KTFA, Max Keiser, SRU and more Tuesday Afternoon 11-5-19
KTFA:
Samson: With the participation of Iraq .. Launch of the Second China International Import Fair
10:09 - 05/11/2019
Opened in the Chinese city of Shanghai on Tuesday, the second business China International Fair with the participation of the import of Iraq. Chinese President Xi Jinping said his country would also "further facilitate foreign investment access to the market and reduce the negative list."
Chinese President Xi Jinping said in a speech at the opening of the fair that China will adopt five measures to promote openness at a higher level, namely to further expand market openness, further improve the opening-up framework, improve the business environment, deepen bilateral and multilateral cooperation and jointly build the belt and road.
"It is believed that China, which is expected to have brighter economic development prospects, will provide other countries with more opportunities in terms of market, investment and growth." LINK
Samson: Brent crude settled today at $ 62.12 a barrel
5th November, 2019
Oil prices held steady on Tuesday as investors kept their sights on US inventory data due later on Tuesday, two days after gains in crude on positive economic data and hopes for a trade deal between Washington and Beijing
By 0739 GMT, Brent crude futures were down a cent to $ 62.12 a barrel, after rising 0.7 percent in the previous session
US crude futures fell 9 cents to $ 56.45 a barrel. The contracts gained 0.6 percent on Monday
US crude oil inventories are expected to have risen last week, while inventories of oil products are likely to have fallen, according to a preliminary Reuters poll on Monday
Oil was supported by hopes of a trade deal between the United States and China, the world's two biggest oil consumers, which could boost demand
Oil investors are closely following the initial public offering of state oil firm Saudi Aramco, which is expected to be the world's largest listing
On the supply side, Russia cut its oil production to 11.23 million bpd last month from 11.25 million bpd in September, but again missed its pledge under a deal to curb production
The Organization of the Petroleum Exporting Countries (OPEC), Russia and other producers, under the group known as OPEC +, have been implementing since January a deal to cut oil production by 1.2 million barrels per day LINK
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Samson: The arrest of Baghdadi's sister
2019/11/5 16:16
The sister of former Islamic State terrorist leader Abu Bakr al-Baghdadi has been arrested in northern Syria, Turkish officials said. Officials said Rasmiya Awad, 65, was arrested in a security operation on Monday in an area near the village of Azaz in Aleppo province. Turkish security officials were quoted by media as saying the security operation could reveal valuable intelligence about ISIS.
Baghdadi was killed during a raid by US special forces on his hiding place in northwestern Syria last month. His death was seen as a victory for US President Donald Trump, but ISIS is still seen as a security threat in Syria and elsewhere. A Turkish official told Reuters news agency: "We hope to get a lot of intelligence from Baghdadi's sister about the course of action inside IS."
Fakhruddin Alton, director of communications at the Turkish presidency, said the arrest of Baghdadi's sister was "another example of the success" of Turkish operations in the fight against terrorism. Little is known about Baghdadi's sister. Baghdadi has many brothers and sisters, and it is not known whether they are still alive, according to the New York Times.
According to Turkish officials, Baghdadi's sister has been arrested in Aleppo province, which has been under Turkish army control since his forces invaded Syrian border areas with Turkey last month. LINK
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TNT:
JCNoble: Hopefully the CBI and GOI will release the economic reforms and new currency so that the people of Iraq can finally get on with their lives.
Harambe: Reuters: At least 13 killed as Iraq resumes live gunfire against protesters https://reut.rs/2NlXMep
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Keiser Report: Cash-Burn Machines (E1458)
Nov 5, 2019
Max and Stacy discuss the ‘cash-burn machines’ of the ‘everything bubble’, as Wolf Richter calls them. These bonfires of cash have been gobbling up hundreds of billions of dollars in investor capital looking for greater fools to come along and throw some of their capital into money-losing enterprises like the so-called ‘tech unicorns’ and loss-generating fracking operations. Max continues his conversation with David Morgan of the Morgan Report about de-dollarization, the importance of clearing global trade through the NY Fed, and whether or not gold miners are finally back in a bull market.
Financial Collapse - REPO and MBS Future Disaster In The Making?
It's been over a month since the 10% Repo rate spike. The 'first signal' that something was/is not right with the most important liquidity market that ensures we don't get a credit crunch. Unfortunately the conditions that ignited this are still apparent. The FED is pretending that we don't have QE4 - well, we do. The FED balance sheet is expanding again BUT more worryingly in the short end of the yield curve and that 'smacks' of damage control. I think it's a question of watching the junk bond market, the Repo market especially for expanding Repo limits. One of my concerns going forward is the toxicity of MBS's now in the market - we are seeing/have been seeing demand for up to $30bn funding daily and yet funding each quarter was no higher than $20bn in 2008/9. Hmmmm!!
Economic Collapse News - Morgan Stanley & Goldman, Revenue & Corporate Cash Drop, Record Debt to GDP
Silver Report Uncut: Nov 5, 2019
First we begin from a warning about the stock market from Andrew Sheets at Morgan Stanley. and highlight some issues with a record corporate debt to GDP, the Huge Drop in cash at US corporations which has fallen 15%. The potential for failing companies and bond downgrades grows by the day.
The we get into a recent note to Investors from Goldman sacs they also focus on corporate debt and the fact that most of the companies in the S&P show deteriorating earnings and revenues.