Market Euphoria Fizzles As USDJPY Resumes Slide; Crude Disappointed By Lack Of Production Cut

Market Euphoria Fizzles As USDJPY Resumes Slide; Crude Disappointed By Lack Of Production Cut

One day after markets saw a violent return of optimism, which sent stocks around the globe and US equity futures soaring (the US was closed for President's Day) driven by terrible Japanese and Chinese economic data which in turn hinted at more central bank easing, animal spirits have cooled off despite some truly unprecedented Chinese credit numbers.

A Letter From Trump’s America

The e-mail below just came in. I’m not going to use the reader’s name or geographical location, and have altered slightly a couple of lines, to protect the reader’s privacy:

I hardly know why I am writing to you except that I think you’re a good listener. You treat your readers very kindly. And on the internet to boot!

War is coming and Trump is one of the first indicators from our side.

Saudis, Russians Fail To Cut Oil Production, Agree To Freeze Record January Production; Iran Already Renegs

Saudis, Russians Fail To Cut Oil Production, Agree To Freeze Record January Production; Iran Already Renegs

Last night when previewing today's main event, the "secret" meeting between the Saudi and Russian oil ministers, we explicitly said this deal would not "lead to a cut in production", and sure enough just two hours ago the meeting between the two oil superpowers concluded and as expected the two failed to agree to any production cut; instead what they did agree on was to "freeze" production at January's already record levels, and furthermore make the agreement contingent on other OPEC members complying, something Iran has al

The Truth About The Origins Of ISIS

Since the beginning of the Syrian civil war in August 2011 to April 2013, Islamic State (ISIS) and Al-Nusra Front were a single organization that chose the banner of “Jabhat al Nusra.” Although, the current Al-Nusra Front is led by Abu Mohammad al Julani but he was appointed as the Emir of Al-Nusra Front by Abu Bakr al Baghdadi, the leader of Islamic State, in January 2012. The current Al-Nusra Front is only a splinter group of Islamic State which split away from its parent organization in April 2013 over a dispute between the leaders of two organizations.

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