Global Markets...
Always interesting Doug Noland Essay compares current market conditions with 1999....good wrap for news and weekly data , as well.
Saudi Arabia is not ruling out the option of limiting the initial sale of Aramco shares only on the Riyadh stock exchange.
Bond bubble begins to inflate again. Value of global bonds rose $566bn this week following a miss in US CPI & dovish reports on #ECB QE.
#China credit bubble continues to inflate. Loan growth exceeds estimates despite regulatory curbs. https://www.bloomberg.com/news/articles/2017-10-14/china-credit-growth-exceeds-estimates-despite-regulatory-curbs …
Fink and Dimon have been banging drum hard against crypto-currencies. Keep an eye on what key regulators do.
JP Morgan Boss Can’t Stop Talking About Bitcoin — Calls Investors “Stupid” http://ift.tt/2ynFkKO #Bitcoin
#CT_index provided by The Cointelegraph:
#BTC - https://goo.gl/rKYnNQ
#ETH - https://goo.gl/eTdQze
#BCH - https://goo.gl/AxYLhD
Hurricane Orphelia..
Orphelia now a Cat 3 Hurricane !
Hurricane #Ophelia Advisory 22: Ophelia Becomes a Rare Category 3 Hurricane South of The Azores. http://go.usa.gov/W3H
Hurricane Orphelia on track for Ireland on Monday....
View Meteosat at https://weather.us/satellite/204-w-396-n/top-alert-15min/20171014-1230z.html … of Hurricane #Ophelia now with satellite intensity estimates exceeding 100 knots (major!)
T 5.5-5.8
The #UK braces for powerful winds and downpours from #Ophelia early next week: http://ow.ly/UlXp30fS7a9
MAXIMUM SUSTAINED WINDS...100 MPH...155 KM/H
PRESENT MOVEMENT...ENE OR 60 DEGREES AT 24 MPH...39 KM/H
MINIMUM CENTRAL PRESSURE...971 MB
Iraq/Kurdistan....
Situation continues to escalate in #Kirkuk as Iraqi forces collect to the south of the city.
See my quick-skim info-graphic on "splitting the difference" on Iraqi/Kurdish control of the sensitive Kirkuk Regional Air Base (KRAB).
Iraq also wants to re-enter K1 base, where there might be opportunities for a joint HQ, and similar reassurance measures as with KRAB.
Iraq also seeks re-entry to the Bai Hassan, Avana & Khabbaz oilfields, and again, there are confidence-building options in these areas also.
Keep your eyes on this ....
Turkey & Turkey businessmen have a lot of money at risk if the pipeline is shutdown , so for now it will remain open.
Fwiw , various statements are being made regarding Kirkuk , so what you read with grains of salt.
What happens the next time Iraqi forces ( PMU & Federal Police ) demand Peshmerga withdraw from their positions ?
PUK spox: No decision made by party to enter into talks with Baghdad unilaterally
#KurdistanBlockade
http://www.rudaw.net/english/kurdistan/141020173 …
#Peshmerga, civilians alike defending #Kirkuk from #Iraqi and #Shiite troops
#KurdistanBlockade
http://www.rudaw.net/english/kurdistan/141020172 …
"We have never and will in no way leave our positions," said #Omer #Salih, a high-ranking #Peshmerga official in #Kirkuk
#KurdistanBlockade
Confirmed: Peshmerga
did flee many areas around Kirkuk, checkpoints, bases, roads, villages were all emptied out in just hours
did flee many areas around Kirkuk, checkpoints, bases, roads, villages were all emptied out in just hours
Good morning! Though fighting between Iraqi and Kurdish forces broke out last night, KRG oil continues to ship out today from Turkey. #OOTT
Syria.....
SDF military source told AFP - buses/trucks waiting outside Raqqa. Surrendered fighters to go further east in Deir Ezzor province.
Various accounts report Al Mayadin has been taken from ISIS.
ISIS controlled sections of Raqqa getting smaller !
Jafra Oil Field and Jafra CPF under Syrian Democratic Forces control
Map: http://SyrianCivilWarMap.com
US Politics....
Puerto Rico....
"El director ejecutivo [de AEE] tiene mi plena confianza para seguir ejecutando [su trabajo]" dice Gob Rosselló @cbenespanol
Dir de AEE dice q 86% de los empleos q ha perdido la autoridad en los últimos años son "operaciones", (ej celadores de línea) @cbenespanol
Rosselló dice que nuevo sistema de red eléctrica cambiaría ubicación principal de generación de energía al norte de la isla @cbenespanol
Dir de AEE dice q unidades de gas de Palo Seco están energizando planta de San Juan pero areas de Palo Seco están clausuradas @cbenespanol
Rosselló indica que primer desembolso de FEMA fue principalmente para combustible. Partida de $128 irá a brigadas y materiales @cbenespanol
De la Campa indica q FEMA ha dado $97 millones a la AEE y que se está procesando otro adelanto de $128 millones @cbenespanol
Power Authority dir can't say how many clients have electric service b/ they have problems matching info w/ their data bank @CaribBusiness
Dir de la AEE indica que llega 145 toneladas de materiales por día para arreglar el servicio eléctrico @cbenespanol
Corps of Engineer rep says 400 generators are on the way but some will be use to replace previously installed generators @CaribBusiness
Rosselló indica que servicio eléctrico a zona montañosa probablemente será difícil darle "servicio estable" para diciembre @cbenespanol
Gob Rosselló indica que le solicitó a FEMA el desembolso para tener efectivo ($) para invertir en restablecer la red eléctrica @cbenespanol
Actualmente hay 294 brigadas de energía eléctrica. Se espera que en la próxima 3 semanas suban a 966 brigadas @cbenespanol
Rosselló indica que meta del mes es q el servicio eléctrico esté a 30% y que a mediados de diciembre esté a 95% @cbenespanol
Rep del Cuerpo de Ingenieros dice que hay 400 generadores en camino pero algunos son para remplazar generadores q se afectaron @cbenespanol
Dir. de AEE dice q Area Metro está aislada y los otros puntos en la isla energqzados, por 4 plantas, no han sufrido apagones @cbenespanol
Gobierno comienza presentación sobre status dei sistema eléctrico en especial central de Palo Seco @cbenespanol
Gov't gives presentation about the status of the electric system specially the Palo Seco Central @CaribBusiness
Gov @ricardorossello assured the press that the water from the aqueduct system is clean and safe for consumption @CaribBusiness
Swampland....
Not a good look !
"UNESCO withdrawal harms American national security" http://hill.cm/jDwG0cM
Nikki Haley was Trump’s Iran whisperer http://politi.co/2giQMRE
Iranian president to Trump: We will not bend down before a dictator http://hill.cm/4my2bwJ
"I’m generally skeptical of the ability to fix it. I hope I’m wrong" http://politi.co/2idKvYg
Ex-Obama defense chief: Trump is "anxious to blow up agreements" but has no strategy after doing so http://hill.cm/90lr72N
Mnuchin contradicts Trump: Repeal of estate tax will "disproportionately help rich people" http://hill.cm/gNd02QK
Trump’s frustration with Congress reaches a breaking point http://politi.co/2iaoDgg
Republicans worry they'll be blamed for ObamaCsre problems after Trump ended subsidies http://hill.cm/s3GKdcX
Very proud of my Executive Order which will allow greatly expanded access and far lower costs for HealthCare. Millions of people benefit!
Health Insurance stocks, which have gone through the roof during the ObamaCare years, plunged yesterday after I ended their Dems windfall!
Sens. Corker & Cotton to introduce legislation that dovetails with Trump's move to decertify the Iran nuclear deal http://politi.co/2gCULWc
Las Vegas....
The Mandalay Bay security guard who survived after being shot before Stephen Paddock suddenly disappears prior to scheduled presser.
Libya....
LNA sets up new Rada force for central military zone - https://www.libyaherald.com/2017/10/14/lna-sets-up-new-rada-force-for-central-military-zone/ …
Illegal migrants from Morocco being held in Tripoli begin hunger strike. #Libya
http://alwasat.ly/ar/news/libya/155796/ …
Pres. Council allocates 1 million dinars to solve water issues in Gharyan. #Libya
http://alwasat.ly/ar/news/libya/155742/ …
United Nations provides urgent assistance to families affected by clashes in Sabratha. #Libya
http://alwasat.ly/ar/news/libya/155747/ …
Alwasat Libya @alwasatengnews
Source: Production at Shararah oilfield at 220,000 barrels per day. #Libya
http://alwasat.ly/ar/news/libya/155751/ …
Italian Embassy: #Italy has sent urgent humanitarian aid to manage the migratory flows in Sabratha & Zuwara. #Libya
http://alwasat.ly/ar/news/libya/155790/ …
UN envoy Salamé meets with representatives of #Libya's minority groups from the Tebu, Tuareg and Amazigh people
http://alwasat.ly/ar/news/libya/155791/ …
Odds & Ends....
North Korea..
More North Korean threats today, warning the US not to start their military drills.
Ballistic missiles mounted on launchers being transported out of hangars near Pyongyang and in the North Pyongan Province.
North Korea 'preparing to launch another ballistic missile' in retaliation over US naval drill
#NorthKorea comments on the coming American military drill in the Japan sea, branding it a ''reckless act of war maniacs"-Oct 14, 2017(KCNA)
Kim Jong Un's time in September was split between emphasizing resolve abroad, and party loyalty at home https://buff.ly/2yfj4kt
Former defector 60-year-old Ju Ok Soon returns to DPRK and appears in video released by state media https://buff.ly/2gBqkj0
New Zealand company Pacific Aerospace pleads guilty to North Korean sanctions breach https://buff.ly/2ykGzdE
North Korean atlas shows Crimea as part of Russia https://buff.ly/2wSnFrw
UAE joins countries in reducing diplomatic ties and issuing visa restrictions for North Koreans https://buff.ly/2ye4DQj
China says September trade with N. Korea down nearly 40 percent #DPRK #NorthKorea
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