Special Tribute - Al Jarreau retires from touring....
Look To The Rainbow.....
Markets.....
Europe.....
Better Than Anything....
Greece....
France......
Germany....
Italy.....
US Politics.....
You don't See Me....
Odds & Ends....
Take Five....
Venezuela....
North Korea.....
Syria.....
Libya....
Catch- All
Look To The Rainbow.....
Markets.....
Credit Bubble Bulletin: Weekly Commentary: Bubbles, Money and the VIX http://creditbubblebulletin.blogspot.com/2017/02/weekly-commentary-bubbles-money-and-vix.html?spref=tw …
Good morning from Berlin. Global stocks have gained $500bn in mkt cap this week after Trump promises 'phenomenal' tax cut in next few weeks.
Global bonds have lost $15bn in value this week on Trump reflation trade BUT rally in Bunds has prevented heavier losses as Euro crisis back
Friday Evening Links
[Bloomberg] Stocks Rise to Records as Oil Gains, Bonds Slip: Markets Wrap
[Bloomberg] Trump Vows ‘Level Playing Field’ for U.S., Japan, China Currency
[Bloomberg] Greek Bailout Talks Set to Drag Past February Amid Standoff
[Bloomberg] Canada’s AAA Rating Is on Thin Ice
[WSJ] Vanguard Reaches $4 Trillion for First Time
[Reuters] Trump to Iran's Rouhani: Better be careful
[WSJ] Daniel Tarullo, Federal Reserve Regulatory Point Man, to Resign
[Bloomberg] Trump Vows ‘Level Playing Field’ for U.S., Japan, China Currency
[Bloomberg] Greek Bailout Talks Set to Drag Past February Amid Standoff
[Bloomberg] Canada’s AAA Rating Is on Thin Ice
[WSJ] Vanguard Reaches $4 Trillion for First Time
[Reuters] Trump to Iran's Rouhani: Better be careful
[WSJ] Daniel Tarullo, Federal Reserve Regulatory Point Man, to Resign
Friday's News Links
[Bloomberg] Bonds Slump as Dollar Boosted by Trump Tax Pledge: Markets Wrap
[Bloomberg] Dollar Gains as Yen on the Defensive Before Trump-Abe Meeting
[Reuters] Fitch: The Trump Administration Poses Risks to Global Sovereigns
[Reuters] Euro zone, IMF agree on a common stance on Greece: official
[Bloomberg] China Exports Surge Ahead of Potential Challenge From Trump
[Bloomberg] China Faces Liquidity Test as $151 Billion Set to Exit System
[Bloomberg] Why China's Banks Are Feeling Squeezed
[Bloomberg] China Bitcoin Exchanges Halt Withdrawals After PBOC Talks
[Bloomberg] Le Pen May Get a Shock If She Tries to Pay French Debt in Francs
[WSJ] Vanguard Pulls In More Money Than Rivals Combined
[Reuters] Trump backs "One China" policy in call with China's Xi
[CNBC] As Trump hustles to nail down a tax overhaul, he faces the biggest federal debt surge since Truman
[SCMP] China ‘beefing up military’ on disputed islands in the South China Sea, says US think tank
[Bloomberg] Dollar Gains as Yen on the Defensive Before Trump-Abe Meeting
[Reuters] Fitch: The Trump Administration Poses Risks to Global Sovereigns
[Reuters] Euro zone, IMF agree on a common stance on Greece: official
[Bloomberg] China Exports Surge Ahead of Potential Challenge From Trump
[Bloomberg] China Faces Liquidity Test as $151 Billion Set to Exit System
[Bloomberg] Why China's Banks Are Feeling Squeezed
[Bloomberg] China Bitcoin Exchanges Halt Withdrawals After PBOC Talks
[Bloomberg] Le Pen May Get a Shock If She Tries to Pay French Debt in Francs
[WSJ] Vanguard Pulls In More Money Than Rivals Combined
[Reuters] Trump backs "One China" policy in call with China's Xi
[CNBC] As Trump hustles to nail down a tax overhaul, he faces the biggest federal debt surge since Truman
[SCMP] China ‘beefing up military’ on disputed islands in the South China Sea, says US think tank
Europe.....
Better Than Anything....
Greece....
Tsipras - "We expect as soon as possible that the IMF revise its forecast so that discussions can continue at the technical level."
If a) happens, then b) won't. If b) happens, then a) won't. Both can't happen at the same time. #Greece
Here we go again.
Gist of Tsipras' speech: says review will close, wants to cave + is pressured on time, slams IMF/Schaeuble, eyes Schulz's rise in Germany
There are numerous SYRIZA MPs who don't (yet) seem willing to vote any new harsh measures. Doubt this speech changed anything for them.
Lenders make proposal to Athens but no immediate breakthrough expected https://shar.es/19u4Xb #Greece #politics
Greek Farmers Say Friday’s Meeting Not Positive; Will Continue With Protests http://dlvr.it/NLV8wS #Greece
Mega TV Channel May Go ‘Off the Air’ Due to Debts to Signal Provider Digea, Workers Warn http://dlvr.it/NLTc3N #Greece
France......
French jihadist Kassim targeted in Mosul strike: Pentagon http://dlvr.it/NLjmfH
Renault boasts record year despite diesel probe http://dlvr.it/NLhmw4
'French first': This is what a 'President Marine Le Pen' has in mind for France http://dlvr.it/NLNpv2
Germany....
German largely bans #fracking with new laws
http://dw.com/p/2XO51?maca=en-tco-dw …
Deutsche Börse boss faces new insider trading questions http://dlvr.it/NLhGQd
Germany’s Merkel announces plans to speed up deportations - It must be an election year in Germany. Chancellor ...
Police launch dawn terror raid based on fake Facebook profile http://dlvr.it/NLL08r
Italy.....
Italy sets up fast-track asylum courts for migrants http://dlvr.it/NLkRv0
Italy's olive oil production is set to fall by 50% this season due to hot weather hitting the harvest, contributing to rising global prices.
GDP growth, 2016
Spain: 3.2%
Turkey: 3%
Poland: 2.6%
Netherlands 2%
UK: 2%
Germany 1.8%
France: 1.2%
Italy: 0.8%
Greece: 0.4%
Russia: -0.5%
US Politics.....
You don't See Me....
A working dinner tonight with Prime Minister Abe of Japan, and his representatives, at the Winter White House (Mar-a-Lago). Very good talks!
Melania and I are hosting Japanese Prime Minister Shinzo Abe and Mrs. Abe at Mar-a-Lago in Palm Beach, Fla. They are a wonderful couple!
I am reading that the great border WALL will cost more than the government originally thought, but I have not gotten involved in the.....
...design or negotiations yet. When I do, just like with the F-35 FighterJet or the Air Force One Program, price will come WAY DOWN!
Our legal system is broken! "77% of refugees allowed into U.S. since travel reprieve hail from seven suspect countries." (WT) SO DANGEROUS!
Heading to Joint Base Andrews on #MarineOne with Prime Minister Shinzō earlier today.
Melania Trump and Akie Abe are touring the Morikami gardens this morning while their husbands play golf.
Federal Election Commissioner demands Trump show proof of voter fraud claims
http://hill.cm/gwsvdo5
Senior admin official confirms @VP and Flynn spoke privately twice yesterday, once in person in the morning and by phone in the evening.
Sanders: "Very, very troubling" if Flynn talked sanctions with Russia http://hill.cm/d4tjmYM
The CIA denied key security clearance for a top aide to Flynn: report
http://hill.cm/t7xi8DG
Robin Townley refused top-secret clearance on Friday. The move was reportedly approved by President Trump's CIA director Mike Pompeo.
Pence was told Flynn didn’t discuss sanctions, aides say
Sens. Blumenthal &Shaheen wrote Secretary of Defense Jim Mattis & CIA Director Mike Pompeo requesting a review of Flynn’s security clearance
Diplomats: Haley greenlighted U.N.’s Hiring of Fayyad Before She Blocked It https://foreignpolicy.com/2017/02/11/diplomats-nikki-haley-greenlighted-u-n-s-hiring-of-salam-fayyad-before-she-blocked-it/ …
ICE immigration raids sweeping up criminals, plus those who “lack documentation”
U.S. investigators corroborate some aspects of the Russia dossier
Trump considering “brand new” executive order after court setback
Michael Flynn’s debacle
Trump says he doesn't know about reports Flynn talked about sanctions with Russia http://hill.cm/lHMLCvu
Trump U.K. Visit Delayed to Avoid Snub in Parliament - so will he visit Japan first?
TRUMP SCHED SATURDAY:
-golfing with Japan's Shinzō Abe
-calls w presidents of Tunisia, Colombia
-delegation dinner with Abe at Mar-a-Lago.
FOR THE RECORD: in last few weeks I spoke to some in admin regarding communications or spox positions, NO formal interviews.
@seanspicer is great @PressSec would be honored to work for him in any role offered
Putin’s “gift” to Trump: The return of Edward Snowden? - I think Juan Zarate’s exactly right. This is a poisone...
Odds & Ends....
Take Five....
Venezuela....
Venezuela owes China & Russia 750 million USD. Both countries have given Venezuela at least US $55 billion in credit. Something has to give.
Maduro Packs State Oil Company with Inexperienced Cronies http://bit.ly/2kdroKG
Venezuelan Oil Ships Stranded at Sea because #PDVSA Can’t Pay Port Fees http://bit.ly/2jYY0ry
North Korea.....
North Korea on Sunday launched a missile in the direction of Japan, South Korean and Pentagon officials have said. The projectile landed into the sea before reaching Japan’s economic zone.
#DEVELOPING SEOUL, South Korea @AP South Korea's military says North Korea fired a projectile into its eastern sea
Now North Korea firing off a ballistic missile....testing time for the Trump....
Syria.....
Iran has again allowed Russian planes to use its airspace during recent operations in Syria
http://www.reuters.com/article/us-mideast-crisis-russia-iran-idUSKBN15Q0CR?fe …
#BREAKING Syria rebels, govt invited to talks in Astana February 15: Kazakhstan
Libya....
Something to keep an eye on......
Clashes in Tripoli between Tajouri’s forces and LNG allies - https://www.libyaherald.com/2017/02/11/clashes-in-tripoli-between-tajouris-forces-and-lng-allies/ …
Washington alarmed at new military formation in Tripoli - https://www.libyaherald.com/2017/02/11/washington-alarmed-at-new-military-formation-in-tripoli/ …
US has blocked UNUSG Feltman's pick for new UN envoy to #Libya. Public reason: #Israel/#Palestine. More to it: Obama/Fayyad, Clinton/Feltman
FYI Clinton aide Feltman moved to key UN post over UN envoys. In Clinton emails, Feltman said Hillary would like new UN #Libya envoy "a lot"
Appears that some Libyans consider Fayyad controversial as #Libya SRSG bc of his alleged ties to UAE & Dahlan
#Libya-Meanwhile, LAF conducts today 3rd airstrikes round in 3 days targeting #SDB in Jufrah, allegedly preempting offensive in Oil Crescent
Armed clashes erupted since early morning in Wadi Rabih and Ain Zara districts in Tripoli between Misratans militias and others from Tripoli
Response of @UN regarding Salam Fayyad proposal as head of @UNSMILibya following statement released by @nikkihaley https://www.un.org/sg/en/content/sg/note-correspondents/2017-02-11/note-correspondents-salam-fayyad …
UN and US no longer in sync on (disastrous) policies in #Libya: US on Friday blocked Fayyad as Kobler's replacement http://abcnews.go.com/US/wireStory/us-blocks-palestinian-leading-mission-libya-45417244 …
Defend Benghazi Brigades release video showing the downing of Dignity Operation’s mi-35 attack helicopter on Friday. Two pilots were killed
Call for all 2 refrain from escalation that may inflame situation in Tripoli. I reiterate my support to LPA & institutions emanating from it
UN leaders call for improvements to migrants' conditions in Libya - https://www.libyaherald.com/2017/02/10/un-leaders-call-for-improvements-to-migrants-conditions-in-libya/ …
More private aid arrives in Sirte for returning residents - https://www.libyaherald.com/2017/02/10/more-private-aid-arrives-in-sirte-for-returning-residents/ …
Turkey looks to train and build unified Libyan army - https://www.libyaherald.com/2017/02/11/turkey-looks-to-train-and-build-unified-libyan-army/ …
Catch- All
A quarter of the world's GDP is undergoing big experiments w/ 40% of planet's people is affected. https://www.bloomberg.com/news/articles/2017-02-11/china-japan-and-india-are-experimenting-with-their-economies …
Phase one polling for Uttar Pradesh Spring Elections 2017 begins today! http://bit.ly/1OVtebk
#StatePolls 64% voter turnout in first phase of UP elections: EC http://toi.in/uZFqzb5
(India's state elections, South Korea's economic squeeze, Afghanistan's Red Cross attack, and more) - https://globenewspost.com/asia-unbound-indias-state-elections-south-koreas-economic-squeeze-afghanistans-red-cross-attack-and-more/ …
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