Saturday, June 24, 2017

Economic News , Data & Views.....June 24 , 2017.....Quick Hits For Saturday -1) Global Market News : Credit Bulletin Bulletin & Weekly Missive " Washington Finance & Bubble Illusion" ; Global Equities Now Valued At 75.4 Trillion , Despite Some Disconcerting News Of The Week ; Greece Sovereign Credit Rating Lifted , But Still Deep In Junk Territory ; Italian Bank Drama As ECB Moves To Wind Down Vento Banks ; Additional Items Of Note. 2) Gulf Rift Updates - Different Points Of View And Fresh Updates On Developing Situation. 3) Europe In Focus - News Of The Morning Touching On Greece , UK & France ; Additional Items Of Note As They Develop Saturday. 4) US Politics - News For Saturday Morning To Consider. 5) Odds & Ends - Global Items To Ponder.




For those celebrating ( and understanding different countries have different timeframes ) - Eid Mubarak !






UPDATE: says they have declared to begin on Sunday after crescent sighted






The crescent has been sighted in , indicating Sunday as the first days of Eid al-Fitr






Eid al-Fitr holiday: How many days is it by country?






Global Market News....







Always informative ! Weekly missive " Washington Finance and Bubble Illusion " , with overview of the week that was.








Mad world! Global bonds have gained $161bn in value in a week when stocks hit fresh all-time high as goldilocks narrative prevailed.







BOOM! Investors shrugging off more bank defaults in EU & possible Fed mistake. Global equities now worth $75.4trn, highest value in history.






Time for some good news. raised to Caa2 from Caa3 by Moody’s, outlook to positive, citing stabilizing debt ratio.






2 Italian Banks to be declared effectively dead by ECB. But Italy govt won its battle to protect senior creditors













Good morning from Berlin! Eurozone's banking crisis is back w/ a vengeance. Italy to start wind-down of Veneto banks







Italy's plan to rescue two small Venetian banks makes a mockery of taxpayers & Europe's new regulations. My take







Friday, June 23, 2017




Gulf Rift....





UAE Says Parting Ways , Not Escalation , Will Be End Result If Qatar Doesn't Accept Quartet Demands....






Present tactics not working , expect Quartet to reboot blockade...







Rights groups and journalists raise concerns over suppression of press freedom as Gulf states list demands to Qatar







"The GCC's latest ultimatum to Qatar reflects regional fantasy, rather than reality." writes








Minister Gargash: We have the right to protect ourselves if does not change its policy







Minister Gargash: has an agenda that undermines the security of the States









1 hour ago
BREAKING: minister Gargash: We can no longer accept from what we have accepted in recent years







BREAKING: minister Gargash: seeks to promote an Iranian agenda









1 hour ago
BREAKING: minister Gargash: decided to leak the Gulf demands instead of discussing them








The "Illegal blockade has nothing to do w/ combatting terrorism, it is about limiting Qatar's sovereignty & outsourcing our foreign policy"









Iran shipping 1,000 tons of fruits and vegetables to Qatar daily , which will continue as long as requested.







Saudi-Led Arab Regimes Issue Qatar with 13 Demands to End Blockade









Europe.....




Greece....




Pressure on debtors is growing







As gov't grapples with trash impasse, some use private firms







A shorter tether







Turkish Hackers Claim They Took Down Greek PM’s Website







Trash continues to pile up on greek strikes due to ongoing municipal workers strike...








UK.....





Hackers attempt to penetrate UK parliament emails






Just in: UK Parliament’s computer system subject of a cyber-attack, Houses of Parliament tell British Press Association






UK parliament hit by cyber-attack. Members unable to access emails.






Arconic knowingly supplied flammable panels for use in London tower: emails































1 hour ago


























France....












Journalist with French TV dies of wounds from Mosul blast







Climate change more important than partisan politics: Schwarzenegger







French court jails jihadist recruits







US Politics....





Home from golf course and on Twitter before his evening activities.








Here’s why the U.S. needs to focus on right-wing, not Islamist, extremism





Gowdy: Oversight Committee won't investigate Trump's ties to Russia







Trump's Justice Department developing strategies to shut down ‘sanctuary cities’: report







NEW: Dems to leadership: Our voters don't care about Russia investigation






Trump calling senators as GOP scrambles to find 50 votes for ObamaCare repeal






Confirmed to me last night. Senate bill will require Americans to wait 6 months before getting insured if they miss a payment.







Democrats slam GOP healthcare proposal as Obamacare premiums & deductibles increase by over 100%. Remember keep your doctor, keep your plan?







The decline and fall of Obamacare and the AHCA







Top Republican: Senate GOP healthcare bill won't pass the House







Trump’s job promises crash into reality as auto industry lays off thousands:







GOP lawmaker calls for special counsel Mueller to recuse himself from Russia investigation






Sanders's wife hires 2 lawyers amid bank fraud investigation





Odds & Ends........






Terror never takes a day off , doesn't go on holiday. It's a daily concern globally.










Documents found detailed list of " Islamic police " members, all are local citizens 80% are from the Jabouri tribe.










Map of the Destroyed Monuments of Mosul









Map of the Destroyed Monuments of Mosul. Nothing Left.....










Syrian Democratic Forces captured Mustajid Naqib from and completely encircled City Map:









Russian officials destroyed electronics, documents after US seized diplomatic compounds: report







Government departments procrastinate on Cabinet directives, says National Anti-Corruption Commission —



Dignity Operation Commander Khalifa Haftar tells a tribal meeting that must be "liberated"







Saudi Arabia Foils terror attack , new Interior Minister tested soon after appointment..






Exit routes opened to allow civilians escape from West Mosul Old City...







Second North Korean soldier in a month defects to South







North Korea's Kim Jong Un fears "decapitation" by squad of U.S. Navy SEALs







1 hour ago
Erdogan says Turkey allows no state in northern Syria







Iran’s Missiles Used in Syria Anti-ISIS Strike Displayed at Tehran Quds Day Rally