Israel’s Response Loud and Clear

DAILY BASKET – NEWS COMMENTARY

Israel’s Response Loud and Clear

MARSAL COMMENTS: In response to the recent Arab Summit meeting in Jordan, Israel went ahead and approved the building of a new settlement in Palestinian territory. This was the very next day after the end of the Arab meeting! Continue reading “Israel’s Response Loud and Clear”

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Turkey Credit Rating Lowered

DAILY BASKET – NEWS COMMENTARY

Turkey Credit Rating Lowered

MARSAL COMMENTS: Moody’s credit rating agency has downgraded Turkey’s credit rating rank to “Negative. Fitch Agency also rates it at that level. The Turkish Lira has reacted by dropping a little. Continue reading “Turkey Credit Rating Lowered”

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US Markets Seem Undecided

DAILY BASKET – NEWS COMMENTARY

US Markets Seem Undecided

MARSAL COMMENTS: After the Fed’s interest 0.25% rate raise, US markets seemed to continue with their upward move. However, they reflected some indecision. S&P 500 closed the week up, but it did fall the last couple Continue reading “US Markets Seem Undecided”

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US BEGINS TO PRESSURE PALESTINIANS

DAILY BASKET – NEWS COMMENTARY

US BEGINS TO PRESSURE PALESTINIANS

MARSAL COMMENTS: President Trump just phoned Palestinian President Mahmoud Abbas. The message was to negotiate directly with the Israelis and find a solution. The US will help, but will not impose its view on any party. And as a gesture of goodwill, the Israelis have stopped their planned approved new settlements building. Continue reading “US BEGINS TO PRESSURE PALESTINIANS”

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IS A US RECESSION LIKELY?

DAILY BASKET – NEWS COMMENTARY

IS A US RECESSION LIKELY?

MARSAL COMMENTS: The February US Treasury statement indicated a growing budget deficit. The 12 month running revenue was less 1.1% compared to one year ago, while spending increased 3.8%! (A record since 2008). Continue reading “IS A US RECESSION LIKELY?”

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US COMMERCIAL REAL ESTATE BUBBLE BEGINNING TO BURST?

DAILY BASKET – NEWS COMMENTARY

US COMMERCIAL REAL ESTATE BUBBLE BEGINNING TO BURST?

MARSAL COMMENTS: US Commercial real estate, especially Malls and REITs, are seriously threatened, as US retails are either filing for Chapter 11 or tightening their belts to the last notch. Continue reading “US COMMERCIAL REAL ESTATE BUBBLE BEGINNING TO BURST?”

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HAVE OIL PRICES TURNED DOWN?

DAILY BASKET – NEWS COMMENTARY

HAVE OIL PRICES TURNED DOWN?

MARSAL COMMENTS: Last week was horrible for oil. Prices fell approx. 8% with WTI breaking below US$ 50 and Brent below US$ 53. Speculators seem to have become pessimistic and liquidated their long positions. Will they now turn bearish and short oil? Continue reading “HAVE OIL PRICES TURNED DOWN?”

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UAE Increases Oil Production Cut Above Its Quota

DAILY BASKET – NEWS COMMENTARY

UAE Increases Oil Production Cut Above Its Quota

MARSAL COMMENTS: UAE will cut oil production between 200,000 and 280,000 barrels per day in March and April. This is above its OPEC Continue reading “UAE Increases Oil Production Cut Above Its Quota”

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CHINA TO ADJUST ITS ECONOMY

DAILY BASKET – NEWS COMMENTARY

CHINA TO ADJUST ITS ECONOMY

MARSAL COMMENTS: China monetary policy will become tighter. Higher interest and less lending is expected, especially for the over-leveraged businesses such as steel, coal, non-ferrous metals and construction materials. The objectives are to gradually deflate the bubbles that have Continue reading “CHINA TO ADJUST ITS ECONOMY”

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