Credit Bubble Bulletin: Weekly Commentary: The Perils of a Resurgent Chin... http://creditbubblebulletin.blogspot.com/2016/10/weekly-commentary-perils-of-resurgent.html?spref=tw …
Good morning from Berlin. Global stock markets have lost $426bn in this week as investors appear to be in de-risking mode on tapering fears.
"It’s surprising how quickly we’ve reached this situation" (it's really not)
ECB prices itself out of corporate-bond market as yields of some notes are too low to be eligible for buying program http://bloom.bg/2e9MVoC
US Treasury criticizes #Germany's 9% GDP trade surplus and export-reliant economy.
US tones down criticism of #China and other trading partners in new currency report. No country named a currency manipulator.
ALCO Poll Places ND Ahead, But ‘Nobody’ Is Winning Fight Against Corruption http://dlvr.it/MSHnN0 #Greece
Greece’s Turn? Former Greek PM Papademos Says Debt Relief Is Just Part of Solution http://dlvr.it/MSHnGz #Greece
Council of State Delayed by Bomb Hoax and Adjourned Without Voting on TV Tender http://dlvr.it/MSFm7y #Greece
#Greece Jan-Sep budget execution: €5.45bn primary surplus (3%/GDP !), €606ml sur+ (0.3%/GDP). €1.5b plus in tax revenue, €2.5b less expenses
#Greece arrears payments of 915 mln in Aug bring total to 1.4 bln over two months https://shar.es/1EhKhh #economy #eurogroup #esm #ec
According to Welt am Sonntag, "Deutsche Bank may be forced to shrink its U.S. activities as part of the settlement deal with the DOJ."
Germany will send back most Nigerians, Merkel warns https://www.thelocal.de/20161015/the-well-being-of-africa-is-in-germanys-interest …
Germany threatens "legal penalties" if Facebook and Twitter fail to combat hate speech https://www.thelocal.de/20161015/germany-threatens-facebook-with-hate-speech-law …
Isis bomb plot suspect was radicalized in Germany, brother claims https://www.thelocal.de/20161014/isis-suspect-was-radicalized-inside-germany-brother-claims …
73% of Germans think that there will be a terror attack in Germany soon.62% think that enough is done to prevent terror attacks - @ZDF poll.
Germany, Forschungsgruppe Wahlen poll: CDU/CSU-EPP: 34% ↑ SPD-S&D: 22% AfD-ECR: 13% GRÜNE-GREEN: 12% ↓ LINKE-LEFT: 10% FDP-ALDE: 5%
Germany, Forsa poll: CDU/CSU-EPP: 34% ↑ SPD-S&D: 22% AfD-ENF: 12% ↓ GRÜNE-GREEN: 11% LINKE-LEFT: 10% FDP-ALDE: 6% #btw17
Angela Merkel’s CDU/CSU party has fallen to an all time low, only obtaining 29.5% (-0.5) in a new Insa poll for Bild. This is the first time
MENA Items ....
Arriving via Italian frigate&sequestered on a navy base,speculation swirls on how GNA will regain access to #Tripoli
#Libya Several Tripoli sources saying situation on the streets now is calm.
EU calls on PC to "rapidly strike a compromise on an inclusive new [cabinet] proposal" and on HoR to hold vote in "fair and orderly manner"
#Libya UN and EU have both condemned Friday's attempted Tripoli coup. No clear sign yet how local forces are responding.
UNSMIL, EU & Western ambassadors to Libya condemn takeover of #StateCouncil HQs in Tripoli by members of exGNC,reaffirm support for GNA &LPA
#Libya UN envoy condemns coup attempt
#Libya BREAKING: UN condemns Tripoli coup.
PC: [The perpetrators of t takeover] who were proven unable to lead the country now want to form parallel institutions & destabilize Tripoli
PC: We gave immediate orders to MoI & security agencies to correspond w/ Prosecutor General & arrest those who planned & staged the takeover
GNA PC condemns yday's takeover of Tripoli Congress hall by "armed group", says it will "deal with it w/ all its might" to defend govt bldgs
#Libya UN-backed Libya government chiefs were in Tunisia discussing new cabinet when former government announced takeover of Tripoli Friday.
#Libya UN-backed government condemns Tripoli coup
11 hours #Libya BREAKING: Former Tripoli (Salvation) government declares UN-backed government State Council void, captures its Tripoli HQ.
#Libya Coup attempt comes with Tripoli enduring militia skirmishes, power cuts, money shortages, diplomats highlighting spate of kidnappings
So much for that...
In reply to Laura Rozen
meeting agrees to more meetings
#BREAKING: International peace talks on Syria begin in Lausanne after Kerry meets separately w/ Saudi & Russian FMs - via @AFP
#SYRIA: On the schedule today:
-Bilat b/w Kerry & Saudi FM al-Jubeir -Bilat b/w Kerry & Russian FM Lavrov -Multilateral talks in afternoon
#SYRIA: World powers meeting in #Lausanne today to try, once again, to chart a path to a ceasefire/political settlement to devastating war
#Russia's only aircraft carrier Admiral Kuznetsov left its base, heads towards the waters off #Syria http://thebarentsobserver.com/en/security/2016/10/aircraft-carrier-left-murmansk-heads-towards-syria … /ht @carlbildt
"The group consists of the aircraft-carrying heavy cruiser Admiral Kuznetsov, the Pyotr Velikiy battlecruiser, ....
...... large anti-submarine ships Severomorsk and Vice-Admiral Kulakov and support vessels,"
This week, the Kremlin claimed @BorisJohnson was suffering from "Russophobic hysteria" over #Syria https://themoscowtimes.com/news/kremlin-boris-johnsons-syria-claims-russophobic-hysteria-55695 … #aleppo
Putin & Xi have in common suppression of growing domestic dissent but even Xi won't endorse Putin's Syria slaughter. http://bit.ly/2e0MGt4
Obama meets with national security team on Syria, Islamic State http://reut.rs/2ddDof7
Canada is pushing for emergency UN General Assembly session on Syria to circumvent Russian veto in Security Council. http://bit.ly/2dSpL6m
Somewhat obscured by the U.S. election this week: The implosion of relations between Russia and the West http://nyti.ms/2dU64v5
Syria's Aleppo pounded as Assad vows to "city" ahead of Saturday truce talks http://aje.io/5vy2
As always, Putin wants to put himself in the strongest position when Syria talks resume http://nyti.ms/2dQF7ok
Though US ended talks with Russia on Syria, Pres backing other intl efforts to reduce bloodshed & seek diplomatic end to civil war in Syria.
WH statement says Pres Obama used NSC meeting to cite top priority of preventing attacks on US & countering ISIS/al-Qa'ida terror threats.
At NSC meeting today, Pres Obama reaffirmed "aggressive campaign" against ISIS and intl talks to reduce conflict in Syria, says WH.
The U.S. has a long history of pressing for “regime change” in Syria. http://www.counterpunch.org/2016/10/14/an-urgently-necessary-briefing-on-syria/ …