Iran Nuclear Deal: USA remains out under Biden; Russia and Iran collaborating on nuclear items
Dusty Bake Activate
Fukk your corny debates
Fixed.
Dusty Bake Activate
Fukk your corny debates
I remember watching Fareed Zakaria GPS years ago and this foreign policy scholar, I can't remember his name, was talking about a book he wrote where he was making the case that the U.S. should establish a diplomatic partnership with Iran and lessen their ties with Saudi Arabia, and how it would be better for the U.S., the whole region, and the world. He made a very compelling case. He's probably like 
now.
now.Dusty Bake Activate
Fukk your corny debates
I know Bibi was like this when he heard the news..
He didn't give a shyt about our interests when Obama asked him to stop building settlements in Gaza and Jerusalem and he basically told him to fukk off. fukk Netanyahu and his whole country.
Piff Perkins
Veteran
I know Bibi was like this when he heard the news..
He doesn't want peace, it's as simple as that. An isolated, antagonized Iran benefits his administration. It justifies ridiculous defense spending, allows Israel to have increased influence in the US, and translates into billions in US aid.
A domesticated "normal" Iran changes all that. It takes away the far right's biggest foreign policy talking point ("I will not allow Iran to get a nuclear weapon") and isolates Israel.
I hope this works. Kerry and Obama are taking a gamble, if it works they'll look like geniuses.
The CIA is sitting aside like... 
Israel will now get more desperate to get attention as the victim that they will look like the aggressor and will be truly isolated.
Mon, Nov 25, 2013, 5:17AM EST - US Markets open in 4 hrs and 13 mins
Iran deal saps oil prices, cheers Asia shares
An office worker walks past the board of the Australian Securities Exchange building displaying its logo in central Sydney April 5, 2013. REUTERS/Daniel Munoz
By Wayne Cole
SYDNEY (Reuters) - Oil prices hit the skids on Monday after Iran and six world powers sealed a deal curbing its nuclear program, a fillip for global economic growth that found expression in heartier share prices from Tokyo to Seoul.
The agreement gives Iran some relief from crippling sanctions and is considered a big step toward a more lasting treaty. While Iran will not be allowed to increase its oil sales for six months, any easing of Middle East tensions tends to lead to lower crude prices.
Brent crude oil shed $2.89 to $108.16 a barrel, its biggest daily drop in a month. U.S. oil lost $1.37 to $93.47 a barrel. (O/R)
If sustained, the drop would be a net plus for spending power globally given high petrol prices essentially act like a tax on consumers.
"Positive growth signals continue to trickle out across the global economy and there is growth convergence between developed and developing economies," said Peter Dragicevich, a strategist at CBA.
"Our world GDP "nowcasting" estimate points to accelerating global economic growth in the final months of 2013. This is the general trend we expect to occur in early 2014."
European shares were expected to open modestly higher, with London's FTSE 100 (.FTSE), Frankfurt's DAX (.GDAXI) and Paris' CAC 40 (.FCHI) seen up as much as 0.2 to 0.4 percent, according to financial bookmakers.
Attention in Asia was again on Japanese markets as a sliding yen promises to boost exports and profits. The Nikkei (NIK:^9452) sped ahead by 1.5 percent, having gained almost 11 percent in little more than two weeks.
On Wall Street, the Dow (.DJI) ended Friday with gains of 0.3 percent, while the S&P 500 (.SPX) added 0.5 percent for its first ever close above 1,800. Early Monday, S&P 500 futures had added another 0.3 percent.
But with money flooding into developed world assets, emerging markets are getting cold-shouldered. It was notable that MSCI's broadest index of Asia-Pacific shares outside Japan <.MIAPJ0000PUS> failed to make any headway at all last week, even as Wall Street made new peaks.
So far on Monday, the index was up 0.3 percent, as Seoul shares led the way with an increase of 0.5 percent (.KS11).
YEN PAIN IS EURO'S GAIN
In currency markets, the yen remained under pressure as investors use it for carry trades -- borrowing the currency at super-low rates to invest in higher-yielding assets elsewhere.
The dollar was up at 101.88 yen having cracked the old July top of 101.53. Much of the action was in the euro against the yen, which has had a barnstorming run to reach four-year highs of 137.98 yen.
Euro-yen bulls now have their eyes set on a series of peaks from 2009 ranging from 137.43 all the way to 139.18, the top for that year. A break of the 139.18 level would take the euro to territory not visited since October 2008 -- very bullish from a technical point of view.
Oddly, the gains have come even as the European Central Bank sounds ever-more dovish on policy.
Earlier on Monday, ECB Executive Board member Benoit Coeure reiterated the central bank would take further action should inflation slow further.
The single currency was been particularly strong against the Australian dollar, which has been undone by threats of intervention from the Reserve Bank of Australia.
The euro leaped almost four full cents last week as the Australian currency crumpled to a three-month trough.
Traders said the commodity currency could continue to struggle particularly if tensions between China and Japan grew.
China at the weekend suddenly imposed new rules on airspace over islands at the heart of a territorial dispute with Tokyo, prompting Japan and ally the United States to warn of an escalation into the "unexpected".
There is no major economic data due in Asia on Monday, while most of the U.S. economic releases will be front-loaded this week ahead of the Thanksgiving holiday on Thursday.
The U.S. diary includes figures on housing starts and prices, consumer confidence, durable goods orders and manufacturing in the Chicago area.
Iran deal saps oil prices, cheers Asia shares
An office worker walks past the board of the Australian Securities Exchange building displaying its logo in central Sydney April 5, 2013. REUTERS/Daniel Munoz
By Wayne Cole
SYDNEY (Reuters) - Oil prices hit the skids on Monday after Iran and six world powers sealed a deal curbing its nuclear program, a fillip for global economic growth that found expression in heartier share prices from Tokyo to Seoul.
The agreement gives Iran some relief from crippling sanctions and is considered a big step toward a more lasting treaty. While Iran will not be allowed to increase its oil sales for six months, any easing of Middle East tensions tends to lead to lower crude prices.
Brent crude oil shed $2.89 to $108.16 a barrel, its biggest daily drop in a month. U.S. oil lost $1.37 to $93.47 a barrel. (O/R)
If sustained, the drop would be a net plus for spending power globally given high petrol prices essentially act like a tax on consumers.
"Positive growth signals continue to trickle out across the global economy and there is growth convergence between developed and developing economies," said Peter Dragicevich, a strategist at CBA.
"Our world GDP "nowcasting" estimate points to accelerating global economic growth in the final months of 2013. This is the general trend we expect to occur in early 2014."
European shares were expected to open modestly higher, with London's FTSE 100 (.FTSE), Frankfurt's DAX (.GDAXI) and Paris' CAC 40 (.FCHI) seen up as much as 0.2 to 0.4 percent, according to financial bookmakers.
Attention in Asia was again on Japanese markets as a sliding yen promises to boost exports and profits. The Nikkei (NIK:^9452) sped ahead by 1.5 percent, having gained almost 11 percent in little more than two weeks.
On Wall Street, the Dow (.DJI) ended Friday with gains of 0.3 percent, while the S&P 500 (.SPX) added 0.5 percent for its first ever close above 1,800. Early Monday, S&P 500 futures had added another 0.3 percent.
But with money flooding into developed world assets, emerging markets are getting cold-shouldered. It was notable that MSCI's broadest index of Asia-Pacific shares outside Japan <.MIAPJ0000PUS> failed to make any headway at all last week, even as Wall Street made new peaks.
So far on Monday, the index was up 0.3 percent, as Seoul shares led the way with an increase of 0.5 percent (.KS11).
YEN PAIN IS EURO'S GAIN
In currency markets, the yen remained under pressure as investors use it for carry trades -- borrowing the currency at super-low rates to invest in higher-yielding assets elsewhere.
The dollar was up at 101.88 yen having cracked the old July top of 101.53. Much of the action was in the euro against the yen, which has had a barnstorming run to reach four-year highs of 137.98 yen.
Euro-yen bulls now have their eyes set on a series of peaks from 2009 ranging from 137.43 all the way to 139.18, the top for that year. A break of the 139.18 level would take the euro to territory not visited since October 2008 -- very bullish from a technical point of view.
Oddly, the gains have come even as the European Central Bank sounds ever-more dovish on policy.
Earlier on Monday, ECB Executive Board member Benoit Coeure reiterated the central bank would take further action should inflation slow further.
The single currency was been particularly strong against the Australian dollar, which has been undone by threats of intervention from the Reserve Bank of Australia.
The euro leaped almost four full cents last week as the Australian currency crumpled to a three-month trough.
Traders said the commodity currency could continue to struggle particularly if tensions between China and Japan grew.
China at the weekend suddenly imposed new rules on airspace over islands at the heart of a territorial dispute with Tokyo, prompting Japan and ally the United States to warn of an escalation into the "unexpected".
There is no major economic data due in Asia on Monday, while most of the U.S. economic releases will be front-loaded this week ahead of the Thanksgiving holiday on Thursday.
The U.S. diary includes figures on housing starts and prices, consumer confidence, durable goods orders and manufacturing in the Chicago area.
There hasn't actually been a deal of any substance though...its like they made a deal to eventually make a real deal down the line.
Even the language of "the deal" is in dispute with Kerry saying that Iran has no rights to nuclear enrichment while the Iranians are saying this expressly gives them the right to nuclear enrichment.
Even the language of "the deal" is in dispute with Kerry saying that Iran has no rights to nuclear enrichment while the Iranians are saying this expressly gives them the right to nuclear enrichment.
Beerus
Banned
so
Lower oil prices?
God damn if it happens
Lower oil prices?
God damn if it happens
ill
Superstar
so
Lower oil prices?
Lower brent crude prices. The oil you put in your house/car may not drop.
Beerus
Banned
Damn.
theworldismine13
God Emperor of SOHH
i think the discrepancy is between the type of enrichment, as usual its kerry that misspoke, they can enrich just not at nuclear bomb grade levels and as usual iran is exaggerating
Julius Skrrvin
I be winkin' through the scope
@ this concurrence of the fukk israel coalition and the anti wahhabi movement
Black smoke and cac jokes
Your daps are mine
Saudi Arabia does not play the role of being a hegemony in the middle east. They have no regional influence at all. Their only function is playing the middle-man in U.S. foreign affairs, no one will back down from threats from SA. Look at Assad, the nikka didn't even flinch when SA told him that they will exclude him from the Arab League.
Sometimes I wonder if any of you have the slightest clue of what you talk about when it comes to foreign policy. It's like you can't step out of your narrow minded western perspective and understand other areas for what they are.