Overviews / Look Forward.......
FOMC on deck - Wednesday !
Watch Robert Reich on why it's not time for Janet Yellen to raise the interest rates.Share too! https://www.facebook.com/RBReich/videos/1116088268403768/ …
Economists really want Janet Yellen to explain what gradual means http://bloom.bg/1jTripw
S&P500 has NOT recorded 2 consecutive days rise for 26 trading days!
Not a good sign.
Special Report: #FOMC Rate Decision is Next Week - Brace for Potential #Forex Volatility http://bit.ly/1Oj7QL1
Economics next week: FOMC announcement, flash #PMI results for Dec, #eurozone #inflation, UK labour market update http://ow.ly/VIEOt
Europe.......
Thousands of opponents to new government march in Poland http://bit.ly/1lWdtIa
Embassy staff were trapped in bunkers being attacked by Taliban for hours after Rajoy declared they were all safe.
https://www.thespainreport.com/articles/510-151212162149-government-admits-attack-on-spain-as-police-describe-gunfight-inside-spanish-embassy …
Lots of new details in this article for you.
BREAKING: Global climate conference adopts historic deal.
Proposed agreement asks developed countries to take the lead on climate financing and asks others to pitch in voluntarily #CBC #cop21
#Russia's 5y default probability rises to 19% on low #oil BUT markets a lot less concerned compared to Jan or Aug.
Merkel defends contested refugee stance ahead of congress, EU meet http://bit.ly/1OY7Gxt
COP21: "the deal makes it clear that richer nations are not liable for the losses of vulnerable nations."
"The 31-page pact does not have binding language or a mechanism to force countries to live up to the promises to cut greenhouse gases"
Final draft of global climate change deal is complete http://on.wsj.com/1Z4Xmq9
Europeans circulate Syrian, Iraqi passport watchlist: diplomats http://reut.rs/1THeQp6 /via @Reuters #migrationEU #refugeecrisis
COP21 on the verge of clinching a landmark accord. But price for #carbon in free fall. http://reut.rs/1J1y17e
#Warsaw anti-govt rally gathered 50,000 people, town hall sources quoted as saying by local media #Poland #KOD
German President Gauck says #Germany cannot take in all "economic refugees", "it wouldn't work". | ← "economic refugees"? Hm...
Italy. A tale of 2 nations. Lombardy is 136% richer than Calabria. That's twice the gap between Germany & Greece
#Greece govt & the Institutions reach agrmnt on 2nd set of milestones that wll unlock €1bn subtranche. Omnibus draft bill to parliamnt today
Cartoon at Greek newspaper EfSyn, portraying Schaeuble leading a Nazi tank made with 'Die Welt' parts. #Greece
Tsakalotos tells journalists that #Greece & lenders have agreed on details of 13 prior actions for next 1bln bailout tranche. Vote next week
Of 54,000 migrants/refugees registered at hotspots in Europe in Nov, 51,300 carried out in #Greece, says @GreeceMFA http://www.mfa.gr/en/current-affairs/news-announcements/foreign-ministry-spokesperson-konstantinos-koutras-responses-to-journalists-questions-regarding-the-latest-developments-on-the-european-level-in-the-refugeemigration-crisis.html#.VmrSlPf5DLE.twitter …
MNI: EU Split on Greece Debt Relief; IMF Role Questionable
Greece, Croatia and Italy face legal action for inadequately documenting refugees http://ti.me/1NRlHYB
Despite storms, deaths & Turkish arrests, the # of ppl reaching Greece hasn't dropped below 2k per day since 1 Dec
Asia & Emerging Markets
Japan, India PMs talks on track for bullet-train deal http://f24.my/1NVd5Ah
Japan gives India its second most important nuclear deal
http://timesofindia.indiatimes.com/india/Japan-gives-India-its-second-most-important-nuclear-deal/articleshow/50151693.cms …
#China's surprise adds to year-end worries BUT don’t be afraid of China’s currency basket. http://on.wsj.com/1TGTaJF
BREAKING: Fosun orders all Fosun-invested Chinese media to delete news about missing chairman Guo, sources tell SCMP
China: I guess the Yuan devaluations can stop now
Bitcoin Breaks Out Higher After China Announces Crackdown On UnionPay POS Devices http://www.zerohedge.com/news/2015-12-11/bitcoin-breaks-out-higher-after-china-announces-crackdown-unionpay-pos-devices …
BOJ’s JGB Holdings to Exceed That of Domestic Banks, Nikkei Says
Markets // Data - Charles Bilello .....
Global Equities, YTD total returns (local currency)...
Currencies vs. US $: New multi-yr lows this week in Colombia, Norway, South Africa, Mexico, Canada, India, China.
Yuan ends the week at its lowest level since July 2011. More rate cuts/devaluation likely from China.
EM Currency Index at new lows, down 40% from its peak in 2011.
Commodities, Credit, and Capitulation. New Post. http://pensionpartners.com/blog/?p=1772
Global Equities. US closest to all-time highs - only 3.7% below. Greece furthest - 91% below its peak in '99.
Currencies: new multi-year lows today in South Africa, Canada, and Argentina. China very close to new lows...
It's official: everyone is bearish on Crude.
'85-86: -63%
'90-93: -65%
'96-98: -54%
'08-09: -68%
'14-15: -66%
Seeing real signs of capitulation here in commodities/credit. Nothing goes straight to 0. Vicious bounce coming.
Commodities: new 52-week lows today in Crude Oil, Heating Oil, and Live Cattle.
CRB Commodity Index...
Dec 10, 2002: 187
Dec 10, 2015: 177
13-year low.
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