What's Driving Rates?
Submitted by Lance Roberts via RealInvestmentAdvice.com,
Rates Are Rising Because Of China, Not Inflation
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Asia
WTI Tumbles To $51 Handle After OPEC Warns Glut May Continue Longer Than Expected
On the heels of last night's big crude build, OPEC's overnight report stating that supply cuts won’t re-balance the market until the second half of 2017 has sparked further losses in oil prices, almost erasing the entire OPEC/NOPEC/Saudi cut ramp.
As Bloomberg reports, OPEC said its agreement to cut production, while speeding up the re-balancing of the global oil market, won’t result in demand exceeding supply until the second half of next year.
NOVEMBER: Chinese Gold Demand Up 40 % Despite Import Curbs
Submitted by Koos Jansen, BullionStar.com.
From "Fake News" To "Fake Intelligence"
Submitted by Wayne Madsen via Strategic-Culture.org,
Global Stocks Jump, Dow Set For 16th Post-Election Record High After UniCredit Restructuring; Fed Looms
Yesterday's brief hiccup in what has been an otherwise relentless rally in global risk assets is all but forgotten this morning, as European and Asian stocks, and US equity futures, all rise in quiet trading ahead of tomorrow's FOMC meeting, with the Dow set to make a 16th consecutive post-election all time high.