Catharsis Ours: Economic News , Data & Views ( March 2 , 2016 ) Overview ( 1.Oil Decline In Perspective. 2. Global Equities - YTD. 3 ECB - Policy In Tatters. ) Europe In Focus ( 1. Refugee Situation / Border Security. 2. German News Of Note. 3. Spanish Political Updates. 4. Greece - Around The Horn. ) Odds & Ends ( 1. UN Imposes Sanction On North Korea - A Provocation Directed To South Korea , Japan Or China Coming Soon . 2. Libya Unity Go'vt Still Eludes UN. 3. Trump Rolling Along In GOP Presidential Nomination Race. 4. Jordan Thwarts ISIS Attack.5. BOE Chimes In On Cash Elimination to Facilitate Deeply Negative Rates )

Overview........

Largest Crude Oil Declines in History
11-16: -77% 
08-09: -76%
85-86: -66%
90-94: -66%
96-98: -59%
00-01: -54% 

‏@MktOutperform

Positive YTD
Argentina
Colombia
Turkey
Thailand
Indonesia
Russia
Mexico
Taiwan
Brazil
Malaysia
All Emerging Markets 

‏@Schuldensuehner

#ECB strategy in tatters as inflation expectations keep falling despite recovery in risky assets & oil stabilization 

‏@Schuldensuehner

#ECB fails to push money into the real econ. Excess liquidity rises to 3.5y high in tandem w/ amount of QE programme 

Europe.....

Refugee Crisis / Border Security ......

‏@politicalbeauty

Due to a lack of tents, refugees have to sleep on the ground, covered in... via .@philippbreu 

‏@MiddleEastEye

Only 170 refugees were allowed to cross the Macedonian border out of a total of 10,000 http://ow.ly/YZmG4  

‏@fredwalton216

Relations between Vienna and Berlin have hit a new low over the migration crisis ..... 

Open Europe @OpenEurope

24,000 migrants said to be currently trapped in Greece as Macedonia enforces its shared border: http://openeurope.org.uk/daily-shakeup/government-report-all-existing-alternatives-to-eu-membership-come-with-serious-risks/#section-1 … #migrantcrisis

Germany.......

‏@dwnews

Digging into Dieselgate: #EU parliament looks into emissions cheating http://dw.com/p/1I5eE  

‏@dwnews

Glyphosate weed killer found in German beers, study finds http://dw.com/p/1I1hZ  

‏@fredwalton216

March 13th Regional Elections will give insight as to German mood generally and CDU & CSU more specifically.  

The Greek Analyst @GreekAnalyst

Merkel refugee policy faces first big electoral test http://on.ft.com/1ToUHb8  via @FT

‏@fredwalton216

Sultan showing Germany who is charge , ahead of March 7th Refugee Summit between EU & Turkey. 

Greek Reporter @GreekReporter

Turkey Bans German Defense Minister from Landing on Greek Island http://dlvr.it/Kg7LrY  #Greece

‏@fredwalton216

Slow walking the  process... 

Christian Thiels @ThielsChristian

Ankara denies ‘#Turkey is blocking @NATO's Aegean operation’ http://bit.ly/1OOBlUH   @HDNER

Spain......

‏@LondonerVince

#Spain - Significance of today's confidence vote is we now have a hard deadline: re-run elections if no new PM can be voted in by May 2.

‏@elpaisinenglish

BREAKING Socialist Party's prime ministerial hopeful Pedro Sánchez loses first vote in Congress http://cort.as/cdGT  #ELPAÍSinvestidura

‏@thespainreport

BREAKING: Speaker says second-round simple-majority vote will be Friday evening. https://www.thespainreport.com/articles/671-160302183256-spanish-congress-votes-219-130-against-psoe-leader-pedro-sanchez-becoming-prime-minister … 

‏@fredwalton216

Inevitable ..... 

Vincenzo Scarpetta @LondonerVince

#Spain - PP and Podemos have officially declared their 'No'. It means PSOE leader Pedro Sánchez will lose tonight's confidence vote.

‏@thespainreport

SÁNCHEZ VOTE: Pablo Iglesias announces Podemos will vote 'no' to Pedro Sánchez as PM https://www.thespainreport.com/articles/669-160301162315-confidence-vote-in-pedro-sanchez#509 … 

Greece.....

‏@ekathimerini

Greece acknowledges it is no longer a transit country for migrants http://dlvr.it/KgKtP4  

‏@ekathimerini

EU, US unhappy with Greek-Italian pipeline http://dlvr.it/KgM1WD  

‏@ekathimerini

Bad loans to grow further this year http://dlvr.it/KgM1Rk  

‏@ekathimerini

ESM chief optimistic over next Greek aid tranche http://dlvr.it/KgJjC7  

‏@ekathimerini

Tsakalotos warns of bailout failure risks http://dlvr.it/KgJjLg  

‏@GreekAnalyst

#Slovakia PM Fico: "Mr. Tsipras, if you don't do what you've pledged re: borders, there's going to be 1 and only 1 hotspot, named #Greece."

‏@GreekAnalyst

#Slovakia PM Fico: "And it is you who'll will be responsible, as you've done nothing until now in the borders between #Greece and #Turkey."

‏@ekathimerini

GSEE plans protest, threatens two-day strike http://dlvr.it/KgHRDG  

‏@philippbreu

It begins. #idomeni 

Loukia Gyftopoulou @loukia_g

#Greece immigration min says Idomeni northern border set to close permanently #refugeesGr  https://twitter.com/PapadoJohn/status/705047970236997632 …

‏@ekathimerini

Business ponders ‘horrific’ cost of end to borderless Europe http://dlvr.it/KgFL6H  

‏@ekathimerini

Eurozone, IMF split over how much Greece needs to reform http://dlvr.it/KgCrlq  

‏@ekathimerini

Kotzias says Greek veto not likely at EU summit http://www.ekathimerini.com/206530  #Greece

Odds & Ends......

‏@SputnikInt

BREAKING: #NorthKorea fires short-range missiles into #EastSea  http://sptnkne.ws/aKy3  

‏@fredwalton216

Didn't have to wait very long. Should expect more provocations.... 

dwnews @dwnews

#BREAKING: #NorthKorea fires missiles into sea, South Korea's defense ministry said, just hours after @UN imposed sanctions on #Pyongyang.

‏@dwnews

UN imposes 'unprecedented' sanctions on North Korea http://dw.com/p/1I5h6  

‏@reportingLibya

#Libya UN envoy criticises groups in both Libya's 2 parliaments. 

Martin Kobler @KoblerSRSG

#Libya cannot continue to be held hostage by minorities in the House of Representatives and the General National Congress

‏@Eljarh

#Libya - aim of HoR delegation's visit to #Tripoli is not to find a deal with #GNC, but destroy any chance for the current Prez Council.

‏@LibyaAlHurraTV

UNSMIL budget:$41+ million spent to date & counting. SRSG asks for more time, money for an elusive unity deal #Libya 

‏@Redistrict

Trump still at 112% of what he needs to be "on track" for 1,237, but Cruz has overtaken Rubio for 2nd, 58% to 48%: http://projects.fivethirtyeight.com/election-2016/delegate-targets/ …

‏@fredwalton216

With the last few results still trickling in, what can tonight teach us about upcoming contests?… http://53eig.ht/1TPS6Xm  A look ahead .

‏@TheArabSource

Jordanian security forces arrest at least 30 terrorists http://bit.ly/1WVJehc  #Irbid #Jordan 

‏@EjmAlrai

#Jordan said "an #ISIS plan was interrupted to destabilise the Kingdom", following Irbid unrests last night.

‏@stewardmagazine

GID says Irbid raid targeted Daesh – affiliated terrorists | Jordan Times http://www.jordantimes.com/news/local/gid-says-irbid-raid-targeted-daesh-%E2%80%93-affiliated-terrorists …

‏@fredwalton216

Another one of these cash elimination comments from left field.....this time from Bank of  England. 

Ioan Smith @moved_average

#UK #NIRP | *DJ BOE Broadbent: Deeply Negative Rates Only Possible If Cash Eliminated

Catharsis Ours

Wednesday, March 2, 2016

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