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Oil prices spike further after US move on Iran buyers
+2 for Anyone Buttrump 2020!

Diversity is the key to economic and political evolution.
by Cat on Tue Apr 23rd, 2019 at 02:18:17 PM EST
[ Parent ]
Saudi Arabia won't hike oil output after US cancels Iran waivers
"[KSA energy minister Khalid al-Falih] said the kingdom's May output has already been set without varying much from recent months and production for June will be decided next month."
Turkey slams US for ending waivers on Iranian oil imports
"#Turkey rejects unilateral sanctions and impositions on how to conduct relations with neighbors."
China complains to U.S. over end to Iran oil sanction waivers
"China is resolutely opposed to the United States enforcing unilateral sanctions or 'long armed jurisdiction', Geng Shuang, a ministry spokesman, told a daily news briefing."
Europe Doubles Down on Iran Support as Trump Targets Oil Exports
"We regret yesterday's announcement by the U.S. not to renew oil waivers," European Commission spokeswoman Maja Kocijancic told reporters in Brussels. ...Work on the INSTEX mechanism to facilitate financial transactions for European companies trading with Iran is "progressing positively with a view to a near completion," the French ministry said.

Iran should continue work on its mirror mechanism, the ministry said. Exchanges between the two sides are underway to ensure that both structures "operate in a manner consistent with international financial standards," it said.

US ends waiver but India may continue to buy Iran oil
"Government officials, who asked not to be named, said Indian companies are unlikely to completely halt imports from Iran. ...The waiver from sanctions for Iran's Chabahar port, which is being developed by India for trading with Afghanistan and Central Asia, will remain in place."

Diversity is the key to economic and political evolution.
by Cat on Wed Apr 24th, 2019 at 10:47:00 PM EST
[ Parent ]
AP | Unemployment hits 49-year low as US employers step up hiring: 3.6%
"'We have entered a very strong and durable prosperity cycle,' said Larry Kudlow, director of the White House's National Economic Council. ...And the unemployment rate for veterans of the Iraq and Afghan wars dropped to 1.7%, also a record low."
BLS | Employment Situation Summary
The jobless rates for teenagers (13.0 percent) and Blacks (6.7 percent) showed little or no change. ... long-term unemployed was little changed at 1.2 million in April and accounted for 21.1 percent of the unemployed. ... The labor force participation rate declined by 0.2 percentage point to 62.8 percent ... Professional and business services added 76,000 jobs

Diversity is the key to economic and political evolution.
by Cat on Sat May 4th, 2019 at 06:08:06 AM EST
[ Parent ]
Kudlow's statement, 'We have entered a very strong and durable prosperity cycle' brings to mind Irving Fisher's immortal quote: "Stock prices have reached what looks like a permanently high plateau." - Sept. 3, 1929

"It is not necessary to have hope in order to persevere."
by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Sat May 4th, 2019 at 08:13:33 PM EST
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