Tyler Durden's picture

This Is The Scariest Chart For Angela Merkel

Having won Time's "Person of the Year" award, German chancellor Angela Merkel may have little time, or cause, for celebration. The reason for that is shown in the chart below.

Tyler Durden's picture

US Kills ISIS "Finance Minister" In Airstrike

This afternoon we got another completely amorphous claim from The Pentagon regarding the death of a “senior” ISIS commander when Special Presidential Envoy for the Global Coalition to Counter ISIL (whatever that is) Brett McGurk took to Twiiter to announce the death of an Islamic State FinMin.

Tyler Durden's picture

After Vicious Rollercoaster Session, Global Stocks Flat, US Futures Stage Tepid Rebound In Illiquid Chaos

After yesterday's rollercoaster session in both the S&P and in oil, where initially stocks soared alongside oil, only to promptly tumble as stops were taken out and as the refiners' inventory strategy was exposed after the DOE's latest weekly numbers were released, it has been a quieter session so far, though maybe not for China where stocks jumped at the open only to fizzle and close at the lows in what appears to be ever less intervention by the market manipulating "National Team."

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China Says Turkey Needs To Respect Iraq's Sovereignty, Territorial Integrity

With Turkey and Iraq still at odds over the former's deployment of between 150 and 300 troops along with two dozen tanks to Bashiqa, Russia told the Security Council on Tuesday that Ankara is acting "recklessly and inexplicably." Of course Moscow has a powerful friend among the five permanent members and on Wdnesday, Beijing weighed in on the Turkish troop issue for the first time.

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Iraq Seeks To Cancel Security Agreement With US, Will Invite Russia To Fight ISIS

“The government and parliament need to review the agreement signed with the United States on security because the United States does not seriously care about its fulfillment, We demand that it be annulled." 

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Putin Hopes "There Will Be No Need To Nuke" The Islamic State

"This new, modern, highly efficient, and highly precise weapon can be equipped with both a conventional warhead as well as a special, nuclear warhead.  Naturally, in the fight against terrorism that is not needed and I hope there will be no need [to use nukes against the Islamic State]."

- Vladimir Putin

George Washington's picture

How to Shorten the War Against ISIS

Send a Million Troops From All Over the World Pouring Into Raqqa

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It Will Take 10 Years To Recapture Mosul From ISIS, US Army Officer Says

According to one US soldier who fought in Mosul from 2005 to 2006, all of the "loose talk" about retaking the city from ISIS is wishful thinking. "Look at the stories from Fallujah — a city that is 20 percent the size of Mosul," he cautions adding that even if the city could be captured and sealed off from ISIS supply lines, troops would need to "settle in for a siege and a ten-year war of attrition." 

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Turkey Refuses To Withdraw Troops From Iraq, Threatens To Slap Sanctions On Russia

"Training at this camp began with the knowledge of the Iraqi Defence Ministry and police. Those who make different interpretations of the Turkish military presence in Mosul are involved in deliberate provocation."

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Bilal Erdogan Denies Allegations He Is Funding ISIS: Here's The Problem

"ISIS is an enemy of my country. ISIS is a disgrace. It puts my religion in a bad light. They don't represent Islam and I do not consider them to be Muslims.”

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Amid FX Reserve Liquidation, These Are The Countries JP Morgan Says Are Most Vulnerable

While EM sovereigns as a group may be in better shape now in terms of “original sin” (i.e borrowing heavily in foreign currencies) than they were during say, the Asian Currency Crisis, the confluence of factors outlined above means no one is truly “safe” in the current environment as moving from liquidation back to accumulation will entail a sharp reversal in commodity prices and a pickup in the pace of global growth and trade.

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Iran Has "Irrefutable Evidence" Of Turkey's Role In ISIS Oil Trade

"The reaction of Erdogan and Turkish authorities can say one thing: they were stunned and shocked that Moscow has such evidence. This significantly affected the position of Turkey's NATO allies."

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