Friday, May 20, 2016

Economic News , Data & Views ( May 20 , 2016 ) Overview For Friday ( 1. Markets & Market Moving News : S&P 500 Trends - All Time High One Year Ago , All Time Total Return 1 Month Ago , Bonds and Credit Data Of Note , Crude Oil Items For Friday ; 2. French Protests Continue - New Target Appears French Refineries ; 3. EU- Turkey , Deal Under Major Stressors , Erdogan Continues Frantic Pace Of Seizing Total Control In Turkey ; 4. Greece Items of Note - Creditor Talks , Refugee / Econ Migrants News Of The Day ; 5. Iraq - Bloody Green Zone Protests As Tear Gas & Live Rounds Used On Protesters ; 5.Venezuela On The Edge Of Toppling Over , Food Scarcity Becoming Major Concern , Food Riots Already Occurring. )



Markets & Market Moving News.....






S&P 500 hit its all-time price high a year ago and all-time total return high 1 month ago. Global Equities YTD...










HYG outflows all time high









We'll only know in hindsight, but what if the secular low in yields has already occurred? 10-yr low: July 2012.









Spanish 2-Yr Yields hit an all-time low today of -0.09%. No hay imposible en los mercados...










Incredible...









: Struggle Over and Money Rattles Global Energy Market via










US oil and gas industry activity drops to fresh record low. Active oil & gas drilling rigs fall by another 2 to 404.
















Europe......







EU-Turkey , Refugee Crisis .....





"At its very first test, the EU-Turkey deal crumbles" --






Very important , for everyone following refugee crisis and / or EU -Turkey Deal...






EU bows down meekly to Erdogan power move to yank immunity from certain MPs. Balkan visa liberalization referenced.






Watch Merkel fold up like a pocket hankie...









Trying to build case for visa free travel for Turks with more jibber jabber...










France......






Next up in French protests -closing refineries....







against government : Map of refineries blocked, in ppl can't buy more than 20 € of gas








French protests continue day after day..








Greece.......







Zombie Banks of Greece need 20 BN in new capital due to high NPLs and poor shape of Greek Banks capital generally.






EZ -IMF divergence laid out..







Multi-bill of reforms approved by parliamentary committee








 
10 hours ago
Debt relief deal on Tuesday? Let's see if optimistic talk overcomes German resistance to debt relief now.










Iraq......





Green Zone protests.






Another report indicating tear gas + "live rounds" used on protesters today in Baghdad.






Venezuela.....






Venezuela, where a hamburger is officially $170









Venezuela is running out of sugar, the latest sign of a deepening crisis.








"They'll open their eyes at some point & come to our side" - Venezuela protester on the army









Venezuela is falling apart. And it's not just about running out of toilet paper.








Venezuela prepares for massive military exercises as president faces recall referendum:










Venezuela crisis puts influential military in spotlight. By









Food riots indicate end is not too far off for Maduro...