Monday, September 5, 2016

Economic News , Data & Views..... September 5, 2016..... Quick hits For Labor Day ( US ) 1. Germany Update - After Action Review Regarding State Election In Meckleburg - Vorpommern ( State Election Rebuke Of CDU ) , Merkel Still Stands Ground Of Controversial Refugee/Immigration Policies Despite Crushing Rebuke. 2. Crude Oil In Focus - Build Up To Looming OPEC Meeting With Rumor & Speculations Rampant. 3. Libya Updates - State of Play On Battlefield & Political Pricesses. 4. Statements From BoJ's Kuroda- "Postcards From The Edge.) 5. Odds & Ends.


Germany.....







If you find yourself in a ditch , stop digging....









The CDU fell from 23 percent to 19 percent in their worst result in the state.









CDU didn't fare well with M-V , let's see how Berlin Election goes...











I'm sure CDU also very dissatisfied with the results...












Merkel standing her ground on her refugee/ migrant/ immigrations policies , despite CDU floundering in M-V Election.










1 hour ago
Number of migrants claiming benefits in Germany surges by 169 percent
















Oil......







G20 Putin: Oil price now is not fair







More hopium....














More rumors betting ....











4 hours ago
gains as Saudi Arabia to make statement after Russia talks.









Saudi Arabia and Russia stick to their successful strategy for boosting oil prices -- keep talking about it








Froth fading away , as usual...










And there it is: SAUDI OIL MINISTER: NO NEED NOW TO FREEZE OIL OUTPUT










So nothing: RUSSIA, SAUDI ARABIA TO SET UP WORKING GROUP TO MONITOR OIL MARKET, WORK OUT RECOMMENDATIONS TO ENSURE STABILITY - INTERFAX










SAUDI, RUSSIA AGREED TO WORK TOGETHER TO AVOID CATASTROPHE.







SAUDI OIL MINISTER STILL HASN'T DISCLOSED SPECIFIC AGREEMENT. Making it up as he speaks?









SAUDI, RUSSIA DISCUSSED OIL MKTS, TECHNOLOGY COOPERATION: FALIH








SAUDI, RUSSIAN ENERGY MINISTERS SIGN AGREEMENT IN CHINA








IRAN CAN RAISE OIL OUTPUT TO 5M B/D IN 2-3 YEARS: NIOC OFFICIAL. Production freeze time








Libya.....






Liberation of is coming at a huge cost to the city of & its people. Managing post liberation period very challenging.









LNA continues to consolidate its grip on Eastern . Popular/tribal support still strong despite controversial moves by Nadori.








Despite pressure from Intl community on Serraj/PC to reach out to Haftar/Tobruk camp, PM Serraj doesn't seem to be convinced yet.









Algeria reiterates its oppositions to all forms of foreign intervention in in reference to US/French action in .








cryptic tweet from US Libya envoy as reconciliation talks get underway.







Libya Update 1: Leaders and diplomats meeting Tunis today to discuss impasse betwixt UN-backed govt (Tripoli) and parliament (Tobruk)







Libya Update 2: Tripoli govt. forces + US air strikes continue offensive against IS at Sirte. IS pushed back into one district.








Libya Update 3: Tobruk govt. forces continue offensive against Shura Council and IS in Benghazi. UN calls for humanitarian corridor.







Libya Update 4: UN-backed govt. (Tripoli) due to present new cabinet for approval by parliament (Tobruk). Previous one rejected.







Libya Update 5: EU reinforced naval task force, Operation Sophia, off Libya. Due to begin interceptions migrant + arms smugglers.








Migration piece from Sky Tv to consider...










7 bodies recovered, 354 migrants rescued off Libya








Japan.....






Not quite the dream of 2% inflation....








What happens after BOJ buys every stock ETF and JGB ?








Perhaps it might be that there are limits to effectiveness of monetary easing. Just saying....








He's delusional....









He's going to be proven wrong of course...







Odds & Ends....





Two speed EU ? Italian foreign minister Paolo Gentiloni - Italy will "fight" for a "new type" of EU. 1








He said the club of 28 states should contain "a smaller circle that share the single currency, the Schengen Treaty 2








& especially better coordination of defense.A core of 7 to12 EU countries which may have greater integration levels."3








Tusks plays nice. Ergodan bluntly tells the G20 press corps that the West was “racist”.








Only 4,500 of 160,000 planned relocations actually take place. Epic fail for EU.


















Rebels state their next step is to advance southwards towards al-Bab, “even if Ankara doesn’t participate.”








 
"We are working for this region to be declared no-fly zone," Erdogan said, referring to Jarabulus to Azaz area.










Erdogan said TUR was cooperating w/ Russia for a ceasefire in the Aleppo region before the Eid holiday-due September 12.







As stated previously , Syria War to be decided by Russia , Iran and Turkey...











1 hour ago
At least 40 people were killed as explosions rocked Syria today










Interesting....













Tensions Rise As French Citizens Blockade Calais Port Calling For "Demolition" Of Migrant "Jungle" Camp










Putin: Russia’s external debt at 13% of GDP









China blames United States, journalists for Obama airport fiasco









Note to Regulator - probably there's a reason they're in receivership.....










South Korea said it will extend financial support for contractors of Hanjin Shipping , via supplementary budgets.











Not buying into this Scheme at all...











Looks like TTIP and TPP are really in trouble ......









WHOA !!!!!!!!










1 minute agofred walton Retweeted zerohedge
Erdogan's powers extend outside Turkey , regarding Gulen purge....











Hillary Is Either A Liar Or She's Grossly Incompetent: "There Is No Other Interpretation Possible"









N. KOREA FIRES 3 BALLISTIC MISSILES OVER EASTERN SEAS: YONHAP