Wolf Richter
www.testosteronepit.com www.amazon.com/author/wolfrichter
Much digital ink has been spilled about the oil and gas boom in the US, the result of ever improving fracking technologies, and whether or not it will lead to energy independence, or even turn the US into an oil exporter. Now a “confidential” report by the German version of the CIA, the Bundesnachrichtendienst (BND), seeped to the surface. It sketched out the boom’s geopolitical consequences. Biggest loser? China.
BND reports [...]
Two days ago we reported that the German Court of Auditors demanded that the German Central Bank, the Bundesbank, verify and audit its official gold holdings consisting of 3,396 tons, held mostly offshore, namely New York, London and Paris, at least according to official documents. It also called for repatriation of 150 tons in the next three years to perform a quality inspection of the tungsten gold. Today, in a [...]
A day after killing Trayvon Martin, George Zimmerman passed a police lie detector test when asked if he confronted the teenager and whether he feared for his life “when you shot the guy,” according to documents released today by Florida prosecutors.
According to a “confidential report” prepared by the Sanford Police Department, Zimmerman willingly submitted to a computer voice stress analyzer (CVSA) “truth verification” on February 27. Investigators concluded that he “has told substantially [...]
Syria remains the top destination for Iranian arms shipments in violation of a U.N. Security Council ban on weapons exports by the Islamic Republic, according to a confidential report on Iransanctions-busting seen by Reuters on Wednesday.
Iran, like Russia, is one of Syria’s few allies as it presses ahead with a 14-month old assault on opposition forces determined to oust Syrian President Bashar al-Assad.
News of the panel’s report came as Tehran and the [...]
Smoke-free dreams: New Zealand may look to hike the price of a packet of cigarettes to NZ$100 (£50) in its attempts to eradicate the habit by 2025
If George Osborne’s recent 37p hike on cigarettes had you gasping for air, then don’t move to New Zealand.
Ministry of Health officials there are looking at the possibility of raising the price of a packet to NZ$100 – around £50 – in their bid [...]
MEXICO CITY — In September 2005, a senior Wal-Mart lawyer received an alarming e-mail from a former executive at the company’s largest foreign subsidiary, Wal-Mart de Mexico. In the e-mail and follow-up conversations, the former executive described how Wal-Mart de Mexico had orchestrated a campaign of bribery to win market dominance. In its rush to build stores, he said, the company had paid bribes to obtain permits in virtually every corner of [...]
FINANCIAL NEWSTuesday, 28 February 2012 – 11:16
Die Welt: Greece judged unlikely to get bank loans
Large banks won’t lend money to Greece anytime soon, given the losses they’ve incurred, Die Welt said, citing a confidential report by the Institute of International Finance that it obtained.
According to Bloomberg, the financial industry may also be less willing to lend to Portugal, Ireland, and Spain in the coming months, given that these countries are [...]
By Barbara Kollmeyer
MADRID (MarketWatch) — European finance ministers meeting on Tuesday evening were told Italy is at risk of insolvency, with a potential devastating impact on the euro and big economies of Germany and Spain, according to a confidential report obtained by the Guardian newspaper. The report from the European Commission and the European Central Bank said Italian Prime Minister Mario Monti would need [...]
American casino mogul Steve Wynn said Tuesday that his US-based gaming firm has become a “Chinese company” as it held its first annual meeting in Macau, now the world’s biggest gaming hub.
Wynn Resorts Ltd. was splitting its headquarters between Las Vegas and Macau, the billionaire executive said, with the company’s revenue increasingly tied to soaring growth in the former Portuguese colony.
Macau posted $23.5 billion in gaming revenues last [...]
From Reuter:
The United Nations nuclear watchdog has received new information regarding allegations of possible military aspects to Iran’s disputed nuclear program, the agency said in a report.
The confidential report, obtained by Reuters on Friday, listed several areas of questions the International Atomic Energy Agency (IAEA) has about Iran’s atomic activities and called on Tehran to cooperate with its investigation.
It said the Vienna-based U.N. [...]
http://www.nytimes.com/2010/07/22/us/22transocean.html?_r=1&hp
If true, this leak of a confidential report will not be good for BP, just when they started turning the corner.
This plus the jobs numbers coming in much weaker than expected may just end up bringing this market back to earth today. If U.S. existing home sales come in weak, then we will end up in the red and any morning pop will be a good short opportunity.
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