John Koutivas

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Get ready for 25 years of inflation

Japan went to negative rates, so there is lots of talk about how low negative rates around the world can go.<p>And since everyone is trying to competitively devalue, it is a race to the bottom in interest rates.<p>But it could get even weirder…<p><b>Inflation Is Back</b><p>The Fed is dumb but not unintelligent, if …

OPEC chief to meet Iran, Iraq oil ministers for production talks in Tehran

Qatar’s energy minister and current OPEC President Mohammed al-Sada is heading to Tehran Wednesday to discuss a plan to cap crude production with …

Oil

Is It Time To Panic About Deutsche Bank?

Back in April 2013, we showed for the first time something few were aware of, namely that "At $72.8 Trillion, The Bank With The Biggest Derivative …

Deutsche Bank

IEA: Don't buy oil

The price of the world's most important commodity has crashed more than 70% since the summer of 2014, with oil trading at its lowest levels in a decade.<p>Volatility has been a huge issue this year, with prices rising and falling by as much as 8% on a seemingly daily basis.<p>The big issue affecting the …

Why Are US Companies Leaving China? | China Uncensored

Oman lost $14b in revenue due to low oil prices in 2015

<b>MUSCAT:</b> Oman lost $14 billion worth of revenues in 2015 compared to a year earlier due to low oil prices, official statistics show.<p>The government …

This is how economic empires collapse

This is a tough assignment, as there are as many kinds of collapse as there are systems: fragile ones can collapse suddenly, and resilient ones can decay for years or even decades before finally imploding or withering away.<p>Another way of describing collapse is: complex systems become much less …

Will Europe and the United States Gang Up on China?

In 2014, the German Marshall Fund of the United States, a Washington, D.C.-based think tank, asked Europeans how they wanted to manage their …

A new global oil deal could draw lessons from 1998 | Reuters

LONDON (Reuters) - After a year of secret diplomacy and hushed-up private talks around the world, OPEC’s mighty Saudi Arabia and rival Venezuela were persuaded to cut a deal by non-OPEC Mexico which overcame mutual acrimony and led to a much-needed rise in oil prices.<p>A worker checks the valve of an …

The Real Reason For Oil's Crazy Volatility This Week

<b>The volatility in crude oil trading has reached the highest levels since Lehman's systemic crisis in 2008.</b> Intraday swings of 5-10% are now de rigeur …

China to allow banks to directly invest in high-growth tech firms -sources | Reuters

* Pilot scheme planned this year - official, bankers<p>* Current law bars commercial banks from direct investment in non-banks<p>* Move to allow smaller lenders to tap into tech boom<p>* More domestic competition for private equity players eyed<p>By Shu Zhang and Matthew Miller<p>BEIJING, Feb 1 (Reuters) - China …

Fundraising

Russia's 'ideal' situation in Syria is closer than ever to becoming a reality

The council will apparently continue to deliberate in the coming days and weeks over whether it will attend at all — a development that is in line with Russia's strategy for winning the war on behalf of the regime.<p>"The bickering over the opposition delegation for Geneva III is the ideal opposition …

Iran nuclear deal: Five effects of lifting sanctions

<b>Economic sanctions on Iran have been lifted after it agreed to roll back the scope of its nuclear activities. What does this mean for Iran and the rest of the world?</b><p>A major crisis has been resolved, for the time being<p>Iran says the crisis was unnecessary, insisting it never wanted a nuclear bomb. …

Falling oil prices: How are countries being affected?

<b>Oil prices have fallen to their lowest level since 2003, sinking below $28 a barrel before recovering slightly on Monday.</b><p>Analysts say the drop has been driven by oversupply, coupled with a fall in demand because of a slowdown in economic growth in China and Europe.<p>There are fears that the lifting …

UN Security Council removes Iranian bank from sanction list

UN Security Council removes Iranian bank from sanction list<p>Yukiya Amano, head of the International Atomic Energy Agency (IAEA), speaks at a press …

World Bank rival launched in Beijing

The Chinese President Xi Jinping launched a new international development bank on Saturday in Beijing that is being seen as a rival to the US-led World Bank.<p>US opposition has failed to deter its allies from signing up to the Asian Infrastructure Investment Bank, including Australia, Britain, …

Taiwan builds gigantic Cinderella-inspired glass slipper to lure women to “church”

No, it’s not the fabled lost slipper of a giantess Cinderella—this enormous glass high-heeled shoe is actually an unusual “church” in Taiwan. Local …

TRUMP: I was joking when I said the Chinese 'created' the concept of climate change

During the debate, Sanders said he couldn't imagine electing a president who believed that climate change is "a hoax invented by the Chinese." Sanders specifically cited Trump to make his point.<p>That was an apparent reference to a 2012 tweet by Trump, in which the real-estate mogul wrote, "The …

Oil price crash: rout reaches $27 as Opec warns US shale will be forced to relent

Cartel says persistent low prices will finally begin to bite for rival producers, as cost for some barrels of US crude turn negative<p>Oil slumped to below $28 a barrel in early morning trading on Monday - its lowest level since September 2003 - as traders digested news of Iran's return to the world's …

Russia launches airstrikes in northern Syria, senior military official says

Russian warplanes began bombarding Syrian opposition targets in the war-torn nation's north Wednesday, following a terse meeting at which a Russian general asked Pentagon officials to clear out of Syrian air space and was rebuffed, Fox News has learned.<p>A U.S. official said Russian airstrikes …

UNGA 2015: Xi Jinping promises 8000 troops to UN, $100 million to African Union

China will contribute 8,000 troops for a United Nations peacekeeping standby force, China's President Xi Jinping told the United Nations General …

Shell abandons Arctic drilling after poor test results

Royal Dutch Shell Plc (RDSA) is to stop drilling for oil off the Alaskan coast “for the foreseeable future” and take a financial hit, after initial …

US stocks open broadly lower following a slump in Europe

NEW YORK (AP) — U.S. stocks are opening broadly lower following sharp declines in Europe.<p>Health care and materials companies fell the most in early …

'It's classic Putin': Russia's big move in the Middle East goes beyond Syria

The announcement came amid reports that Russian, Syrian, and Iranian military advisers had begun building a coordination cell in Baghdad in an effort to bolster the Iranian-backed Shia militias fighting the Islamic State in northern Iraq.<p>As Russia builds up its military presence in Syria, its …

Poland summons Russian ambassador after he blames Warsaw for Second World War

Warsaw is to summon ambassador to Poland after he said the country was partially to blame because it did not allow Soviet troops to transit its territory in the run up to war<p>Russia’s ambassador to Poland has said Warsaw bears partial responsibility for the Second World War in the latest diplomatic …

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Commodity Prices Predicted to Decline

How Dropping Prices Will Affect Consumers and Investors<p>The near-term future for commodities looks grim and the recently released "<b>Commodity Markets Outlook, July 2015"</b> from the World Bank reinforces this point. The second quarter of 2015 saw most commodities drop by 2% in overall non-energy …

China manufacturing contracts at fastest pace in more than 6 years | Financial Times

China’s crucial manufacturing sector is having its worst month since the depths of the global financial crisis in early 2009, according to a …

Stock Markets

Millions to be thrown into poverty as World Bank shifts threshold

The World Bank is to raise its global poverty measure by 50pc to about $1.90 per day<p>Millions of people across the world will be classed as living below the poverty line when the World Bank makes the largest revision to its global measure in a quarter of a century.<p>The UN has said that 836m people …