Top Economic News

 

Fed Governor Powell said the case for a rate hike has strengthened since November 2.
Saudi Arabian Minister is hoping for a 600k BPD cut from OPEC countries. (Even if a "deal is struck, it will not be real or verifiable.)
What are Italian citizens voting on?
Italian lender Banca Monte dei Paschi is applying pressure on creditors to accept a debt swap.
RBS, Barclays and Standard chartered were the 3 banks that faill to surpass the complete set of stress test hurdles.
Inflation in the euro zone rose by 0.6% in November, up from 0.5% in the previous month.
Brazil's economy shrank 0.8% in the third quarter.
Romney praised Trump for a "message of inclusion and bringing people together.
A Federal Judge said local officials in Wisconsin can decide how to run the re-count.  Jill Stein's lawsuit requested a re-count by hand of the 3 million votes cast.
 

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An index of executive and consumer sentiment increased to 106.5 in November from 106.4 in October.
What is plan B for Italy?
"There are colossal short positions on Italy," said the CEO of the Italian exchange.
The ECB could use its 80-billion euro monthly bond buying program to counter an immediate spike in Italian rates.
The UK and France are the two nations most at risk for power shortages this winter.
The labor market in Japan has been improving (addition by subtraction).
The federal energy progran that's best know for a failed loan to Solyndra, has generated ~$1.65B in interest payments to date.
The Canadian regulator of home loans said underwriting has never been more important than it is now.
 
 

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What will Italy's referendum means for the Euro.
Down in the depths of Europe's financial system, a nasty blockage is building.
Is BOE Governor Mark Carney trying to stall the Brexit process?
The deal to finalize OPEC production levels looks in doubt.
A battle is looming between 2 of Trump's support groups, big oil and big farming.​
After 6 weeks of battle, Iraqi forces have captured nearly half of Mosul.

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Consumer Spending in the UK rose 0.7% from the second quarter.
The EU Commission confirmed it was the victim of a hacking attack.
Clean air should be a result of both de-carbonization and pollution control technologies.
Can a road be both a road and a solar farm?
Why Italy's bank problem challenges the rule book.

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Italy's 10-year borrowing cost has been steadily marching above that of Spain.
Why Italy's bank problem challenges the rule book.
A freeze in repo activity risks undoing some of the ECB's stimulus.
OPEC is looking for Russia to cut not freeze production.
The glut of North Sea oil is now flowing to Asia.
Oil and gas companies in Norway cut spending forecasts for 2017.
More than 200 energy companies have filed for creditor protection since the begining of 2015.
No other state in the Union defers payments to the extent of Illinois. That amount could reach $13.5b, when the current fiscal year ends June 30. 

 

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Border war between India and Pakistan is on the boil?
The most important appointment for Wall Street banks is the Fed's Head of Supervision.
The Chinese players build by the thosands at one go, and they scare the hell out of everybody.
Russia has moved its S-400 ari missile defense system and ballistic Iskander missile to Kaliningrad.
Merkel's decision to run for a fourth term coincides with a recent poll showing 55% of the electorate support the decision.
Nuclear fusion, where are you?

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Trump detractors complain companies will just use the repatriated dollars to pay dividends and finance mergers...they aren't considering the double taxation on dividends. 
Pressure coming from all sides on the EuroCurrency.
Schaeuble reminded great Britan that it is still part of the EU so easy on the massive tax cuts.
Merkel running for a 4th time.
Tesla's new solar roof product is a sight to behold. 

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St. Louis Fed President Bullard repeats he is leaning toward a rate hike.
VW to cut 30k jobs globally and warns that manufacturers of cars, need to brace for imminent changes in the industry (read lower car sales).
Goldman's themes for investing in 2017 revolve around high growth, slightly higher returns and higher risk.
The Wolfcamp formation is 3 times larger than North Dakota's Bakken play.
Italian bank credit default swap costs are widening out.
Despite record levels of new supply, apartment fundamentals remain steady.
20% of Chinas waters that feed the Yangtze's river are unusable.


 

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The next two ro three years is a crucial window for China to rein in the loan to deposit ratio.
The Wolfcamp formation in Texas is almost three-times larger than North Dakota's Bakken play.
Crude stockpiles climbed 5.27 million barrels last week.
Iran and Iraq both want exemptions from any OPEC cuts in output.
OPEC's Libya plans to double crude production next year.
Natural gas production the the lower-48 states has increased 40% over nine years.
We actually capture C02 at the power plant, dissolve it in wateer and inject it as sort of mineral water back into the ground.
Demonstrators are calling for a military coup in Brazil.
Retail Sales in the UK jumped by 1.9% in the month of October.

Click here to download a pdf of this article, Missile.pdf
 
 

St. Louis Fed President Bullard (voter) highlighted two particular policies that could support US growth.
The US abondoning leadership on climate change could leave the global consensus achieved in Paris in tatters.
​Putin stepped in to save the multi-billion dollar purchase of Indian refinery Essar by Rosneft.
If you choose to leave the EU, you choose to be outside the single market, said Jeroen Dijsselbloem, president of the Eurogroup.
32 Opinion polls all indicate a "no" vote on the Italian referendum.
Saudi Arabia is reminding Trump to tread carefully when it comes to trade.​

Click here to download a pdf of this article, Missile.pdf