Trade War Looming. China Ammunition Stocks

For the first time in the 7 year civil war that has caused death, displacement  and ruin in Syria, firing between Revolutionary Guard forces of Iran and the Israelis occurred last night. We know not the implications of such altercations only that the Middle East is a tinderbox and it won’t take much to ignite, let alone detonate. Counterintuitively, the Israeli currency is showing strength despite the threat. We believe the central bank is likely propping up the currency.

Telephone and internet and media are in play in Europe today as Vodafone agreed to pay €18.4 bn for the German and Eastern European cable networks of Liberty Global. This is one of Euroland’s biggest telecommunications linkups in history. The British firm wants to join its wireless services with the land line and TV offerings of the acquired firm and take on the mighty Deutsche Telecom. All activity in this arena raises all ships.