• Tim Knight from...
    01/26/2015 - 21:16
    "Oh, he's there to make sure high school kids don't jump in front of a train to kill themselves", I would reply. And you, assuming you come from a place that isn't insane, would be puzzled and...

Turkey

GoldCore's picture

Silver “Particularly Cheap” as “Blood On The Commodity Streets”





Relative to stock market indices, broad commodity indices are now at their lowest levels since the late-1990s dot com boom. Key commodity price ratios, such as those between precious and industrial metals, are already at levels associated with financial crises such as that of 2008. In other words, there is already ‘blood on the commodity streets’, presenting investors and commodity traders with potentially attractive opportunities.

 
Tyler Durden's picture

ISIS, Obama, And Why Everbody Loves The Drone War





"Right now we have the executive branch making a claim that it has the right to kill anyone, anywhere on Earth, at any time, for secret reasons based on secret evidence, in a secret process undertaken by unidentified officials. That frightens me."

 
Tyler Durden's picture

Frontrunning: October 6





  • Ebola Patient Fights for Life as Contacts are Monitored (BBG)
  • GPIF Unlikely To Announce New Portfolio Until November: Delay Could Rattle Investors Hoping Fund Will Invest More in Stocks (WSJ)
  • High risk Ebola could reach France and UK by end-October, scientists calculate (Reuters)
  • Neves to Face Rousseff in Brazil in Surprise Comeback (BBG)
  • Hong Kong democracy protests fade, face test of stamina (Reuters); A Hong Kong Protest Run on Fumes and Instant Noodles (WSJ)
  • Putin Clans Said Gridlocked Over Arrest as Sanctions Bite (BBG)
  • Surging dollar may be triple whammy for U.S. earnings (Reuters)
  • Lloyds Said to Cut Thousands of Jobs as CEO Cuts Costs (BBG)
 
Tyler Durden's picture

The Siege Of Kobani: Obama's Syrian Fiasco In Motion





Another humanitarian catastrophe may be just hours away at Kobani - a Syrian Kurdish town on the border with Turkey that is now surrounded by ISIS tanks and is being pounded day after day by ISIS heavy artillery. Already this lethal phalanx, which fuses 21st century American technology and equipment with 12th century religious fanaticism, has rolled through dozens of Kurdish villages and towns in the region around Kobani, sending 180,000 refugees fleeing for their lives across the border. Self-evidently the lightly armed Kurdish militias desperately holding out in Kobani are fighting the right enemy - that is, the Islamic State. So why has Obama’s grand coalition been unable to relieve the siege?

 
Tyler Durden's picture

Who Is Buying The Islamic State's Illegal Oil?





“The crude is transported by tankers to Jordan via Anbar province, to Iran via Kurdistan, to Turkey via Mosul, to Syria's local market and to the Kurdistan region of Iraq, where most of it gets refined locally... Turkey has turned a blind eye to this and may continue to do so until they come under pressure from the West to close down oil black markets in the country's south.”

 
Tyler Durden's picture

Frontrunning: October 1





  • European Bond Yields Go Negative (WSJ)
  • Traveler from Liberia is first Ebola patient diagnosed in U.S. (Reuters)
  • Hong Kong Protesters Step up Pressure on Leung to Quit (BBG)
  • JPMorgan to face U.S. class action in $10 billion MBS case (Reuters)
  • Turkey mulls military action against Islamic State (Reuters)
  • Singapore Home Prices Fall for Fourth Straight Quarter on Curbs (BBG)
  • Italy's Economic Woes Highlight Dilemma for European Central Bank (WSJ)
  • Advanced iOS virus targeting Hong Kong protestors (Reuters)
  • Fed Scrutiny of Leveraged Loans Grows Along With Bubble Concern (BBG)
  •  Mosquito Virus That Walloped Caribbean Spreads in U.S. (BBG)
 
Tyler Durden's picture

Did The Winter War Just Begin? Russian Gas Supplies To Europe Plunge 15%, Ukraine Transit Slashed 54%





Just a week ago, the Russian energy minister made the first public 'threat' of gas supply "throttling" disruptions to Europe but judging by the data that has just been released, it appears the 'throttling' has begun. Bloomberg reports that Russian gas supplies to Europe fell 15% year-over-year in Q3 - the most in over two years - as natural gas transit through Ukraine plunged 54% year-over-year. In 2013, Gazprom sent 60% of its supply via Ukraine pipelines, in August that dropped to 39%, and in September only 34%. Of course, Europe remains confident its storage efforts will buffer any "Winter War" disruptions, as we noted here, but as Citi warned previously, "if colder weather arrives, storage levels will be drained," and then there is the Spring (and German industry needs).

 
Tyler Durden's picture

A Day Of Global Economic Disappointments Is Just What The Stock Ramp Algo Ordered





It has been a night of relentless and pervasive disappointing economic data from just about every point on the globe: first the Chinese HSBC manufacturing data was well short of expectations (50.2 vs. Exp. 50.5), which was promptly spun as bullish and a reason for more stimulus by the PBOC even though the central bank has been constantly repeating it will not engage in western-style shotgun easing. Then Japanese wages, household spending and industrial production came in far below expectations - in fact at levels which suggest Japan is once again in a recession - which once again was spun as bullish, because the BOJ has no choice but to do more of the same failed policies that have made Abenomics the laughing stock of the world. Finally, moments ago Europe reported the lowest inflation data in 5 years, as well as core CPI sliding to just 0.7%, and which was, wait for it, immediately spun as bullish for risk as once again the local central bank would have "no choice but to ease." In other words, thank god for horrible news: because how else will the rich get even richer?

 
Tyler Durden's picture

Europe & China Start Direct Trading In Euros & Yuan As De-Dollarization Expands





De-dollarization has been an ongoing theme hidden just below the surface of the mainstream media for more than a year as Russia and China slowly but surely attempt to "isolate" the US Dollar. Until very recently, direct trade agreements with China (in other words, bypassing the US Dollar exchange in bilateral trade) had been with smaller trade partners. On the heels of Western pressure, Russia and China were forced closer together and de-dollarization accelerated from Turkey to Argentina as an increasing number of countries around the world realize the importance of this chart. However, things are about to get even more dramatic. As Bloomberg reports, China will start direct trading between the yuan and the euro tomorrow as the world’s second-largest economy seeks to spur global use of its currency in a "fresh step forward in China’s yuan internationalization." With civil unrest growing on every continent and wars (proxy or other) at tipping points, perhaps, just perhaps, the US really does want rid of the weight of the USD as a reserve currency after all (as championed here by Obama's former right hand economist)... now that would be an intriguing 'strategy'.

 
Tyler Durden's picture

Stocks Slide On Hong Kong Protests, Catalan Independence Fears





While the bond market is still reeling from Friday's shocking Bill Gross departure, and PIMCO has already started to bleed tens of billions in redemptions (see "Billions Fly Out the Door at Pimco About $10 Billion Is Withdrawn After Departure of Gross"), stocks which may have been hoping for a peaceful weekend after Friday's ridiculous no volume ramp in the last two hours of trading, got hit by a double whammy of first Catalan independence fears rising up again after Catalan President Mas signed a decree committing Catalonia to a referendum bid on November 9th, leading to a move wider in Spanish bond yields, and second the sharpest surge in Hong Kong violence in decades, which led to a 2% drop in the Hang Seng, are now solidly lower across the board, with the DAX dropping below its 50 DMA, while US equity futures are printing about 9 points lower from Friday's close despite another epic ramp in the USDJPY which flited with 110 briefly before retracing to 109.50, and also threaten to push below the key technical support level unless the NY Fed's "Markets group" emerges out of its new Chicago digs and buys up enough E-minis to restore confidence in a rigged market.

 
Tyler Durden's picture

Is ISIS Using Alibaba To Buy Mobile Refineries From Turkey?





Another rabbit hole takes us to a rather strange place...

 
Tyler Durden's picture

John Kerry Explains What America Is (And Is Not) Doing To Defeat "Odious" ISIS





Confused as to the USA's strategy to defeat ISIS? Have no fear, Secretary of State John Kerry has penned an Op-Ed primer for the man in the street to comprehend why it is necessary for America to confront this "profound and unique threat to the entire world." As Kerry begins, "let's be clear about we're doing — and what we’re not doing..."

 
GoldCore's picture

Currency Wars ! Russia, Kazakhstan Buy Very Large 30 Tons Of Gold In August





The ongoing gold accumulation strategy by Russia, Kazakhstan and other ex Soviet states is a reserve diversification strategy. It may also be an attempt to undermine western markets and the vulnerable COMEX gold market in the U.S. It is likely a coordinated monetary policy, since Russia and Kazakhstan are members of the Eurasian Customs Union along with Belarus. 

 
Tyler Durden's picture

Humpday Humor: French Cops Await ISIS Suspects At Wrong Airport





Faux-pas, non? And these are the only airstrike-supporting Western "allies" America has in The Middle East?

 
Tyler Durden's picture

A Nation Dividing: Mapping The World's Significant Separatist Movements





The Scottish referendum and waves of secession movements - from Spain's Catalonia to Turkey and Iraq's ethnic Kurds - are working in different directions to the world's status quo sustaining leaders' hopes for increased centralization and 'planned' economic growth. More than half a century after World War II triggered a wave of post-colonial nationalism that changed the map of the world, buried nationalism and ethnic identity movements of various forms are challenging the modern idea of the inviolable unity of the nation-state, not just in Europe, but across the entire world...

 
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