While US floor markets are closed for the Thanksgiving holiday (equity, rates and energy futures are open until 1pm Eastern), Europe and Asia (as well as US equity futures) were busy rebounding overnight on strength in the commodity complex following yesterday's news that China's metals producers have asked for a wholesale government bailout or the "QEmmodity" as we have dubbed it, for the first time since 2009, which together with news that China would soon start arresting "malicious metal sellers" has provided a push for commodity prices across the board.
The Western media will tell you that Gazprom cannot afford to cut Turkey off in retailiation for Ankara's attack on a Russian warplane. While that may be true, it's important to remember that Turkey's fallback option when it comes to replacing lost supply is Iran and under the circumstances, it seems exceptionally unlikely that Tehran would be willing to make things easier on Erdogan.
The U.S. is, in fact, Europe’s enemy - not merely Russia’s enemy. Not merely the truth’s enemy. Not merely democracy’s enemy.
Within one hour of the Paris attacks and without any evidence, the story was set in stone that the perpetrator was ISIL. This is the way propaganda works.
"An unmanned military underwater vehicle rigged with explosives was spotted on the seabed in the vicinity of the Nord Stream gas pipeline in the Baltics on Friday, Swedish media report."
Considering the crises facing Europe, the question is no longer: Will the EU survive? It is Orban’s question: Will European civilization survive the century? If the mass migrations are not halted, the rise of nationalist regimes at the expense of Europe’s liberals and leftists is inevitable.
Are we in for another nuclear standoff with the Kremlin?
“Nobody wants to go back to the days of the Cold War ... but the concept of contingency forces … that is exactly what we should be doing.”
Forget anything you might read about “brutal dictators” that need to go or the importance of “democracy” to the region. That's dumbed-down pablum for the masses and has literally nothing to do with the motivations of the (clinically insane) external power brokers actually driving the events on the ground and crafting the narrative that is faithfully scribed and re-told by the media. In fact, disturbingly often, the scribed narrative is exactly opposite of the truth.
History tells us that empires are rarely defeated, by any external rival.
The lasting legacy of the First World War has been the rationales and implementations of paternalist Big Government in the Western world, with its diminished recognition and respect for individual liberty, free association, freedom of competitive trade and exchange, reduced civil liberties and weakened impartial rule of law. From this has followed the regulating and redistributing State, which includes political control and manipulation of the monetary and banking systems to serve those in governmental power and others who feed at the trough of governmental largess. It is a legacy that will likely take another century to completely overcome and reverse, if we are able to devise a strategy for restoring the idea and ideal of a society of liberty.
"His name is perhaps the strongest example of those who support anything that weakens nation states, they support everything that changes the traditional European lifestyle. These activists who support immigrants inadvertently become part of this international human-smuggling network."
With winter rapidly approaching, Europe has yet to develop a viable plan to provide shelter for the hundreds of thousands of refugees fleeing the war-torn Mid-East. If the bloc doesn't act soon, tens of thousands of families could end up freezing to death on the way to Germany.
It is possible that we might witness the formation of two blocks within OPEC during the next December 4 meet in Vienna. One, led by Venezuela, Ecuador, Libya and Algeria that would want to reduce production levels and the other led by Saudi Arabia, UAE and Kuwait that would stick to the current strategy of defending market shar. In the end, it will come down to survival of the fittest. Players who have higher breakeven costs will be the ones who will blink first and thereby reduce their production levels.
Globo CEO Admits He "Falsified Data" After Short-Seller Report, Resigns; But First Sells 40 Million SharesSubmitted by Tyler Durden on 10/26/2015 11:49 -0500
The following story of corporate greed, corruption, and fraud is surely one of the best in recent years.