Iran
OPEC Production Hits Three-Year High As Oil Price Continues Slump
Submitted by Tyler Durden on 12/10/2015 07:51 -0500The latest confirmation that the oil cartel formerly known as OPEC is effectively non-existent, came a little over an hour ago when in its latest November monthly report, the Organization of Petroleum Exporting Countries reported that total monthly crude output for the member nations rose to 31.695 million barrels per day, the highest amount produced in three and a half years.
Iraq Seeks To Cancel Security Agreement With US, Will Invite Russia To Fight ISIS
Submitted by Tyler Durden on 12/09/2015 10:13 -0500“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."
How to Shorten the War Against ISIS
Submitted by George Washington on 12/08/2015 18:27 -0500Send a Million Troops From All Over the World Pouring Into Raqqa
Turkey Refuses To Withdraw Troops From Iraq, Threatens To Slap Sanctions On Russia
Submitted by Tyler Durden on 12/08/2015 12:01 -0500"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."
Bilal Erdogan Denies Allegations He Is Funding ISIS: Here's The Problem
Submitted by Tyler Durden on 12/08/2015 11:45 -0500"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.”
This Is Why $20 Oil Is A Possibility
Submitted by Tyler Durden on 12/08/2015 10:21 -0500The day of reckoning has arrived for the oil price. After a year of "Oil Price Crash" in October the world managed record production of 97.09 Mbpd. Production momentum built in the period of high price, 2007 to 2014, is proving very difficult to switch off. It must be switched off and it seems to me the most likely scenario is sharply lower oil price in the near term.
Global Stocks, US Futures Tumble As Emerging Market Turmoil Is Set For A Dramatic Comeback
Submitted by Tyler Durden on 12/08/2015 06:53 -0500- Australia
- Auto Sales
- Bank of International Settlements
- Bond
- Canadian Dollar
- China
- Consumer Credit
- Copper
- Crude
- Crude Oil
- Donald Trump
- Equity Markets
- Exxon
- fixed
- France
- headlines
- India
- International Energy Agency
- Iran
- Jim Reid
- Market Conditions
- Market Share
- Natural Gas
- NFIB
- Nikkei
- Nominal GDP
- OPEC
- Precious Metals
- Price Action
- RANSquawk
- Reality
- Recession
- recovery
- Reserve Currency
- Reuters
- Saudi Arabia
- South Carolina
- St Louis Fed
- St. Louis Fed
- Swiss National Bank
- Yuan
Over the weekend, in its latest quarterly presentation, the Bank of International Settlements made what may have been a very premature assessment that China is now contained. Judging by events in the past 24 hours, the reality is anything but.
Iran Has "Irrefutable Evidence" Of Turkey's Role In ISIS Oil Trade
Submitted by Tyler Durden on 12/07/2015 17:59 -0500"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."
Is OPEC Losing Influence?
Submitted by Tyler Durden on 12/07/2015 10:10 -0500While countless overzealous obituaries have been written about OPEC’s vanishing influence, OPEC is indeed acknowledging that it cannot influence prices to the degree that it once could. However, the result at least shows that OPEC is going to see its current strategy through to its logical conclusion, to the chagrin of most of its members.
Iraq May Seek "Direct Military Intervention From Russia" To Expel Turkish Troops
Submitted by Tyler Durden on 12/06/2015 23:42 -0500Iraq “may soon ask Russia for direct military intervention in response to the Turkish invasion and the violation of Iraqi sovereignty."
ISIS Makes Major Move In Yemen, Assassinates Aden's Governor After Executing Two Dozen Houthis
Submitted by Tyler Durden on 12/06/2015 15:00 -0500
Central Banks Continue To Rule Equity And Commodity Markets
Submitted by Tyler Durden on 12/06/2015 14:30 -0500Until pro-growth, low taxation and less regulation policy changes are enacted, we don’t foresee any changes to central bank policy nor the unsustainable market divergences and asset price distortions. Expect more media propaganda on how great the economy is while the reality is another story. Early signs are that retail sales this holiday season are poor. Nobody can predict when reality will set in and equity markets revert back to pre QE levels in 2008/09. The longer this charade continues, the lower equity markets will eventually go, and in the short-term so will commodities. Then the super cycle in commodities will begin anew. Much this will hinge on next fall’s election cycle.
Inequality In America: The Richest 20 Own More Wealth Than Half The Population
Submitted by Tyler Durden on 12/06/2015 09:25 -0500Inequality of wealth is inequality of power. A study just released finds that "America’s 20 wealthiest people — a group that could fit comfortably in one single Gulfstream G650 luxury jet — now own more wealth than the bottom half of the American population combined, a total of 152 million people in 57 million households.” How much political power do the people who would be inside that jet — and their friends — actually have?




