16/03/2014

The Arab Spring comes to Algeria with Protests and 3 Deaths this Weekend

  by John Galt March 16, 2014 21:40 ET As all eyes are focused on Russia and the Ukraine, the MENA region (Middle East-North Africa) continues to boil with Libya making waves almost daily and now Algeria experiencing rare anti-government protests on Saturday and Sunday after the 77 year old incumbent, President Abdelaziz Bouteflika, decided to seek a fourth term. The pro-Boutefika protests in Algeria were obvious propaganda as their stated purpose was to “motivate” the youth to get out and vote for the current leadership. However across town the protests…


03.16-03.17 Overnight Markets: USD Yen Opens with Gap Down

  by John Galt March 16, 2014 16:43 ET From NetDania.com:   Granted, ti’s not a huge gap but if this is just a hint as to what is happening due to the Crimean vote, panic will be the order of the day in all futures and equity markets. I’ll post further updates as needed considering the interesting box the West has painted itself into after over a half century of incomplete interventionism and empire building which appears to be backfiring in our face this very moment. I will follow this…


Meanwhile in Obama’s Libya Success Story: Force Majeure declared at Rebel held Oil Terminal, PM Flees Country

  by John Galt March 16, 2014 15:18 ET If I were a Ukrainian, I would defer from asking Obama from any help with their “Russian” problem. Why? Well, while Crimea votes to rejoin Russia today, the success story which was hailed by Obama and the European Union sheep in NATO as a resounding success has a few more problems to deal with now that they are not even being covered by the American media. From Asharq Al-Awsat today: Libya oil standoff continues after tanker escape <excerpted> Cairo, Asharq Al-Awsat—The Libyan…


03.16 Crimea Election Thread

by John Galt March 16, 2014 12:45 ET On this thread I will post blog entries, Twitter feeds that are from relevant sources, and international news stories about the election in Crimea, including Russian and Ukrainian news sources. Around 21:00 GMT/UTC (that’s 5 pm ET) I will start a financial news thread to track the reaction to today’s events in Russia and Ukraine plus what has happened with the threat of sanctions and reactions to them in the markets. (all Russian and Ukrainian native language stories translated via GoogleTranslate) From Interfax.ru:…


03.16 BREAKING NEWS: SKY News Reports Ukrainian Trains with Military Equipment Stopped by Russian Forces

  by John Galt March 16, 2014 09:45 ET The news out of the Ukraine continues to be both dire and reminiscent of the news flow from Danzig and Eastern Prussia in September of 1939. From SkyNews in the UK, this tweet was just issued at approximately 09:36 a.m. ET: This is a follow up to the news flow from yesterday where the Russian Interfax News Agency reported the following: Putin doubled down this morning with the following statement just issued minutes ago, also per Interfax: 03/16 17:28   PUTIN CONCERNED…


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