Purpose. Bunker buster bombs, im not sure how that contributes to that. An arms race, thats hard to measure. Im not sure the provision of military hardware contributes to the arms race. There are tons of scholarship about that, we will not get into that. If, with your permission it is only fair that i respond very briefly to these assertions that nasser made earlier that i quite respect. T is just useful to provide a counter argument to it. It is important for the debate here and over there as well. I think the central theme of what he is saying is that iran is misunderstood and if only be better understood it, it would be primarily defensive posture in the region things could be so much better. Fair enough we have a lot of misperceptions about that country. Some are failing. It is quite a notoriously opaque system over there. It is becoming increasingly easier to read through the long negotiations between the United States and iran. We know much better about iran today but there is st
With slashing oil estimates. Copper drops to lowest since 2009. Trying to find an equilibrium. The Dollar Strength has china trying to read normalize. I will try you this is the most oversold since 1986. The relative strength index is 12. It is the lowest since 1986. Overdone and oversold. Lets have a look at the equity markets. They are set to open lower will stop copper and oil is lower. For the lower Commodity Prices, it has yet to be seen. The yen is rising and copper is falling. Volatility. Protecting yourself on equity markets so far this year. We have only had two days where it moved and that is protecting yourself. That was january 5 and january 13. You are seeing not january 13. January 7. You have copper under pressure and oil under pressure. You have the big copper and mining producers. They have their view on coal and iron ore. Were going to find the right piece of paper. 58 dollars for iron ore. I remember it. The king of luxury performs. Burberry bucks the trend. The burb
Are about to get underway. Big crowds expected along santa goes waterfront where huge Fireworks Show will be set off at the stroke of midnight. Christina is life where it will be him much different story in just a few hours. If you take the look here, you can see the barricade set up the couple of hours ago for the big crowds police are expecting. So far so good, but that will change as we inch closer to midnight. He did catch up with several people inside restaurants and bars and they basically want to spend your evening having good meal and ringing in the new year with great food and good company. A lot of people say they will eat and then go home but by the fireworks because they dont want to miss anything as far as the fireworks on television. We are very happy we are at another new years. We do want to wish everyone out there remarkable and sane new years. For the other people we talk to that are trying to see the fireworks here, they are setting up shop along the sidewalk here. W
2011. A record amount of pyrotechnics. Trademark flashy dubai style. For quite a going while yet. The latest country to welcome in year, he state of dubai. Well, to our top story this hour good news for france as the year draws to a close. A french Catholic Priest held hostage in cameroon has been freed. Georges vandenbeusch had been held prisoner by the group boko haram. Held,er 48 days being Georges Vandenbeusch is finally free. Priest spoke of his weeks in captivity. There was the anger of being separated, but i told myself a keeping mele were and i was praying that everything would be ok. Tuesday, his release was confirmed with a statement on the website. Pariss was a sign of resolve. It shows we should never lose hope for our hostages. In order to ensure their safe release, there are two conditions. Governments steadfast determination and its discretion. Georges vandenbeusch had been working in cameroon since 2011. Gunmen 15 gunmen erskine to his compound. Some of his belongings w
The s p did rise 0. 03 . What keeps me up at night is a cup of coffee after 9 00 a. M. Close friends of mine know i will not go to sleep that night and will just stay up, not even trying to sleep. With caffeine that late in the day, its just hopeless for me. Theres some tmi about me that you might not know, which, omg, means too much information. Thank you, daughters, for teaching me that. Seriously, what am i worried about in this market . First, i am no permabull, as many people think i am, because ive been bullish in a period where weve had a tremendous bull market. That doesnt mean ive been wrong, ive been wrong about some things, but when youre bullish during a bull market, generally speaking, thats called being right. I like being right so i bridle at the ridiculous charges of permabullishness. Let me tick down whats bothering me and testing my conviction that well have another good year. Something that the statisticians should happen, given the fact that weve almost always been