Interpreting Middle East Economic News and Analyzing Market Trends

Category: Banks

Macroeconomic Outlook for Kuwait and the GCC

I was invited to speak at the IFN Forum Kuwait, which was held in Kuwait on October 19, 2015.  I gave a presentation on my outlook for Kuwait and the rest of the GCC countries in light of the 60%+ fall in the price of oil over the past year.

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Market outlook for the rest of 2015: How to make it through the chaos that lies ahead

Image Source: CNN Money

With the end of the third quarter quickly approaching, I thought that it is the right time to give an update on some of the recent news in financial markets and what it is signaling to us.  At the very least, we need to pay close attention to what is happening in the oil market.  I previously wrote about oil here and why I believe the price is headed much lower.  Today, however, there is not only evidence that oil is headed lower, but that nearly every other asset will be headed lower too.

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Market outlook for the remainder of 2015: Negative

Financial Crisis Ahead

I recently prepared a detailed report to one of my clients on the market outlook for the rest of 2015.  The findings in the report were a bit of a shock to them, but nevertheless, they accepted them as real possibilities given recent developments.  I would like to share with you the highlights of the report so that you can prepare yourself for what lies ahead, or at least offer you a different point of view from the ‘recovery is taking hold’ crowd.  More importantly, I urge you to take a close look at the ‘elephant in the coal mine’, Deutsche Bank.

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The next financial crisis and how it will affect GCC countries

 

This is a presentation I gave recently in Dubai discussing my new book titled ‘Islamic Finance and the New Financial System: An Ethical Approach to Preventing Future Financial Crises.” 

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The vanishing petrodollar and its implications on financial markets

 
Petrodollar

Image Source: The Daily Reckoning

It didn’t take long for the effects of falling oils prices to catch up with the global economy.  We’ve reported in the past how falling oil prices will expose the ‘shale revolution’ myth, and we are now starting to see shale companies file for bankruptcy (expect this trend to accelerate through the summer).  Now, however, we are starting to see the effects of vanishing petrodollars from the global financial system. The acceleration of this trend alone can spark another financial crisis.

   

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