Friday, November 18, 2016

Economic News , Data & Views ....... November 18 , 2016...... Quick Hits For Friday - 1) Markets & Market Moving News : US Stocks End Modestly Down On Friday , Bond Rout Continues , FX Turmoil Continues ; Oil : Baker -Hughes Rig Data , OPEC Jibber Jabber From Doha ; ECB & Fed Speakers ; Additional Items To consider. 2) US Politics : Transition Updates ; Overall Political Potluck special Of News. 3) Around The Horn for Europe ; Greece ( Debt Relief discussions , Polytechnic Clash Arrests , Creditor Talks , Additional News Of note , Charts Touching On Italy , Merkel - Brexit Comments , French Politics Update , Further News Of Note, 4) Odds & Ends - Syria , Iraq , Libya , India And Additional Items Of Note.


Markets.......






Trump-gasm Sends Stocks To Longest Win Streak In 13 Years Despite Currency, Curve, & Credit Carnage






US stocks end the day down by only modestly




A look around the major currency pairs as the week comes to a close




WTI futs settle +27c (+0.6%) @ $45.69/barrel







US Baker Hughes Oil Rig Count 18-Nov: 588 (+20)







Today's blog post shines light on a leading indicator which would point to the potential bankruptcy of Venezuela.






Yeah , all the details that matter are unresolved. Same details which weren't resolved in September. Jaw-boning.









| al-Luaibi friday: optimistic for Vienna meeting. he & have made progress in resolving differences. WSJ. via .









| energy minister Alexander Novak friday: I am sure Nov 30 may yield an deal. today's talks added to my optimism. RTRS.







| energy minister Alexander Novak friday comments re informal meeting at Doha. energy ministry.








"This is a fuck's site worse than Brexit... any size is moving markets drastically, and the machines just make it worse."








US 10y yield jumps at 2.34%, Highest since Nov 9 2015, logs biggest 2week increase since 2001.
















Fed's Kaplan: Policy divergence could further strengthen the US dollar








Feds Kaplan: See oil markets moving back to balance early next year









ECB's Praet: We will take a comprehensive look at inflation outlook at Dec meeting



US Politics ......






It may be that even with the post-election riots that have swept the country, we ain’t seen nothing yet....








Rep. Tim Ryan says Dems need someone to "represent entire party" as he targets Pelosi






The title really underlines the point of the article !









More ponderings on pardon or clemency for HRC , after Trump selection of Sessions for AG.








I doubt Snowden receives a pardon from either Obama or Trump...








GOP unveils bill to block ObamaCare 'bailout'







NATO Sec.-Gen. Stoltenberg: "Good talk" with Pres.-elect Trump; we underlined enduring importance of NATO, and increased defense spending.








European Council Pres. Tusk spoke with Pres.-elect Trump via phone today, Tusk says on Twitter.







Trump MEETING LIST Mitt Romney Michelle Rhee Betsy DeVos James Mattis Todd Ricketts Bob Woodson Andy Puzder Lew Eisenberg per transition








Mike Rogers could be the next Director Of National Intelligence.









I've put together some weekend reading on the emerging Trump team (Flynn, Sessions & Pompeo) for :








After a heated and close Election , it isn't unusual for emotions to run high for a period of time. It passes.









This is true. Giuliani is the frontrunner for secretary of state. Lots of false rumors this week that he'd fallen out of favor.







In contention for Trump DEFENSE secretary: Jack Keane, retired Marine general who led Central Command, informally advised Hillary Clinton.






Donald Trump has agreed to settle all three Trump University cases for $25 million, source tells







It makes sense to clear the deck , prior to taking office.











., Trump's pick for CIA: critic of nuke deal & pmts, intel manipulation, Clinton's emails & handling of

 









TRUMP HAS OFFERED CIA DIRECTOR POSITION TO U.S. REPRESENTATIVE MIKE POMPEO, POMPEO HAS ACCEPTED -TRANSITION OFFICIAL






SPIEGEL Interview with US President Barack Obama: 'We Could See More and More Divisions'









Across Europe.....






If all countries stopped living beyond their means, where would all the German trade surplus go to?






SCHAEUBLE SAYS DEBT CUT WOULDN’T HELP GREECE







SCHAEUBLE: GREECE NOT DONE ENOUGH TO CARRY OUT NEEDED REFORMS







Not stated in this particular article-but question exists as to precisely what does the Greece Gov't want re: D.R ?











Thirteen arrests made in Athens during Polytechnic clashes







debt talks require involvement, says head of EFC and EWG Thomas Wieser via



GERMANY'S MERKEL SAYS WON'T BE ABLE TO DISCUSS BREXIT IN DETAIL WITH BRITISH PM MAY TODAY AS SHE HAS NOT YET TRIGGERED ARTICLE 50








GERMANY'S MERKEL SAYS WE ACCEPT THAT BRITISH GOV'T HAS SAID IT WILL BE INVOKING ARTICLE 50 BY END OF MARCH







AT this point, it looks like the next French President will be either Marine Le Pen or Alain Juppé.







Buba's Weidmann: EU commission basically given up enforcing stability pact. Market forces are the only mechanism left to set incentives.







December 4th.....Get your popcorn !








Chart of doom for 's most indebted country. 10y yields jump to 2.17%.








Not sure, whether that endorsement will help or hinder: Inc. backs Premier Renzi's crucial reform vote.









Bond rout deepens w/ peripheral debt hit hardest. 10y risk spread over jumps to 185bps.







Odds & Ends......







Syria / Iraq.....






My latest: US-led coalition doesn’t support Turkey-backed rebels in al-Bab...








/n War Report – November 18, 2016: Gov't Forces Storming Eastern via









U.N. says it is a 'very bleak moment' as the battle for Aleppo escalates. Read more:


















Iraqi troops expand foothold in Mosul as ISIS pledges more suicide attacks












People displaced by fighting in and around Mosul carry firewood at a boundary of Kurdish t…













Libya......



















Loud shootings can be heard in various areas of . Road b/w Zawiyat Dahmani & Dahra is still blocked. Situation remains tense






FWIW & Take With Bucket A full Bucket Of Salt - But if accurate , eye-opening words from Kobler....








security chief: 100 security vehicles to be deployed around the city in the coming week.









Reports of an explosion in military airbase. Initial reports suggest the explosion occurred in one of the weapons depots.









Refugee deaths in the Mediterranean hit a new record high..











Fighting in Tajoura last night; Kara militia seen heading for Feshloom today









: Barghathi, Sarraj defense min. & Jadran ally, now in Jufra. Misrata refused to join his Oil Crescent operation. He has nowhere to go









Tripoli : Haitem Tajuri's relative & right hand man Khashaiba killed on Shatt Street - an area under control of Team Sarraj. A signal.


















: Thread on murder this week in Tripoli of Misrata fighter Lekraik Video of Lekraik

























India.....






U.S. Banks Close Rupee Exchanges After Large Bills Ruled Illegal via







Banks to not exchange old notes tomorrow; senior citizens exempted






Chaos as Millions in India Crowd Banks to Exchange Currency









| Banks tomorrow won't exchange old currency notes, will only serve senior citizen, ANI quotes Indian Banks' Association Chairman









No cash in banks for weddings