It’s pretty good, and very clever, although the closing jab reeks of soviet mentality and philosophy. I’m talking through this issue today on CNBC Street Signs and here is the layout I’m following:
It comes as no surprise that performance results year-to-date from the Middle East and North Africa are mixed. While countries within the two regions are either involved in or affected by military and political conflicts, terrorist activities and volatile oil and natural resource markets there is room for optimism.
WTI crude oil prices continue to trade flat as investors wait to see if Spain will formally request a bailout and initiate a European Central Bank bond-buying program.
The US Federal Reserve released its much anticipated minutes Wednesday last week, with the upshot that if the economy did not improve then a third round of quantitative easing (QE3) was possible. In the recent past such news was enough to send U.S. stocks higher, but the S&P 500, Dow Jones Industrial Average, and tech-heavy NASDAQ all closed lower for the week. The Middle East was a different story.
Thursday’s best web covers a new Chiense joint technology venture, the disappearing Russian middle class, trade volumes between Indonesia and other ASEAN nations, and Banco Santander seeking a way into Dubai.
Although the Turkish government has implemented a number of far-reaching economic policies designed to ensure growth remains sustainable, it is becoming more and more obvious the country must resolve its conflict with the Kurdish people if the Turkish economy is to continue to grow throughout the 21st century.
Wednesday’s best web covers power outages in India, the steelmaking industry in China, the lack of bids to explore the South China Sea near the Philippines, the future of mobile money, and the effect of large, foreign oil companies supporting local governments.