Russian geopolitics in the Mediterranean are wider than Syria. In our previous article, Syrian End Game, we discussed the reasons behind the recent Russian intervention in Syria. Essentially, the Russians need to protect their only naval base in the Mediterranean…
Anti-austerity forces in Portugal and Spain represent a threat to Germany and European unity. Yesterday, the leftist alliance defeated legislation in parliament that resulted in the end of Prime Minister Coelho after years increased taxes and spending cuts. On the…
News of Oil stored on ships (floating storage) puts more downward pressure on oil prices in the short-term. In addition, onshore oil storage are at all times highs, Chinese demand has fallen plus the Saudi decision to keep pumping oil…
The slowdown in China combined with a stronger dollar have reduced the price of copper to its lowest rate in 6 years. Prices for the metal have declined over 20% for the year. Miners have been paring back investments to…
The latest in the Greek saga has delayed the latest 2 Billion Euro aid tranche and has put a hold on the 10 Billion Euros earmarked for recapitalizing the banks. The disagreement is on what level of foreclosure protection to…
The bad news for oil keeps piling on. Oil has fallen for three out of the last four weeks and the number of oil rigs in the US according to Baker Hughes keep falling – 10th straight week. Is there…
Mixed signals keep on coming from the FED regarding a rate hike. More economists and market participants are now convinced of a December rate hike. Chances of a hike did go up thanks to the recent strong jobs report. However,…
The AK Party (AKP) won parliamentary majority in the elections yesterday. With 316 seats out of 550 seats, it means that they do not need to form a coalition government and will be able to carry on as before. The…
There are strong reasons to think so. The recent deal between Turkey and the EU is related towards finding a solution for Syria. The fight for Aleppo could result in a large wave of migrants (500,000 plus) flowing to Turkey…
Just as Turkey seemed to be sliding into escalating violence and chaos, an opportunity arose and President Erdogan agreed to 3 Billion Euro aid package with the EU. The impetus of the deal was the increasing migration mess in Europe…
Get the Free
Macro Newsletter!
Macro Insights
