Middle East

This 'Market' Discounts Nothing Except Monetary Cocaine

In short, the market is not trading on a rebound in GDP, revenue growth or a breakout of already elevated profit margins. It’s just high on one more dose of monetary cocaine that in short order will prove to have been not even that.

Citi Is Stunned How Quickly The "Extraordinary Political Backdrop" Is Deteriorating

"These developments point to a marked increase in political risks in systemically-significant countries. At the start of the year, we flagged many of these as  well as introducing our thesis that rising Geopolitical Risks, accompanied by rising "Vox Populi" risks such as Brexit and changing US politics, were at risk of converging in new and powerful ways. Even so, we did not anticipate quite how many would transpire, let alone within such a compressed timeframe."

Turkish Prosecutors Raid Incirlik Airbase Housing US Warplanes And 50 Nuclear Bombs

The saga surrounding the Turkish Incirlik air base, which is not only the headquarters to the US 39th Air Base Wing but also vaults over 50 B1 nuclear bombs, and is critical to all US missions not only against ISIS but the entire middle east continues. Moments ago, Turkey's state-run news agency says seven prosecutors, charged with investigating a foiled coup, have entered the Incirlik Air Base.

John Kerry Threatens Turkey With NATO Expulsion

“NATO also has a requirement with respect to democracy and NATO will indeed measure very carefully what is happening,” Kerry tells reporters in Brussels after attending a meeting of European Union foreign ministers "My hope is that Turkey is going to move in ways that do respect what they have said to me many times is the bedrock of their country."

The Global Plague Of Terrorism

Ask Muslims about the roots of terrorism and they’re quick to point the fingers at the USA or Israel. They’re not thinking. They’re not thinking inwardly. The plague of terrorism is homemade, not foreign. The western countries however prop up the Muslim perpetrators with bribes and political protection so that they can extract economic benefits from the mayhem. Why not exploit the homegrown situation?

The Fuel That May Halt The Electric Car Revolution

Electric cars are often touted as the nail in the coffin for gasoline-powered vehicles. However, there’s another fuel revolution in the developing world, which is changing the economics of electric cars. Whether it’s CNG, LNG, autogas, or propane, gaseous-hydrocarbon fuels turn conventional cars into dual-fuel vehicles, and limit the uptake of electric cars in these economies.

The Myth Of The "War On Terrorism"

Remember We’re fighting them over there so we don’t have to fight them over here”? That was the justification for the worldwide war on terrorism the Bush administration trumpeted in the early days of the post-9/11 era. But now we hear that the latest iteration of the Terrorist Threat – ISIS – is losing ground in Syria, its home base. So let’s see if I have this straight: we fought them over there so we don’t have to fight them over here, but now that we’re winning over there they’re coming over there.

Global Stocks, Futures Rise On Disappointing Chinese Trade Data, Hopes For More Central Bank Intervention

In an otherwise quiet overnight session, which among other things saw Germany sell 10Y Bunds with a zero coupon and a negative yield (-0.05%) for the first time ever (despite being uncovered with just €4.038BN sold below the €5.00BN target) anyone hoping for a confirmation that China will be able to prop up the world economy once more, was left disappointed when earlier this morning China reported June exports and imports that once again dropped substantially in dollar terms as soft demand at home and abroad continued to weigh on the world’s largest trading nation.

Merkel Admits That Terrorists Were Smuggled In Europe's "Refugee Flow"

Following months of sternly refusing to accept that her "noble" initiative to open up Europe to over a million refugees from the middle east had adverse consequences in not only sending anti-immigrant parties soaring in the polls but also indirectly encouraging terrorism, German Chancellor Angela Merkel today admitted that some terrorists entered Europe among the wave of migrants that fled from Syria adding that the refugee flow was used in part to “smuggle terrorists” on to the continent.