Sunday, January 22, 2017

Economic News , Data & Views......January 22 , 2017...... Quick Hits For Sunday -1) Markets : Doug Noland's Weekly Round Up For Global Markets ; OPEC Monitoring Items Of Note ; US Gov't Transition Market Positioning Show Rising Yields As A Hallmark ; Global Bond Markets Lose Another 105BN In Last Week's Trading. 2) News Link For Saturday & Sunday To Consider. 3) US Politics : UK Prime Minister Set To Visit President Trump As Soon As This Coming Week ; President Trump Speech At The CIA ( Transcript Of Speech & Some Highlighted Items) ; Trump Team In Talks On Post-Brexit Deal With UK ; Trump's America First Pledge Has Europe Nervous ; Political Odds & Ends. 3) Europe In Focus : Additional Items Of News Touching On Europe - Greece , Davos - WEF 2017 , Germany , France & Italy In Focus . 4) Odds & Ends - Libya , Syria & Iraq In Focus !


Credit Bubble Bulletin: Weekly Commentary: Just the Facts Doug Noland's Weekly Offering - "Just The Facts "

3,000 people ordered to evacuate after fire breaks out at Wakayama Prefecture oil refinery

Latest from / non-OPEC meeting: says 1.5mb/d taken out of market sees no reason for longer, deeper cuts

| minister Boutarfa: monitoring committee will meet 3 times ahead of next OPEC meeting, scheduled for May. APS.

| Boutarfa: OPEC meeting devoted to issues re monitoring systems, sources, planning, deadlines, warning systems, exports. APS

Saudi minister says 1.5 mbpd of oil already removed from market

, non-OPEC cut about 80% of pledged reductions. sources. DJ.

| minister Boutarfa saturday: if compliance at 80-90%, may not be necessary to extend cuts [beyond 6mos]. BBG.

Global bond markets have lost $105bn in value this week following US inflation data as well as hawkish commentary from Fed's Yellen & others

News Links For Saturday & Sunday .....

Sunday's News Links

[Bloomberg] PBOC Conducts 60 Billion Yuan of China Open-Market Operations

[Reuters] China party paper says no 'provocation' can stop its military drills

[NYT] Leaders Abroad, Joyful or Wary, Face Uncertainty of Trump Era

Saturday's News Links

[Reuters] Wall Street Week Ahead: Optimism among S&P 500 CEOs as Trump takes power

[Reuters] Merkel vows compromise with U.S. on trade, military spending

[Bloomberg] Merkel Scours Trump Archive for Clues on How to Read Him

[Reuters] French far-right leader Le Pen calls on Europeans to 'wake up'

[Bloomberg] EU Populists See Trump Victory as Beginning of End for Old Order

[Reuters] Asian media decry isolationist Trump, fear economic, diplomatic turmoil

[The Hill] Five takeaways from Trump's inauguration

[UK Independent] Chinese media warns of 'dramatic changes' and 'fires being lit' as President takes office

[Spiegel] Donald Trump and the New World Order

[NYT, Irwin] Presidents Have Less Power Over the Economy Than You Might Think

[WSJ] President Trump Issues Directives on Regulatory Freeze, Affordable Care Act

[Washington Post] Europe’s nationalist leaders kick off year of election hopes

US Politics....

Trump tweet topics (still not ) on Day 3: -pushback on criticism of CIA speech -marchers should've voted -TV ratings

1 hour ago
Trump message to Sunday political shows: First trip to a federal agency went well; didn't disrespect wall memorializing fallen CIA officers.

Good morning from Berlin where Trump's uncompromising pledge to put “America first” & his aggressive rejection of globalism scare people.

Graham will vote for Tillerson:

1 hour ago
. is a "yes" on the Tillerson nomination. All eyes still on

This comes from Pompeo's post-hearing written answers to Qs. Note Pompeo has repeatedly stated these techniques are *currently* prohibited

Re: the Pompeo nom, this is what Dems are flagging as an answer they've got a problem with when it comes to waterboarding/torture:

Lawsuit will be filed-remains to be seen if it has legs. Payments to corporate entities not same as payment to D.T.

This is being described as a reception of sorts, but Trump's Hill agenda to be discussed

Senate Commerce Committee announces Tuesday panel vote on Wilbur Ross (Commerce)/Elaine Chao (Transportation) cabinet nominations.

McConnell predicts Senate will confirm Trump's entire Cabinet

White House readout of Pres. Trump's call with Israeli PM

Trump Administration will take hard tack against China , looking at potential Cabinet members statements....

Donald Trump indicates he plans to seek a second term !

Pres. Trump says Jan. 31 meeting w/ Mexican Pres. will focus on NAFTA

The U.S. Attorney’s Office said that felony rioting is punishable by up to 10 years in prison and a fine of up to $250,000.

Trump Administration will take hard tack against China , looking at potential Cabinet members statements....

Boris Johnson excited by prospects of a US-UK trade deal...

No announcement today of US Embassy moving to Jerusalem ..... and very early in discussion phase.

Trump will attend GOP retreat in Philadelphia Thursday, Priebus said on Fox News Sunday. House/Senate Rs gathering for 2-day planning mtg.

JUST IN: Conway: Trump administration will "rethink" relationship with the press

There are no longer any rules of engagement in political warfare

Report: Trump thought Spicer went too far at yesterday’s press conference

Priebus on media: "We are going to fight back tooth and nail every day"

1 hour ago
Priebus dismisses former CIA boss Brennan as 'bitter'

McCain and Schumer: Don't end Russian sanctions without Congress

Trump Administration now just admitting the president won't release his taxes & dropping the flimsy audit excuse.

First reaction from the president on the crowds of hundreds of thousands of women who marched yesterday.

These Muslim teens just went to their first women's march. They could have led it.

Women's march protesters leave their signs at Trump's DC hotel

SCOOP Trump already in talks on post-Brexit trade deal. Aides think boosted May's EU hard line via

UK's Theresa May is "coming over to our country very shortly," Trump said at CIA. (She hopes to fly out to DC Thursday, says.)

Huge applause & cheers when Trump is introduced as coming to CIA HQ on his first full day in office-so different than media focus on Brennan

Trump's makes "clear the air" stop at CIA today...

Europe In Focus.....


Greece’s supreme court will decide on Monday fate of eight Turkish military officers who fled their country after last year’s attempted coup

Greece Must not be Presented with Forever Greater Demands, Moscovici Notes

FinMin Tsakalotos: Greece has Ruled Out Legislating Measures for 2019 at this Time

Gov’t divided over how to plug gaps in the civil service

As Tsakalotos seeks to restart review, PM must keep lid on SYRIZA dissent

Technical glitch causes power cuts in northern Greece


1 hour ago
The end of globalization? Davos disagrees

The disintegration of Europe was a source of angst at Davos

Most-read stories from Davos 2017 – Trump, Shakira, Jack Ma and more

Good morning from Davos. What did I learn at ? For 1st time there is absolutely no consensus among elite what will happen. Scares me!


German FM warns of 'turbulent times' post Trump

German far-right party hosts 'European counter-summit'

'Europe will wake up in 2017', Le Pen says in Germany


Le Pen said EU is dead but it does not know this yet, stating that the bloc has failed in economically, socially as well as security-wise.

EN DIRECT - : "Je souhaite bonne chance à et l'assure de mon soutien" 📺
Translated from French by 
LIVE - : "I wish good luck to and assure him of my support" 📺

The french socialist seem to know what they need. Will that be sufficient?

Looks like Hamon and Valls on to the second round in French Socialist Primary.

Looks like pretty low turnout in French Socialist party presidential primary

France Left Primary: low turnout shows socialists have become marginalized NEWS >> #…

France's Socialists vote on Sunday in the first round of a presidential primary - candidates include former prime minister Manuel Valls.

French Socialists battle for relevance in Socialist primary

France launches inquiry into toothpaste cancer risk


African asylum seekers join avalanche relief effort

No signs of life on fourth day of Italian avalanche rescue

Pope warns against populism and 'saviours' like Hitler

23 now feared dead at Italian hotel hit by avalanche

Odds & Ends.....


NCHRL stands in solidarity with all Libyans-especially in the South , where people live under a complete breakdown of all basic services.

CBL deposits 4.8 BN LYD into the PC/ GNA account for Q1 - 2017 "Budget" aka Temporary Financial Arrangement.

Updates as to water and power shortages ( and repair status ) - as well as political and security related items.

Ageilah Saleh and Abdullah al-Thinni discuss situation in southern

Interim Government condemns attempt to blow up Italian embassy in Tripoli

Power returns to south Libya after 15 days of outage

Not a promising development....

PC deputy Miateg lashes out at General Haftar- after unity gov Foriegn Min tells to drop contact with him

Second airstrike from Misrata Air Force / LDAF in two days against an armed group probably belonging to IS in the valleys near Bani Walid.

car explosion near the Ministry of Planning in . No casualties reported

Members of the Tawergha elders council visit their city for the first time in 5 years.

UN envoy did attend. But there’s also an effort now by some nations to shunt him & find an alternative forum.


1 hour ago
Agreement reached to stop Ahrar Sham Jund al-Aqsa (JFS) infighting inc. releasing prisoners + withdraw from captured areas + form committee

| Renew clashes between Ahrar al-Sham and Jund al-Aqsa in Ehsim and Ablin

At my count, the U.S. has conducted 37 drone/airstrikes vs. non- targets in since September 2014. 34 of 37 were vs. Nusra/JFS.

: One U.S. strike (in November 2014) targeted a joint operations room, and killed 2 Ahrar al-Sham members.

: One U.S. strike (in August 2015) struck a Jaish al-Sunnah arms depot in an agricultural out-building near Atmeh.

: One U.S. strike (in January 2017) targeted a JFS-run training camp, killing 60-100 fighters, including 3 Nour al-Din al-Zinki members.

US will not send delegation to Syria peace talks in Kazakhstan, citing demands of transition, State Dept. says:

Syria talks set to begin in Astana as ceasefire holds

1 hour ago
JFS commander Abo Mus'ab al-Jazrawi has been killed by a drone strike in Aqrabat, Idlib countryside

Al-Qaeda "rebel" (JFS) commander Abu Anees Al Jaza'iri was assassinated by an air strike in Idlib, Syria.

SAA take control of cemetery hill near pullman station which overlooks Junayd area south of DeirEzzor city

In addition to Syrian Government & Opposition, Russia,Iran,Turkey have sent delegations, Kurds (KNC) + Turkmen (STM) will also participate

US says it will not send envoy to participate in Astana however their ambassador to Kazakhstan will attend the conference as an observer

Astana conference on Syria is scheduled to begin tomorrow as all participant delegations arrive in Kazakhstan


After liberating al-Malayin neighbourhood all that is left for the Iraqi Army to clear is al-Rashidiyah in eastern Mosul

Iraq announces sale of $1 billion in US-backed bonds

1 hour ago
| The militant, nicknamed “Abu Abdulrahman”, who was responsible for executions of females was killed by unknown attackers in

| An improvised explosive device explosion, north of , either killed or wounded five persons

Latest Mosul Weekly Protection Update 14-20 January

IRAQ - A street vendor lays out his vegetable produce near the University of Mosul after its liberation from the IS. By

will begin exporting natural gas to this week — Oil minister

Trump: “We should have kept the oil [in Iraq], but, OK, maybe we’ll have another chance”

In Mosul battle, Iraq forces face fewer IS-planted bombs

Maybe 20 Americans will notice Trump said this, but everyone in Iraq and the mideast in general will