Tuesday, December 2, 2014

Russian Foreign Minister Lavrov explains facts of life on US global ambitions vs US real potential - Is there a persuasive argument presented ?

Tweets......











Tensions Between US & Russia Are Worse Than You Realize – Foreign Minister Sergey Lavrov


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Tensions Between US & Russia Are Worse Than You Realize – Foreign Minister Sergey Lavrov

"Many reasonable analysts understand that there is a widening gap between the global ambitions of the US Administration and the country’s real potential. The world is changing and, as has always happened in history, at some point somebody’s influence and power reach their peak and then somebody begins to develop still faster and more effectively. One should study history and proceed from realities. The seven developing economies headed by BRICS already have a bigger GDP than the Western G7. One should proceed from the facts of life, and not from a misconceived sense of one’s own grandeur."











Martin Armstrong Asks "Is It Time To Turn Off The Lights?" On America


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Martin Armstrong Asks "Is It Time To Turn Off The Lights?" On America

"These idiots cannot grasp that this is reversing the US economy into isolationism and is paving the road for China to take the lead. It is time to turn off the lights."

















2014 Is Now The Worst Year For US Macro Data Performance Since 2008


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2014 Is Now The Worst Year For US Macro Data Performance Since 2008

Once again the cyclical patterns in US macro data are re-emerging as extrapolated hopes fade into mean-reverting credit-impulse-hangover-driven realities. Despite all the hopes and dreams of escape velocity, cleanest-dirty-shirt-wearing economic enthusiasts, year-to-date performance of Citi's US Macro Surprise index is at its lowest level since 2008. Whether this is absolute weakness or relative weakness (versus yet more over-enthusiastic expectations) is unclear though, the Midterm election results and NFR Black Friday spending data may be a hint.






















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And The Biggest Winner From The OPEC Price War Is...

"This is a golden time window to acquire more strategic oil at lower costs," notes one Hong-Kong based analyst, as Bloomberg confirms whatwe have noted here and here, that China is emerging as the winner from OPEC’s battle with rival oil producers as the world’s biggest energy consumer stockpiles crude.













Putin Kills "South Stream" Pipeline, Will Build New Massive Pipeline To Turkey Instead



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Putin Kills "South Stream" Pipeline, Will Build New Massive Pipeline To Turkey Instead

Earlier today, in a stunning announcement, Putin revealed that the South Stream project is now finished. As the WSJ reports, "Putin said Moscow will stop pursuing Gazprom’s South Stream pipeline project that would supply natural gas to Europe with an underwater link to Bulgaria, blaming the European Union for scuttling the project." Putin is right: Europe - Austria excluded- had seen rising resistance to the South Stream in recent months. The EU is concerned that the project would cement Russia’s position as Europe’s dominant supplier of natural gas. Russia already meets around 30% of Europe’s annual needs. So what does Putin do? He signs a strategic alliance with NATO member Turkey, the only country in Europe that is anything but European and which lately has been increasingly anti-Western, to build a new mega-pipeline to Turkey instead. And the exclamation point:
TURKEY, RUSSIA AGREE TO USE LOCAL CURRENCIES IN TRADE: TRT
Or, as Obama would put it, Russia just got even more "isolated."