Friday, August 26, 2016

Economic News , Data & Views .... August 26 , 2016...... End Of The Week Wrap-Up : 1. Markets & Market Moving News : US Stocks & Bonds Turmoil After Yellen Jackson Hole Speech - As Well As Comments From Bullard , Lockhart & Fischer ; Asia Overnite , Europe Morning , Wall Street Preview ; News From The Oil Patch & Oil Price News ; US Data - Trade Data , Real GDP Grows At Just 1.2 %. 2. Turkey News De Jour. 3. Syria State Of Play . 4. Around The Horn - Europe Generally. 5. Libya In Focus. Odds & Ends...




Throwback Friday music to read by.....






















Is this the real life ?


Is this just fantasy ?



*****










Markets & market moving news...









Credit Bubble Bulletin: Weekly Commentary: Yellen Unveiling, Jackson Hole ... Doug Noland's weekly missive.









's Yellen assures markets rate rises are coming, investors aren't buying it













Odds of Sep rate rise top 40% after Fed's Vice Chair Fischer said Sep rate increase possible








The Fed’s forecast of gradual rate hikes is damaging its credibility, Bullard says







The U.S. economy grew at a lackluster 1.1% pace in Q2















Today's Yellen speech -Jackson Hole









YELLEN SAYS SOME ESTIMATES SHOW REAL NEUTRAL RATE CLOSE TO ZERO - BBG YELLEN: LOW NEUTRAL RATES TO GIVE FED LESS SCOPE FOR CUTS







YELLEN: IN FUTURE, WORTH LOOKING AT BROADER RANGE OF ASSET BUYS - BBG






YELLEN: FOMC ANTICIPATES GRADUAL FFR INCREASES APPROPRIATE - MNI






'S YELLEN: CASE FOR RATE HIKE STRENGTHENED IN RECENT MOS - MNI










Lockhart Now Suggesting That 2 Rate Hikes Are A Possibilty In 2016 On BBGTV, After Suggesting 1 Was Likely Apt On Fox






FISCHER: NEXT FRI. JOBS REPORT WILL WEIGH ON FED DECISION - BBG








BULLARD SAYS IT'S TIME TO RETHINK FED NORMALIZATION PLANS. 1 rate hike in 9 years with a $4TN balance sheet = normalization








BULLARD: NOT GOOD PLAN TO RAISE RATES JUST SO WE CAN CUT LATER. best to never raise then







We shall see how long this lasts..










Chart: Strange to see gold and equities so correlated -












World's shortest post Fed speech Gold smackdown ever. Yellen bluff called, going ballistic









Asia Overnite , Europe Morning , Wall Street Preview..








Fwiw..







| August (to date) crude southern port exports 3.205mbd. ⬆from july's 3.202mbd. south oil company officials friday.








Baker Hughes US Rig Count Aug 26: 489 (prev. 491), Oil 406 (prev. 406), Gas 81 (prev. 83)









For those thinking Iran has intentions of agreeing to a production freeze , in the absence of huge Saudi cuts.








| minister Zanganeh friday: “Revival of Iran’s lost share in the oil market is the national demand of Iranian nation.”





Turkey.....





Trouble man....











8/27 items...





Turkey’s media watchdog closes another 29 TV channels via






Turkey set to dismiss another 6,800 police officers over Gülen links via








389 arrested, 225 others detained over Gülen links on Friday via


















Turkey arrests 40 businessmen over support to Gülen Movement via











2 minutes agofred walton Retweeted Abdullah Bozkurt
Very interesting thread ( 9 parts ) to read !









It will be interesting who of the current GNA ministers will retain their position. MoD remains a problematic post.








UN envoy says parliament should support UN-backed government.









Boycotting member of UN-backed government to rejoin. Presidency now has 8 members (9th still boycotting)






















Erdogan and Putin discuss aid situation in Aleppo.










PKK claims deadly suicide bombing that killed 11 & injured dozens at Turkish police station











PKK claims responsibilty for today's attack in Southeast Turkey.









Fatal bombing hits Turkish police in







Great read on Turkey's Operation Euphrates Shield & current state of play in northern Syria.







Syria.....






Ramblin Man....












8/27 items..





Outrage at US expressed by betrayed Kurds.







SDF view on Jarabulus clashes (1)







SDF view on Jarabulus clashes (2)








SDF view on Jarabulus clashes (3)










ٍ#Syria Armed groups response











de Mistura on 48 hour Aleppo aid plan:










Live footage from Kobani protestors against Turkish troops digging trenches, making walls









civilians protesting against Turkish incursion into territories.









Fighting heating up between Turkish backed fighters and SDF near Amarnah.








Islamist group Faylaq al Sham is 100 % backed. is 100 % backed. These 2 groups are now killing each other in Northern








Things getting messy around . 2 pro-YPG SDF units announce intent to counter “Turkish occupation.”











- Since the US & -backed offensive was launched, opposition forces have steadily expanded vs. :









- This morning, Faylaq al-Sham claim its forces have clashed with SDF south of ; several killed:











entry into not precursor to No Fly Zone (NFZ) but Kurdish Free Zone (KFZ)








Has Turkey established NFZ over N. Syria? No, because US Air Force provides air cover in Jarablus. If USAF leaves, Russia, not TR takes over









army convoy crosses onto the Ayn al-Arab ()opposite side of in N &begins digging security ditches (Sources)
















Steffan de Mistura on : the U.N. wasn't consulted.







8/26 items.....







Details are where the devil resides within...









Turkey and Russia set to discuss Syria at decision maker levels.









Erdogan takes PKK fight to political level , if elected kurdish mayors are summarily sacked and replaced by Ankara.








Europe General News Round Up...













[Ticker] plans to reinforce border fence against migrants






Turkey running out of patience , expects date certain from EU for visa free travel.







Visegrad countries press case for less EU control..


















World's largest Hedge Fund: took credit risk at Corp Bond Buying Program. Bought into 118 BB+ & non-rated bonds











Libya......



















8/27 Items....





PM Serraj calls for Presidential Council to convene tomorrow in to discuss new government proposal









4 hours ago
It will be interesting who of the current GNA ministers will retain their position. MoD remains a problematic post.










Situation in is "deceivingly" OK but tensions in the capital remain high & will depend on Misratans' move after .









Electricity Co. employees protest 4 months of unpaid salaries at Ministry of Finance











Fayez Serraj briefs French FM on latest developments, invited to visit









Hospital: 442 killed, 2100 wounded since start of ops against in









8/26 Items....






UN envoy Martin Kobler arrives in Cairo to discuss latest developments










Court orders release of more emails by 13 September* (correction - prior copy said December)











Potentially escalating civil conflict, 's GNA faction seeks more US Military support in the form of "enhanced military capabilities"










Boycotting member of UN-proposed Presidency Council Omer Asoud, from Zintan, re-joins PC to take part in discussion to select new cabinet










Army claims new victories in Benghazi – renews rejection of unity government









US AFRICOM: "Winer, Waldhauser and Sarraj discussed strategic options for ’s future once Sirte is liberated."










Rada captures kidnap gang and drugs dealer, frees eight-year old and returns ransom -











Tripoli-Zawyia coastal road reopened as Serraj promises compensation to Wirshifana -























A message from Aguila to the president of the UN." There's no legitimate govt. The PC can't act as the "






Odds & Ends.....




















Toronto bank robber known as 'fake beard bandit' has been charged in crossbow deaths:










Man pretends to be 300-year-old Chinese emperor, swindles woman out of more than ¥47 million











Traveling along the one year on











governor uses gay slur, challenges fellow lawmaker to a duel









Zika transmission by symptomless man to his female partner..








Questions Raised Over How Insurgents Infiltrate Capital