Iran

Global Bonds Plunge As "Trumpflation" Rally Returns, Dollar Jumps

After taking a one day breather, the "Trumpflation Rally" returned with a vengeance as global government bonds tumbled and the dollar rose on renewed speculation the economic outlook is strong enough to allow the Federal Reserve to hike in December (odds are now 94%). Asian shares rose, industrial metals and crude oil fell, European shares and US equity futures were pressured.

The Catastrophic Consequences Of Peak Oil Demand

With OPEC’s 2016 World Oil Outlook now grimly forecasting that peak oil demand could become a reality in just over a decade, and natural gas and renewables chomping at the bit to cannibalize commodity market growth, it may be good for the environment, but the trade-off will be global instability on a catastrophic level.

A Trump Doctrine - "America First"

The opportunity is at hand for Trump to reconfigure U.S. foreign policy to the world we now inhabit, and to the vital interests of the United States. The ideal time for such a declaration, a Trump Doctrine, is when the president-elect presents his secretaries of state and defense.

Oil Surges To 'Algiers' Lows After Obama Statement & Well-Timed OPEC Headline

Just as Morgan Stanley warned, be careful getting too bearish into the OPEC meeting as OPEC's ability to engineer a short-squeeze (via well-placed but meaningless headlines) trumps any dismal fundamentals. Sure enough, WTI is surging by the most in 7 weeks to pre-Algiers levels on spurious headlines today, which builds on a reversal yesterday that started as President Obama discussed the Iran Deal.

Frontrunning: November 15

  • Biggest Global Bond Rout Since 2003 Pauses (BBG)
  • Oil prices jump 3 percent on hopes of OPEC output cut (Reuters)
  • Italy polls get worse for Renzi as referendum nears (Reuters)
  • Trump will get wake-up call when he takes office, Obama says (Reuters)
  • With Priebus, Ryan’s Speakership Has Direct Channel to Trump (BBG)
  • Supreme Court now in Trump’s hands (The Hill)

Trump And International Security

Since Donald Trump's election, media-fuelled panic has engulfed Europe, including over defence and security. We are told that World War III is imminent, that Trump will jump into bed with Putin and pull the US out of NATO. In fact, it is the EU, not Donald Trump, that threatens to undermine NATO and the security of the West. In recent days, European Commission President Jean-Claude Juncker, his foreign policy chief, and the German Defence have suggested that Trump's election should give greater impetus to a European defence force.

Rudy Giuliani Is Trump's Favorite For Secretary Of State: AP

With ex-Goldman and Soros employee Steven Mnuchin groomed to be Trump's new Treasury Secretary, there was just one big question mark remaining: who would fill the other top post in Trump's government: the Secretary of State. The answer arrived moments ago courtesy of AP, which reported that contrary to earlier speculation that Rudy Giuliani would be Trump's Attorney General, the former NY mayor is set to become the top US diplomat under Trump.

Key Highlights From Obama's First Press Conference Since The Election

In what was one of his last press conferences as president, Obama took questions from the press for the first time since the presidential election and delivered an hour long Q&A session with members of the press corps ahead of his final foreign tour as US president. In that time Obama covered numerous issues including the following...

As Venezuela's Currency Loses 40% In One Month, Maduro Dances

Venezuela currency has now officially crossed the "nice, round number" psychological hyperinflation barrier of 2,000/USD, trading at 2,014 today, crashing by 22% since our last check, and an vomit-inducing 43% in the past month. Meanwhile, Venezuela president Nicolas Maduro is dancing salsa...

Markets In Turmoil: Global Bond Bloodbath, Currency Rout Accelerates As Stocks Erase Early Gains

Monday started off where Friday left off, with the dollar surge continuing, pushing the DXY above 100 for the first time since December, global bond yields soaring, emerging market currencies tumbling, and the Yuan slammed below 6.85 for the first time. However, where Monday is different is that while European stocks and US index futures started off far higher, E-minis have now faded the entire overnight rally and are now red for the session, on concerns that the spike in yields will cap any more stock upside.

Will Trump Send The Price Of Oil Soaring?

Suddenly there is a ray of hope in OPEC's dark world, and it comes courtesy of president-elect Donald Trump, who just may eliminate as much as 1 million barrels of OPEC oil output, or the cartel's entire excess production, should he undo the deeply unpopular within GOP circles Iran nuclear agreement, which would also collapse Iranian oil exports and send the price of oil surging.

The Clintons And Soros Launch America's Purple Revolution

Not only must Trump have to deal with Republican neocons trying to worm their way into his administration, but he must deal with the attempt by Soros to disrupt his presidency and the United States with a Purple Revolution