Wednesday, March 2, 2016

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%








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







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







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 ......




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








Only 170 refugees were allowed to cross the Macedonian border out of a total of 10,000







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







Germany.......








Digging into Dieselgate: parliament looks into emissions cheating











Glyphosate weed killer found in German beers, study finds










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








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











Slow walking the process...












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.










BREAKING Socialist Party's prime ministerial hopeful Pedro Sánchez loses first vote in Congress
















Inevitable .....







SÁNCHEZ VOTE: Pablo Iglesias announces Podemos will vote 'no' to Pedro Sánchez as PM








Greece.....







Greece acknowledges it is no longer a transit country for migrants










EU, US unhappy with Greek-Italian pipeline











Bad loans to grow further this year












ESM chief optimistic over next Greek aid tranche











Tsakalotos warns of bailout failure risks










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 ."










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








GSEE plans protest, threatens two-day strike










It begins.









Business ponders ‘horrific’ cost of end to borderless Europe









Eurozone, IMF split over how much Greece needs to reform












Kotzias says Greek veto not likely at EU summit






Odds & Ends......







BREAKING: fires short-range missiles into









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








UN imposes 'unprecedented' sanctions on North Korea







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








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









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











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%:









With the last few results still trickling in, what can tonight teach us about upcoming contests?… A look ahead .







Jordanian security forces arrest at least 30 terrorists









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









GID says Irbid raid targeted Daesh – affiliated terrorists | Jordan Times









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