Shifting Landscape


The Middle East unravelling?
United States: Trade balance improves
United Kingdom: Economic imbalances persist
Eurozone: Double whammy of poor data
Eurozone: ECB preview


Good morning,

With all eyes on the needless loss of young life in the latest round of the Israeli-Palestine conflict (which, if you want to get an excellent handle on, I couldn’t recommend more highly the book I am reading: David Grossman’s “The End of the Land”) and Ukraine, the crisis in Iraq has all but vanished from the headlines.

A month ago, it seemed to many spectators that the once powerful Saudi ambassador in Washington, former head of Saudi intelligence and Sunni cheerleader, Prince Bandar bin Sultan’s ominous prediction was set to become a reality;

“The time is not far off in the Middle East, ….it will be literally ‘God help the Shia’. More than a billion Sunnis have simply had enough of them.”

So what’s happened to the mighty Islamic State (IS), whose mass executions, beheadings and crucifixions of alleged ‘apostates’ evoked terror in the hearts and minds of many Iraqi citizens?

Download a FULL PDF version of the Daily Note:

Global Macro-Daily Note 7th Aug 2014


  • The statements, opinions and analyses presented in the articles, newsletters, and other materials appearing on this website are provided as general information and for educational purposes. Opinions, estimates and probabilities expressed herein constitute the judgment of the author as of the date indicated and are subject to change without notice. Nothing contained in this website is intended to be, nor shall it be construed as, investment advice, nor is it to be relied upon in making any investment or other decision. Prior to making any investment decision, you are advised to consult with your broker, investment advisor or other appropriate tax or financial professional to determine the suitability of any investment. David McWilliams shall not be responsible or have any liability for investment decisions based upon, or the results obtained from, the information provided.

Categories: Daily Note