Catharsis Ours: Economic News , Data & Views ( April 17 , 2016 ) Overview - Top Items For Sunday ( 1. Doha Oil Producers Meeting In Focus - While Awaiting Continuation Of The Doha Meeting Amid Talk Of Changes to Draft Accord Language Regarding Iran - Consider Current Near Production Levels For Russia And Opec ( With Iran Also Ramping Back Up As Well.) Also Note These Talks Occur With Oil Prices Still Low And Fiscal Pressures In Gulf Countries Very , Very High. 2. IMF Spring Meetings - Greece In Focus , World Growth Slowing As Austerity Seems A Dead Letter In Spring Economic Fashion Season ( Except For Greece Naturally. ) 3. Brazil Impeachment News & Views. 4. Greece Creditor Talks - Set To Possible Take Months , Conditional Austerity Measures Trial Balloon Floated ( 3BN Euros Of Conditional Measures On Top Of 5 BN Austerity Measures - 8.1 BN Euros Total For Austerity Measures Potentially For Greece. 5. Odds & Ends - Ecuador 7.8 Mag Quake Updates , Libya News Of The Day , Syria Peace Talks Updates , Spain Political Tidbits.)

Doha Talks & Current Oil Production Levels ......

#DohaTalks fail; no surprise to me. I am staying with my forecast of  #crudeoil prices falling to $10 to $20/barrel. Down 6% already today

‏@SoberLook

Chart: WTI crude oil futures in response to Doha -

‏@Stalingrad_Poor

Crude -7%. Thanks for playing.

‏@JavierBlas2

#BREAKING: $WTI down $2.5 a barrel to $37.84 in NY trading after #DohaTalks collapse http://www.bloomberg.com/news/articles/2016-04-17/oil-freeze-talks-end-in-failure-amid-saudi-demands-over-iran … #oil

‏@fredwalton216

Elevator drop for Brent tonight ....

Javier Blas @JavierBlas2

In London, #Brent crude #oil plunges as much as 7% to $40.10 after #DohaTalks collapse  http://www.bloomberg.com/news/articles/2016-04-17/oil-s-grand-bargain-falls-victim-to-saudi-arabia-s-iran-fixation … 

‏@Schuldensuehner

Yen jumps after Doha oil accord on output limits failed & Japan won little sympathy from G20 for interventions.

‏@fredwalton216

Until Iran is willing to freeze it's production , why call these fruitless meetings ?

Georgi Kantchev @georgikantchev

*OPEC and Non-OPEC producers unlikely to take action on output levels - or meet - for months: Senior Gulf oil official @WSJ

‏@fredwalton216

Never should  have called the Meeting...

RT @RT_com

'We need more time to consult' - Qatar emergy minister https://www.rt.com/on-air/opec-holds-news-conference/ … #OilFreeze #oil #OPEC 

‏@fredwalton216

Not a shocker , as Iran didn't even attend these Talks. ..

zerohedge @zerohedge

No Deal: Doha Talks End Without Agreement http://www.zerohedge.com/news/2016-04-17/no-deal-doha-talks-end-without-agreement-reuters-reports … 

From earlier today.....

‏@JavierBlas2

LATEST #DohaTalks:
#Oil Freeze Talks Delayed to Address #SaudiArabia - #Iran Differences http://bloom.bg/1Wx3qIp 

‏@JavierBlas2

LATEST from #DohaTalks:
Doha #Oil Freeze Talks Delayed Amid Changes to Draft Accord http://bloom.bg/1Wx3qIp  #Iran

‏@zerohedge

NEW DOHA OIL-PACT DRAFT SAYS ALL OPEC MEMBERS SHOULD JOIN: RTRS

‏@zerohedge

And there it is: OIL PRODUCERS SAID TO PLAN NEXT FREEZE MEETING IN RUSSIA OCT.20

‏@JavierBlas2

#DohaTalks: 

If #oil countries struggle to freeze at nearly record production levels, imagine talks about output cuts #SaudiArabia #Iran

19 retweets12 likes

‏@JavierBlas2

LATEST #DohaTalks
Doha #Oil-Freeze Talks Delayed Due to #SaudiArabia vs #Iran Differences http://bloom.bg/1Wx3qIp

‏@JavierBlas2

And of course, away from #DohaTalks is #oil anti-freeze #Iran 
(note data is up to March, April likely to be higher)

‏@JavierBlas2

and #OPEC oil production is at its highest ever 
#OPEC #SaudiArabia #Iran #Iraq #Kuwait #Venezuela #DohaTalks

‏@JavierBlas2

CHARTS #DohaTalks 
#Russia #oil production is at a post-Soviet Union record high 
#OPEC #SaudiArabia #Iran

‏@RT_com

Thousands of Kuwait oil workers go on strike against pay cuts http://on.rt.com/7aap 

‏@JavierBlas2

LATEST from #DohaTalks:
- UAE finance minister tells IMF Gulf countries "facing unprecedented fiscal pressures" #oil

IMF Spring Meetings - World Growth , Greece ......

‏@GerdaRytina

IMF countries vow to boost slowing world growth | "It urged countries to boost public spending and avoid deflation." http://www.bbc.co.uk/news/business-36066252 …

‏@AlArabiya_Eng

#IMF members urge ‘growth-friendly’ spending, new lending tools http://ara.tv/ng6en 

‏@keeptalkingGR

#Greece Schaeuble wants the IMF, the IMF wants Debt Relief, Tsipras doesn’t want more austerity measures http://www.keeptalkinggreece.com/2016/04/17/schaeuble-wants-the-imf-the-imf-wants-debt-relief-tsipras-doesnt-want-more-austerity-measures/#.VxNndxhiDco.twitter …

‏@lorente1980_EC

Schauble on Greece, via FT. Pues eso... 

‏@MXafa

IMF: Greece exempts 55% of households from income tax vs 2% in Portugal, 5% in Ireland, and 8% in the Eurozone.
http://www.imf.org/external/np/tr/2016/tr041516.htm …

‏@russian_market

French FinMin Sapin: Any departure of IMF from supporting Greece would have political fallout in Europe

- By Europe he means French banks.

‏@EU_Commission

Latest from #TeamJunckerEU at IMF / World Bank Spring meetings in Washington http://europa.eu/!Qm68Nc  #IMFMeetings

‏@nickkounis

#IMF's THOMSEN: #GREECE TO HAVE DOUBLE-DIGIT UNEMPLOYMENT FOR DECADES

‏@SpiegelPeter

"These discussions have barely started," says #IMF's Poul Thomsen on debt relief negotiations for #Greece.

‏@SpiegelPeter

"The numbers are truly extraordinary," says #IMF's Poul Thomsen of those who are exempted from paying taxes in #Greece.

Brazil - Impeachment Updates ......

As a reminder - here is the process for Impeachment ....

‏@AFP

The impeachment process in Brazil as President #Dilma Rousseff faces key vote late Sunday @AFPgraphics

‏@fredwalton216

Opposition gets vote 342-Rouseff impeachment will go forward. Congress Lower House cheers as if Brazil beat Germany 7-1 in the World Cup.....

AFP news agency @AFP

#BREAKING Brazil lawmakers authorise Rousseff impeachment to go ahead

‏@TechlawyerBr

In a few minutes, Brazil's House of Representatives will officially approve president Dilma's impeachment. The proceeding now moves to the…

‏@BNONews

BREAKING: Brazil's ruling Workers' Party concedes defeat in Rousseff impeachment vote in lower house, party caucus leader says - Reuters

‏@IraqiSecurity

#Brazil's #ImpeachmentDay:

•Yes: 327.
•No, abstained or absent: 125.
•15 votes needed to impeach Rousseff.

Haidar Sumeri @IraqiSecurity

#Brazil's President Rousseff is 27 votes away from impeachment. 315 yes, 112 no. 342 yeses needed to impeach her. 

‏@ggreenwald

400 votes cast in Brazil's impeachment: Yes: 298 - No: 98 - Abstentions: 4 (342 - 2/3 of total - needed to send to Senate: getting close).

‏@MilenaRodban

If they limited their impassioned statements, this would be over already... #Brazil #impeachment

‏@BNONews

Brazil impeachment vote continues with now 300 votes cast: 224 in favor (342 needed), 72 against, 4 abstained; 213 votes left

‏@Jemelec1210

Brazil vote 201 yes and 51 nay... #impeachment

‏@BenTavener

#Brazil lower house #impeachment vote: After 200 deputies — 155 for, 42 against, 3 abstentions. 342 required to pass

‏@ggreenwald

Dep César Messias (PSB): "If we impeach Dilma, we get Temer.  If we impeach Temer, we get Cunha. After that, Renan. So I vote no."

‏@livesquawk

Brazil's Impeachment Tally After 100 Votes: 73 For, 27 Against

‏@willcarless

Current vote tall in #Brazil impeachment:
YES (impeach): 68
NO: 24
Abstentions: 3

‏@pzf

BREAKING NEWS: Impeachment vote begins in #Brazil. Early votes side with impeaching Rousseff

‏@ggreenwald

Seems all 500 members of Brazil's lower house will vote 1-by-1, giving little mini-speeches each time (approx 320 face corruption charges)

‏@maggie_tri

‏@YanniKouts

Highly dramatic moments for #Brazil as vote underway for Rousseff's impeachment.
So far:
49 for impeachment
16 against

2/3 majority needed.

Chaotic scenes in Brazil as Dilma Rousseff impeachment session kicks off - ABC https://apple.news/A4FjxQCB8SNu6x59D_uMquA …

‏@WSJ

Dilma Rousseff’s fate sparks protests on both sides in Brazil http://on.wsj.com/1WzwAqp 

‏@AFP

Rousseff impeachment session starts in high tension http://u.afp.com/Z2dg 

‏@Aivoarm

Debate Turns Vitriolic in Brazil as Impeachment Vote Nears http://twib.in/l/pzqXyLgxrgA  via @aivoarm #news

‏@Brazil_travel_

Brazil Gears Up for Crucial Vote on Whether to Impeach Dilma Rousseff - Wall Street Journal http://ow.ly/8Ju13c 

‏@ggreenwald

This has been, and continues to be, the central fact of Brazil's impeachment battle http://www.theglobeandmail.com/news/world/brazils-lower-house-begins-debate-on-rousseff-impeachment/article29642515/ …

‏@markets

Brazil impeachment drive goes down to the wire as Rousseff hits back http://www.bloomberg.com/news/articles/2016-04-17/brazil-impeachment-drive-goes-down-to-wire-as-rousseff-hits-back … via @raymondcolitt

‏@BTabrum

Brazil vote 6pm London. Yes I know nobody else cares. 

Paulo Sa Elias @psael

@BTabrum 2pm Local time.

‏@AJENews

Watch: Brazil debates future of President #Rousseff ahead of impeachment vote http://aje.io/kcyv 

‏@FRANCE24

Brazil Congress votes on Rousseff impeachment http://f24.my/1S2okgw 

Greece.....

‏@fredwalton216

Good work by Katerina Soku , Lagarde sticks to official IMF position on Greece ....

Thanasis Koukakis @nasoskook

What @Lagarde replied το @KaterinaSokou for the Greek program and her meeting with @tsakalotos 

‏@fredwalton216

Tsakalotos threatens to resign over if creditors (IMF)  insist on reducing the tax-free threshold below 9,091 euros.

MineForNothing @minefornothing

Greek Finance Minister threatens to resign 
http://www.ekathimerini.com/208004/article/ekathimerini/news/bailout-talks-to-resume-but-swift-conclusion-not-expected …

‏@ekathimerini

Bailout talks to resume but swift conclusion not expected http://dlvr.it/L4dmbM 

‏@nstamouli

#Greek govt confirms @WSJ that creditors weigh extra conditional measures to break deadlock, says it would accept it depending on total[1/2]

‏@nstamouli

Austerity package on the table and if it is followed by #debt relief #Greece [2/2]

‏@YanniKouts

#Greece govt offcls confirm @Handelsblatt & @WSJ story on add'l €3bn 'buffer' measures, say they cld be considered if bundled w debt relief.

‏@dwnews

German Finance Minister urges #Greece to 'do more' http://dw.com/p/1IX9w 

‏@WSJ

Greece’s creditors are weighing conditional austerity measures to solve bailout deadlock  http://on.wsj.com/22CHtY4 

‏@GreekAnalyst

Austerity on top of austerity with a cherry top of further austerity. #Greece http://www.wsj.com/articles/greeces-creditors-weigh-extra-conditional-austerity-measures-to-break-deadlock-1460829527 …

‏@damomac

Relocations from Greece by 11 April. By taking 12 today, @Pontifex and Vatican have done more than 21 EU countries.

‏@business

There's a growing risk of Greece debt talks taking months - and it has a big payment looming http://bloom.bg/1SeTGPX 

Odds & Ends.....

Ecuador Hit By 7.8 Mag Quake

‏@NBCNews

Ecuador earthquake death toll climbs to 238 http://nbcnews.to/1TdimbG 

‏@L0gg0l

Car 'swallowed' by road following 7.8  earthquake in Ecuador  (via @BiessEcuador ) #TerremotoEcuador

Libya.....

‏@wheelertweets

#France's Hollande: UN-appointed Sarraj is the only gov't in #Libya

Then #Egypt's Sisi: We support Hafter & the LNA

Ahram Online @ahramonline

PHOTO GALLERY: Egypt's Sisi receives French President Hollande in Cairo
http://english.ahram.org.eg/NewsContentMulti/199825/Multimedia.aspx … 

‏@reportingLibya

#Libya BREAKING: UN Libya has envoy has moved to Tripoli.

UNSMIL @UNSMILibya

Marin Kobler: today is not a visit, I am working from Tripoli now. UN is back in #Tripoli, w'll work here everyday for z benefit of Libyans

‏@NadiaR_LY

Agenda for HoR session Tmrw
1- Voting on GNA & Constitutional Amendment
2- Rejecting sanctions on Agela Saleh
#Libya

Syria Peace Talks Faltering & Battlefield Updates....

‏@TheArabSource

Bloody urban warfare continues inside #Aleppo city - Map update 
http://bit.ly/1WamBr4 

‏@Layalarahal

#Geneva @SyrianHNC_en "We might suspend (our participation in) the talks if things carry on this way," HNC member Abdulhakim Bashar told AFP

‏@DailySabah

Syrian opposition says will not negotiate 'forever' if Assad attacks continue http://sabahdai.ly/EIkmWY 

‏@GebeilyM

#SYRIA: HNC threatened today to suspend participation in Geneva talks unless it sees progress on Assad role, transition, humanitarian issues

12 retweets

‏@GebeilyM

#SYRIA: File under "wasn't breaking last time, isn't this time either" -
Baath party + electoral allies win 200 out of 250 parliament seats

Spain...

‏@thespainreport

Says he wants Spanish state to hand over all tax collection duties to Catalonia: "then we would be responsible".

The Spain Report @thespainreport

Catalan First Minister Puigdemont says in TV interview that Catalonia "is not going to make any more [budget] cuts".

‏@thespainreport

Says he wants Spanish state to hand over all tax collection duties to Catalonia: "then we would be responsible".

The Spain Report @thespainreport

Catalan First Minister Puigdemont says in TV interview that Catalonia "is not going to make any more [budget] cuts".

Catharsis Ours

Sunday, April 17, 2016

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