Russia Hoaxers Quiet About Canadian Election Interference

Philippines Declares State Of Emergency As Energy Crisis Looms As we outlined in our recent analysis on Australia's dangerous vulnerability to disruptions in the Strait of Hormuz, most of Asia is heavily exposed and faces an unprecedented energy crisis should the war in Iran continue to prevent safe passage of oil and natural gas from the Gulf.  As Australia debates the potential for a national emergency, the Philippines has already declared one. This week, Philippine President Ferdinand Marcos Jr. signed Executive Order No. 110, declaring a state of national emergency as...

Ease In Our Time By Micael Every, Global Strategist at Rabobank Yesterday saw the BOJ hike rates to 1%, the highest level since 1995, and the RBA hold at 4.35%, with some chatter of the next move being down, not up, despite inflation running way above 2%. Today it’s the turn of new Fed Chair Warsh who, like the other central banks, has to deal with a geopolitical backdrop which may or may not allow for any monetary policy easing. There, the text of the 14-point US-Iran MoU has been leaked ahead...

"Serious Warning": Germany Misses November NatGas Storage Levels As Cold Snap Looms Germany faces an imminent cold snap with natural gas inventories well below their 15-year seasonal average, leaving Europe's largest economy with a limited buffer against back-to-back cold blasts. Prolonged cold would accelerate storage withdrawals and increase dependence on costly replacement LNG supplies from international markets. European NatGas prices are trading north of 100 euros per megawatt-hour.Germany's gas storage was about 61.2% full on Saturday, short of the 70% average it was supposed to reach by Sunday, according to AGSI...