Africa

Authored by James Durso via OilPrice.com,

It’s the 101st anniversary of the Sykes–Picot Agreement and, in light of the non-stop Syrian Civil War, it’s time to ask, “How’s that working out for you?”

Despite expectations (among 19 'economists') that growth would be up 1.0% in Q1, South African GDP tumbled 0.7% (the second drop in a row) pushing the nation back into recession after eight years.

The median of 19 economists’ estimates in a Bloomberg survey was for 1 percent expansion. There was only one forecast for a contraction. This was a four standard deviation miss...

Indicating contraction for the second quarter in a row - technically signaling a recession -  as all bar two industries shrank.

Via GEFIRA,

A change in demographic trends takes 50 year before they become plainly visible. The decline in fertility in the sixties started to become visible after 50 years. Cerberus, our population simulator, shows with scientific precision that the replacement of the European society has started, and within 50 years it will be visible and irreversible.

Autohred by Jim Rickards via The Daily Reckoning,

China is not only one of the world’s largest debtors, it is one of the world’s largest creditors.

Today's stunning expulsion of Qatar from the Saudi "circle of friends" prompted some analysts to ask if in Qatar's immediate futures is a departure from OPEC.