Category: Economy

Something I just saw in the charts made me sell all my stocks: Trader

Trouble in the charts sent one previous market bull running to sell all his stocks, as Todd Gordon of TradingAnalysis.com sees two key “warning [signs]” brewing that could take down the rally.”I flattened out all my positions on the 21st,”…

OFAC Designation of Putin’s Spy Agency May Trip Up U.S. Exports

The recent OFAC sanctions on Russia’s FSB né KGB, which is the Kremlin’s spy agency, may have unintended consequences. According to this article on the Russian website by my friend Иван Ткачёв (Ivan Tkachev) the FSB, besides doing typical spy things, is also…

Iran: financial risk assessment

Sovereign risk Currency risk Banking sector risk Political risk Economic structure risk Country risk October 2016 BB B CCC CCC B B Robert Powell (lead analyst); Pat Thaker (analyst). Published 14 October 2016, 2100 GMT. The ratings contained in this…

A temporary reprieve for OPEC

OPEC has agreed to reduce current production levels in the first such move since the 2008 global financial crisis. The deal marks a major reversal of the “free-for-all” market-share strategy that Saudi Arabia and other Gulf Arab states have adopted…

World risk: Global risk scenarios

Donald Trump’s win in the US presidential election on November 8th has, at a stroke, prompted a profound change in the geopolitical outlook. Mr Trump is a uniquely difficult figure for international leaders to respond to, for two reasons. First,…

Perspectives for Israeli Gas in Southern Gas Corridor Hampered by Economic Limitations

Jamestown: Israeli Ambassador to Azerbaijan, Dan Stav, announced, on November 6, that his country was “considering the possibility to transport its natural gas to Europe via the Trans Anatolian Natural Gas Pipeline [TANAP] through Turkey.” Earlier, on October 14, Turkish…

Central banks are reaching the limit

As the closing months of 2016 approach, it is clear that central banks are continuing to take the strain of keeping the global economy on the rails. Throughout the developed world interest rates are at (or close to) record lows,…

Global economic risk scenarios

The UK’s decision to leave the EU, taken at a referendum in June, will be harmful for the global economy. The response of financial markets to the decision showed that it took many investors by surprise. The S&P 500 dropped…

MPS fails EBA stress test, announces rescue plan For EU banking sector

Event On July 29th Monte dei Paschi di Siena (MPS; total assets of €164.4bn) failed the EU-wide stress test of the European Banking Authority (EBA). MPS’s board approved an emergency plan to sell €27.7bn in gross non-performing loans (NPLs), some to…

Turkey economy: Coup attempt and its aftermath accentuate economic risks

In the four days of trading since the failed military coup the Turkish lira has weakened significantly and share prices have tumbled.  The Central Bank of Turkey and the Treasury have been in the front line to reassure investors that the…