Last week, when we discussed the recent ominous gas deal cancellation between Egypt and Israel we warned that the May Egyptian presidential election is the one that nobody is concerned about, yet should be far more prominent on everyone's radar, especially in the aftermath of not only the recent deterioration of Egypt-Israel relations, but also the withdrawal of the Arabian ambassador from Cairo.
We're seeing increasing amounts of evidence to suggest that business spending activity is picking up. The most compelling evidence that many analysts are pointing to is the recent acceleration of commercial and industrial loans (C&I... Read Post
Cairo — The two weeks since Egypt's abrupt cancellation of a Mubarak-era gas-export deal with Israel have seen an exchange of indirect threats and warnings between the two countries, culminating in an apparent Israeli military build... Read Post
Lately, Art Cashin has been warning us that we should be paying more attention to the geopolitical risks overseas. This morning, Cashin, UBS Financial Services' director of floor operations, refers back to Egypt. From this morning's... Read Post