Oil Thefts Surge In Mexico As Cartels Become Specialized

Submitted by Dex Dunford via OilPrice.com,

Already reeling from low prices, officials with Mexico’s state-run Pemex are also fighting an ever intensifying battle against pipeline theft as organized crime tries to gain a foothold in the country’s newly reformed energy sector.

From loosely organized groups of locals to feared drug cartels, those who believe there is a significant amount of illicit profit to be made here are coming out of the woodwork—and for starters they are eyeing pipelines.

Deutsche Bank Flip Flops, Now Begs For Central Bank Intervention And Ideally More QE

We were stunned 10 days ago when, out of the blue, it seemed as if Deutsche Bank had finally figured it out: namely that constant central bank intervention is leading to increasingly more dire outcomes... such as a surge in DB CDS and its stock price plunging to record lows.

The bank which had been crushed over the past month, released a solemn appeal to the ECB and BOJ, in which it made it quite clear that any additional easing and continuous easy money will only hurt both DB and its peer banks.

China Imported At Least 217 Tonnes Of Gold In December As London Dumped Precious Metals

China Imported At Least 217 Tonnes Of Gold In December As London Dumped Precious Metals

Submitted by Koos Jansen via BullionStar.com,

When there is no more gold left in London to export the gold price is likely to go higher on strong global demand induced by economic headwind. At the time of writing the spot gold price is $1,251.80 per ounce, up 18 % year to date, while the S&P 500 is down 9 % year to date. 

Robots Will Replace Half The Global Workforce By 2045

Robots are set to take over fifty percent of the global workforce by 2045. With the advances in artificial intelligence, robots will be able to outperform humans in any task within the next 30 years. Shocking new statistics were announced during the annual meeting of the American Association for the Advancement of Science (AAAS) in Washington on Sunday. RT reports: Jobs at the middle of the skills curve are most at risk, according to Rice University computer science professor Moshi Vardi.

The Smart Money Is Most Worried About These Four Brand New "Tail Risks"

The Smart Money Is Most Worried About These Four Brand New "Tail Risks"

When BofA's Michael Hartnett releases his monthly Fund Managers' Survey, the one chart we always head straight to is the one laying out what the "smart money", aka the polled investors who make up the survey, is most worried about, or as they put it: what are the biggest "tail risks."

The chart below shows that as recently as a month ago, what jept everyone at night by a substantial margin, with 45% putting it as their top fear, was a China Recession, followed by an EM debt crisis.

 

How things have changed in the subsequent month.

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