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Iran Asks For "Billions Of Dollars" In Ransom To Release Another Two US Hostages

Iranian news sources close to the country’s Revolutionary Guard Corps, or IRGC, which has been handling prisoner swaps with the United States, reported on Tuesday that Iran expects “billions of dollars to release” those U.S. citizens still being detained.” “We should wait and see, the U.S. will offer … several billions of dollars to release” Siamak Namazi and his father Baquer, who was abducted by Iran after the United States paid Iran a $1.7 billion ransom.

Can The Market Hang On To Support Here?

It is critical for the markets to “hang on” to current support at the previous breakout highs. A failure to do so will put the markets back into the previous trading range that has existed going back to 2014.

"Pounded" - How Not To Manage A Fiat Currency

The Bank of England’s inept monetary policies under Mark Carney’s governorship seem certain to expose the fragility of fiat sterling to wider public attention and skepticism. If the consequences weren’t so serious, we might thank him for unwittingly toppling the status quo. But the inevitable crisis, many times worse than that faced in 1975, cannot be embraced even by the most extreme financial masochist. This is why people in Britain and America will increasingly find solace in gold.

Brace Yourself For The Quadrillion-Dollar Reckoning

"...debt is simply everywhere, at least to the extent we can see and measure it. Corporate and sovereign debt, of both the developed world and emerging market varieties, are at record levels. China’s debts certainly add to that record but who really knows to what extent? It’s the ultimate black box of leverage on Planet Earth... You cannot NOT worry about the Fed in this world...The simple truth is ending reinvestment would bring the bond market to its knees.

While Media Obsesses Over Pussy-Gate, US Debt Soars To $19.7 Trillion

The US government’s debt level has soared to just a hair under $19.7 trillion. To give it some context, that’s up over $170 billion in just eight business days.... the fastest pace in 13 months. It’s almost as if Barack Obama is intentionally and desperately trying to breach the $20 trillion mark before he leaves office in January.

Thai Stocks, Currency Plunge On Concerns Over King's Health, Fed Hike

Ever since the 1997 Asian Financial Crisis, investors have kept a close eye on financial developments in Thailand as canary in the Asian financial conditions coalmine, and overnight there was little to look forward to after Thai stocks crashed the most in over a year, plunging as much as 6.9% before settling 4.1%, lower while the baht currency tumbled 1.1%, its steepest plunge in three years.

Can The Price Of Oil Hold Above $50 Per Barrel?

"I am doubtful that the price of oil can rise very high, for very long. Our oil price problem is part of a much larger problem. Once we understand the reason for our low-price problem–diminishing returns and the economy’s tie to the use of energy - it is clear that there is no way out of the problem over the longer term."

Rethinking The Oil Market: IMF Warns "Conventional Wisdom No Longer Applies"

Some oil-price factors are temporary, but others are structural and permanent. The debate about the causes and effects of the price slump since 2014 will continue, which both reflects and underscores a fundamental point: the conventional wisdom about the global oil market no longer applies.