” Bottom line: the debate on these topics isn’t over for October or the balance of the year.

 
Tyler Durden's picture

The "Crazy Ivan" Playbook: How To Time A Near-Term Market Bottom





Just when you think the selloff couldn’t get any scarier, it did. The last hour of trading took over 1% out of the S&P 500 in rapid fashion, reportedly on fears of an Ebola check at a major U.S. airport. Today we offer up a “Top 10” list of specific markets and indicators to watch for signs of a near term market bottom. They include the CBOE VIX Index (key levels at 26 and 32), the action in small cap stocks and crude oil, and the dollar. Less quantifiable issues – but important nonetheless – are headlines related to Ebola (probably getting worse before better), 10-year Treasury bond yields (2.0% and 1.5% possible here), and European policymakers addressing a host of difficult monetary and fiscal policy issues. Bottom line: this is unlikely to be a dramatic “V-bottom” low given the range of issues of concern to investors.  Look for the majority of our “Top 10” to stop going down before calling a bottom.

 
Tyler Durden's picture

CIDRAP: "We Believe There Is Scientific Evidence Ebola Has The Potential To Be Airborne"





We believe there is scientific and epidemiologic evidence that Ebola virus has the potential to be transmitted via infectious aerosol particles both near and at a distance from infected patients, which means that healthcare workers should be wearing respirators, not facemasks...  To summarize, for the following reasons we believe that Ebola could be an opportunistic aerosol-transmissible disease requiring adequate respiratory protection: i) Patients and procedures generate aerosols, and Ebola virus remains viable in aerosols for up to 90 minutes; ii) All sizes of aerosol particles are easily inhaled both near to and far from the patient; iii) Crowding, limited air exchange, and close interactions with patients all contribute to the probability that healthcare workers will be exposed to high concentrations of very toxic infectious aerosols; iv) Ebola targets immune response cells found in all epithelial tissues, including in the respiratory and gastrointestinal system; v) Experimental data support aerosols as a mode of disease transmission in non-human primates.

 
Tyler Durden's picture

How To Blow Up OPEC In Three Easy Steps





We’ve landed in the next phase of what arguably started in 2007, but what you could place back many years before that, an economic system based on the fantasy that is debt driven growth, inflated by a factor of a trillion, give or take a few zeros.  That system is in the process of dying. And the people who have tried to make you believe, and succeeded, that it would all be fine in the end, are now jockeying for position in the aftermath of the demise of a world built on debt.  And they are the same people who built that world, profited from it to an insane degree, and want to use those profits to hang on to power in a world that will be dramatically different from the one they called the shots in. And that doesn’t bode well; it tells us violent clashes will be on the horizon.

 
EconMatters's picture

CNN in Full Fear Mongering Mode Cashing in on Ebola





Ebola isn`t a new movie release, and CNN isn`t its viral marketing advertising agency.  

 
Tyler Durden's picture

China Claims US Behind Hong Kong Protests





The Chinese Communist Party’s official newspaper claims the U.S. is trying to foment a “color revolution” in Hong Kong. Although China has strongly implied that foreigners were secretly controlling the Hong Kong protests in recent weeks, the commentary was the first time it so explicitly accused the U.S. of being behind the movement.

 
Tyler Durden's picture

The Sunni-Shia Divide Explained





Sunni and Shia Muslims have lived peacefully together for centuries. In many countries it has become common for members of the two sects to intermarry and pray at the same mosques. They share faith in the Quran and the Prophet Mohammed's sayings and perform similar prayers, although they differ in rituals and interpretation of Islamic law. But... An ancient religious divide is helping fuel a resurgence of conflicts in the Middle East and Muslim countries.  Islam's schism, simmering for fourteen centuries, doesn't explain all the political, economic, and geostrategic factors involved in these conflicts, but it has become one prism by which to understand the underlying tensions.

 
Tyler Durden's picture

Guest Post: Qatar's Jihad





Qatar may be tiny, but it is having a major impact across the Arab world. By propping up violent jihadists in the Middle East, North Africa, and beyond, while supporting the United States in its fight against them, this gas-rich speck of a country – the world’s wealthiest in per capita terms – has transformed itself from a regional gadfly into an international rogue elephant. Using its vast resources, and driven by unbridled ambition, Qatar has emerged as a hub for radical Islamist movements. In doing so, Qatar is destabilizing several countries and threatening the security of secular democracies far beyond the region. For the sake of regional and international security, this elephant must be tamed.

 
Syndicate content
Do NOT follow this link or you will be banned from the site!