GCC

wholewheatscythe

World? Heck, the UAE could reopen it on its own, without help. Of course, they would get help from the other GCC countries and America, but they’d probably be able to handle it in their own. Iran has to realize that.

qgshadow

At least name all of the GCC countries , what about Bahrain lol.

Adome201

if being down 13k after being up 100k and still being up 90k makes you mad then sell off a good portion then. then you know even if u lose all that money after the fact you still would have made money. Yeah u can risk all of it but PLTR is close to top rn and if GCC deals didn't send it over it probably still has a lot of work to do.

uansari1

Not true…even the GCC countries that Trump recently visited would be considered “discriminatory”.

Joethetoe00

More likely to deal with data sovereignty problems for government and defence customers in that region. It's been difficult to use many cloud hosted services outside the US for a long time now, due to local export control laws. It's potentially bullish if they're able to solve it and attract more of those customers to their platforms. The US does this already with AWS Govcloud and MS GCC-H but outside the US it's limited.

ExtinctLikeNdiaye

Side note: Pakistan is unlikely to want a military escalation... at all. Its two chief historical supporters - the US and China (yeah... the one country the US and China both tended to support at the same) are not particularly interested in helping out right now. For the US, India is no longer a Soviet-aligned socialist country and without a conflict in Afghanistan, its geographic position is no longer that valuable. If the US goes to war with Iran, it MIGHT have some strategic value (assuming the GCC countries don't want missiles flying to/from their countries). However, right now, they aren't going to get much help from the US especially with DJT's bromance with Modi. For China, there might be some interest in countering India (who they have a rather strong animus towards) but they are already hunkering down for a serious economic winter. IDK how high Pakistan would rank on their priorities. Pakistan's military has historically punched above their weight considering the political and economic shitshow that Pakistan has been over the last 50 years. This has generally been due to the Army's relatively high level of professionalism and how much of the country's economic output goes to fuel the military, its training, and armament. That, however, has worsened over the last 2 decades since Musharraf was removed from power as the military's professional class has been gutted and the traditionally less corrupt military establishment has become infected with the same issues around corruption and nepotism that have afflicted the broader economic and social environment. Pakistan's saving grace would be its connection to the GCC countries that could severely punish India for any attempt at invasion both by providing Pakistan with huge amounts of money and arms as well as kicking out Indians from their countries (which would bring crisis level problems for India given the economic value of those remittances).

MassiveFkingYolo

Lil homie, India's whole economy relies on GCC i.e Global Capability Centers. These are offshore facilities established by multinational corporations  to manage various business functions and processes for the parent organizations. To put it even more simply, Indians do the accounting, IT, R&D, Finance, HR etc. The only thing left in the parent organization are skeleton crews that work on projects that absolutely cannot be off shored and higher management. It doesn't matter **if Indians are cheap now because they will be good later.** They will be hired and trained. They will then slowly gain experience. You can buy a good education but you can't buy experience. All the fruits of the intellectual labor done by this group will stay in India. Young white collar workers in the west will be hired less and less (This is already happending btw) because yall are not needed anymore. And just like how you lost manufacturing, you will lose the rest of the business too. This has been happening for the past two decades, since the Indian economy has opened up. So, my suggestion to you would be to bark. Bark about how Indians are not good at assembling Iphones. Bark about nuclear reactors. Bark about brown people in general. Because pretty soon, that's all you can do :).

commonsense-innit

1991 Iraq war happened because Iraq started selling oil in euros instead of dollars. Fact, fast forward 2025 USA and its intelligence are still looking for those elusive WMDs Fact, Saddam had gradually converted from the dollar to the Euro in the years leading up to the second war. In fact, the process was completed only months before the US-led coalition invaded again US bullying has poked the bear only this time rest of world are prepared, busy building powerful trading blocs ASEAN, BRICS, EU et al, whereas quisling faragers were busy scuppering uk and economy middle east are also not fans of US, they too have a trading bloc, Gulf Cooperation Council (GCC) world is changing, middle class wage slave americans will feel the pain, whereas the 1% wealthy will become richer

poachedseggs

As a non-American, I quite like this Trump guy. In his first term he may have caused a diplomatic rift in the GCC but those countries learned from it and are now united as ever. And now Europe and Far East Asia are uniting together, respectively. That's awesome, what an inspiration!

UNC_Recruiting_Study

I've been in the GCC the last 18 months. What I'm seeing is the Chinese competition burning things up in both gas and EV. 18 months ago MG, Geely, and Jetour were outliers. Now, especially the Jetour T2, are everywhere with locals beginning to shift from Land Cruiser and Defenders. Europe stats are showing similar trends.

Xallama

It won’t matter, the price will be slashed with subsidized money and Tesla will sell in India GCC Egypt and all countries scared shitless of Trump. Tesla will die eventually but Elon will pull his last trick soon and step down with a spectacle of patriotism and sacrifice, but it don’t matter

LordFaquaad

They didn't steal all the intellectual data. The majority was handed to them via joint ventures. It's only very recent that China allowed 100% foreign ownership of companies, previously you had to partner with a local company via a JV which allowed knowledge transfer, investment, etc. American / European manufacturers handed China the intellectual rights and as they learned, they eventually were able to compete against western companies. A similar approach is using in KSA / GCC in oil drilling, banking, insurance, etc.

MohJeex

That seems like a wild accusation seeing as how I live and was born in Bahrain, which last time I checked is in the GCC. I'm using Schwab and a couple of my friends use IBKR, both of which are US brokers. A local broker is possible as I have mentioned, that is if you're willing to pay up their exorbitant transaction fees.

Legal_Commission_898

Answered without knowing the answer, as is typical on reddit. In the GCC, you can use Baraka or equivalent…

LordFaquaad

You just said the entire region not neighbors. The GCC is a part of the middle east region lol. Also no only the UAE has trade relations with Israel. Ksa doesn't even have formal diplomatic relations with Israel. Israel isn't even the biggest economy in the region.

Designer-Chapter4469

IDK if this information helps but Arabs in the GCC and Middle East in general love using it here A LOT. They religiously use it.

InnerBlood253

Well….. Canadian banks are in hot water for laundering money in street level retail locations : [TD bank faces billion dollar money laundering fines](https://www.bloomberg.com/news/articles/2024-06-05/td-money-laundering-fines-may-reach-4-billion-jefferies-says) TD bank offers mortgages to Canadians with this money. Plus there is a money laundering process called “the Vancouver model” I believe it works like this, say you have $20 million in Moscow/Beijing/Tehran/Bogota/…. And you want to move it out of the country. So you contact your local crime syndicate in town and write them an invoice for $20 million in consulting fees. You travel to Vancouver and meet up with their chapter here (fun fact, they all have a presence in Vancouver or Toronto) they now give you a hockey bag (or in some cases garbage bag) with around $18 million in fentanyl sales $5, $10 and $20 bills. You head over to your local great Canadian casino or illegal casino that uses the same GCC chips and you play some high limit pai gow which allows $150k max bets per play. You lose a couple hands to make sure the casino gets their beak wet, cash your chips out into a nice cashiers chèque, you deposit it into a local bank, buy your ~$ 350k investment permanent residence in Canada, buy some real estate, flip it in a year. You now have about $18 million of legal money you can use throughout the world. Some rough references : https://globalnews.ca/news/8277350/bc-casinos-money-laundering-cullen-commission-closing-arguments/amp/ https://www.cbc.ca/amp/1.5585890

Stillinthedesert

I’m in the GCC Starbucks is on its arse, boycott is definitely still in affect, I’m in Qatar at the moment there’s not a Customer to be seen - every other coffee place is buzzing. Don’t forget AlShaya own around 2,000 units in GCC, already cut over 2k staff, there’s still time for them to fall further.

ShortFcnLoser

C’mon,take a look at just Eurozone countries,they have stable HICP inflation at around 2.4% in April 2024,how is that better than the US?or look at the GCC and many other examples. The US handling was one of the worst within the developed countries,and even countries like Indonesia fares better.

Soggy-Job4187

FULL PRESS RELEASE: NEW YORK and DUBAI, UAE, May 13, 2024 /PRNewswire/ -- SMX (Security Matters) PLC (NASDAQ:[SMX](https://www.prnewswire.com/news-releases/smx-partners-with-brinks-to-create-new-gold-market-standards-302143199.html#financial-modal); SMXWW), a pioneer in digitizing physical objects for a circular economy and a provider of innovative technology solutions for the commodities market, is pleased to announce a strategic partnership with Brink's aimed at revolutionizing the gold market landscape. Members of the Brinks and SMX Executive Teams meeting with Ahmed Bin Sulayem, Executive Chairman and Chief Executive Officer of the DMCC, in Dubai to announce their groundbreaking strategic partnership to create the new gold standard. This groundbreaking collaboration brings together SMX's state-of-the-art technology, Brink's renowned expertise in secure logistics with a global network of operations, serving customers in more than 100 countries. The partnership is poised to introduce unparalleled transparency, trust, and efficiency to the gold market ecosystem. At the heart of the partnership lies SMX's revolutionary technology, which will be deployed by Brink's to enhance various aspects of gold marking, auditing, and storage. Leveraging SMX technology, Brink's will ensure impartial marking and auditing of gold in Dubai, setting new standards for transparency and reliability in the market. The joint service offered by Brink's and SMX will be able to elevate the reporting and quality assurance standards for gold sourced, refined and vaulted in Dubai by companies operating both in DMCC's free zone and in the whole Gulf Cooperation Council (GCC) region.  Furthermore, the collaboration is intended to extend the benefits of SMX technology to empower market participants with enhanced transparency and liquidity in gold financing. trueGold Consortium, a majority-owned subsidiary of SMX holding the exclusive SMX tech license for all gold applications, will play a pivotal role in implementing the technology together with Brink's for the gold market operations in Dubai.  Additionally, the joint service between SMX (via trueGold) and Brink's lab located in Dubai will commence during Q3, 2024 Ahmed Bin Sulayem, Executive Chairman and CEO of DMCC, remarked, *"The partnership between SMX and Brink's would expand services for both members of DMCC's vast ecosystem for precious metals, and external parties, supporting their requirements for wider market access.  We are excited to have Brink's lead the implementation and seeing greater adoption across the value chain."* Speaking about the partnership, Michel Constain, Vice President, Africa and Middle East, Brink's, commented\*, "We are excited to collaborate with SMX in this transformative initiative. By leveraging Brink's expertise in secure logistics and utilizing SMX's cutting-edge technology in our state-of-the-art laboratory facility in Dubai; we aim to set new benchmarks for transparency and trust in the gold market for our clients\*." Hugh Morgan, Chairman of trueGold Consortium, expressed optimism, stating, "*As the Chairman of trueGold Consortium, I am delighted to see the partnership between SMX and Brink's come to fruition. This collaboration represents a significant step forward in advancing technological innovation in the gold market and underscores the commitment of all parties involved to set new standards of transparency and trust."* The formal launch of the partnership between SMX and Brink's took place on Tuesday 7 May 2024 at DMCC's headquarters, Uptown Tower, in Dubai, marking a significant milestone in the evolution of the gold market. Key stakeholders from SMX, DMCC, and Brink's were in attendance, underscoring the collective commitment to driving positive change in the industry. Furthermore, SMX is in the process of establishing a subsidiary named 'SMX GCC Sustainability and Circular Economy'. This entity will serve as the regional operational arm for the collaboration between Brink's, DMCC, and the GCC region, further solidifying the commitment to sustainability and circular economy principles in the gold market ecosystem.

Blue-snow

Price volatility on GCC is crazy right now, holy shit.

mrNas11

I strongly believe US-GCC Arab States will manage to reign in both Iran and Israel.

Yacoob83

I'm using Mubasher Capital, they give you access to GCC, US, UK, some European and Asian stock markets. Their fees are higher than any of the US brokers though. My reason for picking them was how easy it will be for my family to handle any inheritance issues if they are dealing with a local company). As I said above, if you're living in Bahrain, you should only be taxed on dividends. I assume you'll be subject to inheritance taxes in case of death, but I can't claim to understand how those work, I know that depending on how much you have, you maybe taxed as much as %40 of your worth.

LordFaquaad

I worked for a while in the middle east as a consultant. The scale at which the GCC own things is quite uninlmaginable. The sovereign wealth funds e.g. PIF, Mubadala, QIA have some insane investments and basically bankrolled a good portion of silicon valley. They have some insane RE holdings globally particularly in London / NYC. I remember back during COVID, port valuations dropped and UAE bought ownership in large global ports through DP World. Most people think arab states are just oil but they've done well to expand far beyond it without making it public. Even Aramco has diversified outside Saudi and owns multiple vertical / horizontal O&G investments globally especially in the US.

golden_bear_2016

There's a deeper problem with AMD with trying to compete against NVDA. Competing Intel was far easier because x86-64 was the common instruction set. Most programs compiled with GCC / Visual Studio were able to run on either Intel or AMD CPU's, of course with some proprietary instruction set implemented by both. But NVDA has a strangle hold because CUDA is proprietary and no big company / research group will want to take the time and risk to build separate pipelines that work with AMD ROCm. And for most firms / groups, ML is not a finance problem. It's a problem of getting to market before your competitors, and that means using NVDA to get there.

anthronyu

The triple agonist is not that at all… You don’t know what you’re talking about … both terzepatide and semaglutide are glp1 agonists. Terzepatide is a double agonist as it also affects GIP which is likely why it is superior to ozempic, trulicity and the other GLP1s. The one in the pipeline adds GCC effects and 48 week results are superior to anything on market. No one has anything this good coming out. If they have an inferior product it won’t get approved …

LordFaquaad

This means nothing. Especially since the GCC has invested heavily in oil infrastructure in India and globally over the years. This was a few years ago but effectively the GCC has considerable control over Indias energy sector. https://oilprice.com/Energy/Energy-General/Saudi-Arabia-To-Invest-100-Billion-In-Indias-Energy-Sector.html Effectively the GCC has diversified considerably even in O&G. They own refineries and have ownership stakes in Europe, NA, Asia etc. Aramco / Saudi owns America's largest oil refinery. That's why you note that even with low output, GCC economies have continued to grow and have remained largely unaffected. OPEC is just a name thing at this point and these headlines are largely irrelevant. GCC is even shipping Irani oil via oil traders sitting in Lebanon / Jordan and taking a cut for themselves. Understanding GCCs true output is very complicated and beyond the scope of this article which is a cheap headline tbh

MZ603

No, because that's not how diplomacy works. It's not tit for tat. The US and the myriad of coalitions we are working with can degrade these capabilities specifically much more quickly than their ability to defend against and reach out into KSA and UAE. GCC states are holding us back. There is a tipping point where we will no longer put such weight on those factors. The US will change the profile of strikes in Iraq and Syria and more openly target the IRGC proxies. Hezbollah isn't being used at scale because Iran can't afford to lose them. There are a lot of pain points. Houthis really aren't a huge part of that over all plan. Also, if you fall into the proxy trap, you will forget that the Houthis have their own grievances and a sense of self-preservation. Take my words for what you will; I just think a lot of people are way off base here.

LordFaquaad

I'm assuming you're either not from MENA or have never visited any GCC country. Not a single rich GCC country is at risk of falling. In fact the royal families are so deeply entrenched into the country that removing the royal family would destroy the country in the process. Also, and i say this because I used to consult with a B4 in MENA, theres absolutely no way those countries are falling without bringing down the entire world with them. PIF / Mubadala basically funded Silicon Valley and have controlling ownership stakes inultiple large companies across the world. Hell the largest refinery on the US is Saudi owned via Aramco. DP world, UAE GRE, has a controlling share in many important western and eastern ports. Also, Iran's power is limited due to how important of a strategic ally the GCC is for the US / NATO / Europe. There's alot of anti-GCC stuff on reddit but it'd be foolish to think that the GCC does not have a chokehold on the global economy and the world will protect the GCC to maintain status quo. There's a reason that the US has the largest military base in ME in Qatar. It has alot to do with how important the GCC is to maintain economic stability. Should the GCC depeg its currency from the USD, the consequences will be disastrous.

LordFaquaad

They're not the only monarch, UAE, Qatar, Oman are all monarchs/ royal families as well. In fact the majority of GCC is either monarch or monarch adjacent

M16A2wM203

Unfortunately, I have to disagree with your concept that the war will become another Arab/Israeli conflict with an American twist. None of the nations you called out have taken any significant actions to assist the Palestinians directly. None that I know of have even offered asylum to any significant number of refugees despite all of these GCC nations having huge expatriate work forces. Saudi Arabia has already announced its intent to resume normalization talks with Israel after the current conflict has ended. Jordan, Bahrain, Kuwait, Saudi Arabia, UAE, Syria, Turkey and Oman all have major US bases. Any direct conflict with the US military would result in immediate destruction within their own countries. What is not being denied is the fact that this is an issue created by the Iranian special operations. This lack of denial by the other GCC nations is a huge sign that they recognize the true culprit of this unrest. Bets against the US economy based on the theory of a growing regional conflict are made in error. I place my money on the companies who will supply the basics of war, such as HESCO and the likely contractors who will rebuild Gaza.

Pimalse

Mmb ,bc GCC AA JB b Ibe jlv pp plV be🖤💞💜en in cc ki oçv. Llnnk no nñjjn ko n hn JJ YouTube

io-io

Inverse ETFs come in quite a few "flavors". Some are general, while others are specific. You can check out the heatmap of ETFs in general at --- https://finviz.com/map.ashx?t=etf&st=w1 - note I have the time period set to weekly. * US Index - sqqq, psq, spxs, spxu, qid, sh, sds, sdow, dog, dxd * Sector - * Semiconductor soxs * Financial - faz, skf * Real Estate - drv * small cap - tza, srty, rwm, twm * gold - jdst, dust * emerging markets - edz * Europe - evp * fixed income - tbt, tmv, tbf, pst, ttt, sjb, dtys * commodities - sco, kold, zsl, dzz, GCC, dgz I see two approaches that would be useful. * Say you have a long-term position that you do not want to sell due to taxes. If you sell you have to pay a lot of capital gains. You can select the most appropriate ETF, and take a position. Size would be how you want to hedge 1:1 or whatever. Or say, you have a large positive position in Apple, Nivda, Tesla, etc. - so take a position in SQQQ which is a 3x inverse on the QQQ. * The other approach is to just take a position in an area that you think is going to; be in the process of topping; or in a decline - take whatever size you deem appropriate to profit from the decline. I would think that you really ONLY want to hold a position in an inverse while the decline is in progress. Otherwise, the value in the position will just be evaporating. These are not the things to be holding long term. Now, there has been a study that holding the 3x TQQQ long-term is very profitable (when it's not in decline). The reason is that there has been a multi-year bull market - and it just amplified the bull run.

Brave-Honeydew-2655

huge potential, i see it too. $GCC.V

Ltag

Call the GCC and set up a trading account on the CME. Will most likely need a trading/margin account where you’ll need to post 50-100k min so that you can trade futures/options for more size than 1 lots. Alternatively, you can check the contract size on the future on the CME website for more details on minimum capital requirement to buy a single future (I think milk is 2000*14.6=29.2k)…. :(

Forward_Ad_527

Only emiratis or GCC wear this clothing.

Dan_inKuwait

I come to WSB for my GCC news...

LordFaquaad

Had a banking crisis. Bailed out banks + other industries. Put dodd frank in place to ensure it didn't happen. Happened again under democrats all over again eventhough there were more than enough indicators that things were going to shit under Trump This is aside from the energy issues and the shit relationship they have with the GCC now further pushing energy markets into crisis. At a time when they should be pushing for friends, they're making enemies and pushing countries into the open arms of China. America might be mainly energy independent but the majority of its allies aren't Ppl make the democrats into some sort of saints when they're just as shit as Republicans because they're both funded by the same ppl / politicans are corrupt. Trump and Obama weren't that different. Let's not forget that Obama just like Bush and Trump bombed thr living shit out of Iraq and Afghanistan potentially creating ISIS and future terrorists.

IcanFLYtoHELL

China is a high tech economy, this notion that it a manufacturer of cheap goods is propaganda. China grew slowly and methodically, for the benefit of the people. While Europe,the US slowly have destroyed and eroded their Middle Class, China has developed one. India on the other hand, no it a failure of leadership. They haven't removed the stigma of the caste system (which must be more prevalent in society than admitted if US cities are forced to introduce caste anti discrimination laws). Current government is dividing the people (a very diverse culture) by promoting the fanatics of the majority. IT, while India is successful in that, it is a supplier of engineers and services (lower cost), but NOT a leader. Look at how the West goes after Chinese companies as their success threatens the big western companies. India is still heavily depended on remittances from abroad, again by exporting it's people. Some estimates have 20% of economy is built by the remittances from the GCC. Even there the Indian government fails it's people. While the Philippines and others protect to a certain level their citizens, India doesn't. It does not stop the recruiters in India from charging crazy fees that keep the employees in forever debt ( the fee's go to some incredibly rich Indians and politicians). Keeping their own poor, forever poor, even when they sacrifice their time away from their families. Indian media is the farthest thing from being free, with any popular media that opposed the current government being bought out by the billionaire's. Having said that, no country has a true free media (just look at how Europe banned any reporting that didn't come from EU in regards to Ukraine conflict). India will grow, so will Brazil, Indonesia, Pakistan, Vietnam, etc... But that just normal growth due to population. Will it reach it's true potential? That is up for debate.

LordFaquaad

It's not insurrection in Iran. It was people protesting for rights and Iran's armed forces fired on them. You hanged protestors not insurrectionists. Iran backed houthis from the beginning. I was working out of Dubai when it happened. It has and continues to be an Irani / Saudi proxy war. Iran is to blame just as much as any other country involved in that conflict. They are supplying the houthis with weapons for their own agenda in the region. There is a reason MENA (not just the GCC) doesn't like Iran

Old_and_moldy

I’ll be the first to admit I’m not the deepest thinker on Geo-politics. I find them naturally very complicated and finding the bigger picture requires a heavy amount of research. With that out of the way, as a layman I have a question…is the building relationship between the Middle Eastern oil supplying nations and China that smart of a play by the Saudis and GCC? It seems they are hitching to a country that has a demographic time bomb that is ticking faster then any other major global power. The golden days of globalization seem to be in the rear view mirror or at least starting to end. Both of which spell a huge problem for China.

ftc1234

Absolutely. They are on their way to doing that. 2050 will be a truly multipolar world with US, EU, China, India and the GCC. We can expect a huge African angle to this too because they have an exploding population. The best that the US can do is to fade graciously so that they are still considered as an influential leader in a multipolar world. But I don’t think US is on that path. US is in the path of asserting it military and economic power while China and GCC are asserting their manufacturing and resource powers.

leveredarbitrage

If you live in GCC, GCC tax laws will apply on capital gains. Most likely, you’ll have a 0% tax obligation.

one8e4

EV are going to be powered by the grid, which is dependent on oil, gas, coal for atleast next decade. All that talk about the grid in EU being renewable 100% some days was BS. Just look at our electricity bills. Many nations are growing, and even for example if India uses oil n gas as a % less than they do now in a decade, they will still be consuming alot. GCC, have already said that once they hit there targets soon, they won't expand the oil n gas production capacity, but that a few years away. Next two to three years will be interesting if their no major recession. I agree with you that it a industry that will shrink, but for next 5 years, it will be a cash cow industry.

Zabes55

https://www.thriftbooks.com/w/personal-bankruptcy-for-dummies_james-p-caher_john-m-caher/313745/item/5524610/?gclid=CjwKCAiApvebBhAvEiwAe7mHSI3-9hruWEaWUeQjFM07sl3mbmA3GCC2iVAvB2XsFBHzbyofkMuIBxoCAqQQAvD_BwE#idiq=5524610&edition=2442288

AlphaAsRuck

GCC-H with E3/5 license approach- with full implementation of SCCM/inTune and it is going to be costly, but very secure and very compliant.

Darkace911

This! Microsoft does not want you want onprem anymore. They want you fully in the embrace of Azure and O365 GCC High, plus you are going to fully pay for the ride and will not ever get off of it. All of their modeling for NIST and CMMC is heading to cloud only VDI style systems.

haklor

Most of the Fed Gov is either in GCC, GCC-H, or DoD cloud, giving them access to additional authentication and security features that enhance their capabilities. Each of those clouds meets a large range of federal compliance checks in order to operate at the various IL levels for that data processed. Security compliance is at the forefront of a lot of Microsoft strategy in dealing with the federal government. That NIST cert is not at risk.

CatApologist

Fuckin Morgan Stanley. You would think that after the dot com bust and the GCC they'd be able to spot a scam, but no.

linkukinku

yes, Saudi and other GCC producers are doing just fine. Yet with this cut, if oil prices fall more they will get absolutely crushed. The GCC producers have no other income other than oil and import everything else

RodBayer

The ‘Oil Demand is weak!’ Crowd is about to get a nasty surprise come mid-December when SPR, GCC & Russian bbls all drop off just as gas-to-oil switching ramps. It’s a cliff event & mkt is sleep-walking into a Supply Shock

Active_Piglet_7170

If ur from the GCC i can get you $50 through the referral program thing

delph_i

Very bullish on oil given the supply limitations in the long run. It is in OPEC+ best interest to keep oil at a rate where they can make hand over fist money as they (mainly Saudi and GCC transition to energy economy 2.0) HOWEVER what I worry about is a supply glut coming from US producers a la 2014 shale boom which drove the price into the ground as OPEC + Russia wanted to crush US competition. I’m not convinced that US producers are going to be restrictive in their supply (as previously indicated).

VisualMod

>BIDEN WANTS TO DISCUSS "ENERGY SECURITY" IN MEETING WITH GCC - KIRBY ^\*Walter ^Bloomberg ^[@DeItaone](http://twitter.com/DeItaone) ^at ^2022-07-07 ^13:37:11 ^EDT-0400

Private_Void

Thing is, these were the minutes of the last meeting, but since the have you looked at the price of commodities? GCC, DJP GSG, all significantly down. How long do you think before we start seeing dovish JPOW again? The markets have done his job for him, at least in the short term, and if he keeps the hawkish rhetoric going, he might have banks or pension funds to bail out. My guess is we're about to get a strong very rally soon.

Someone973

A place like UAE is safer than most parts of the world ,so I still don't get your point. Are you talking about crime rate ,or gov stability. Because the first is almost non existing. and for stability, its as stable as it gets ,and that's why there is a lot of westerners living permanently in such places . BTW there is no safe havens for a US citizen, so the US tax man will follow you abroad .at least in good countries like the GCC or Europe . Proof me wrong please .

beefstake

The only companies that have been able to keep delivering projects are those that have both the expertise available to redesign boards quickly to handle component shortages but also the software toolchains to be able to run on different MCUs easily. Tesla in particular did an awesome job of this the whole way through the pandemic. They ended up needing to be able to swap nearly every ECU out multiple times to keep production going. Having the EEs is one thing but you also need "the GCC guy" to make the software portable to all these different chips.

definitelynotabotact

Another example are countries of the GCC such as UAE, Qatar, Bahrain, etc The rich consume, and a whole underclass of poor (mainly from third world countries) are in a perpetual squeeze where they work ungodly hours at horrible wages, while forced to be grateful that they have a job because 10 others are ready to replace them.

Private_Void

All commodity ETFs (GCC, GSG, DJP, USO) are down over the last month, tomorrow's print will be better than expected, and we should gap up.

fakehatchback

in all seriousness we would no longer back their regime, support opposition, and start allying more with the other GCC countries to screw over SA. The current SA leadership doesnt have the agency/clout to separate from the US and survive.

Private_Void

I monitor commodities ETF/ETN GCC, GSG and DJP, and they are up about 8% on average over the last month. I too expect the CPI print to be higher than expected.

AmountEfficient3220

I disagree. The whole point of creating those countries is to keep a US (more of a western US-UK) presence in the middle east. The GCC countries and Saudi Arabia have minimal autonomy over their foreign affairs. I'm pretty sure you can't name one significant time they went against US interest, cause it never happened lol.

ZenInvestor12

Wow -- thanks for the writeup and I was definitely relying on my impressions/assumptions rather then hard data. Lesson learned and props to you. Indeed, the GCC countries, where the oil and gas is, totals about 1.6 trillion GDP. Guess I'll take my walk to behind Wendy's then...

chmod-007-bond

#ifdef GCC_VER == 4.8.2 blah blah blah #endif #ifdef GCC_VER == 6.2.0 same blah blah blah #endif #ifdef GCC_VER == 9.2.1 same blah blah blah not my job dot com what is a greater than symbol ? #endif I've seen that kind of crap way too much.

Cantos

worst is when some esoteric software only works on a specific version of GCC because the programmer forgot the > in the requirements.

bender9000

From the [SWVL website](https://www.swvl.com): > Swvl builds emerging markets' megacities a private mass-transit system that fills in the gap between broken public transportation and expensive on-demand services. > At Swvl we operate fixed/dynamic routes that deliver on affordability, reliability, convenience, and safety. Powering public transit and organizations' transportation programs in Egypt, Kenya, Pakistan, Jordan, and GCC.

ryntab

Think what holds Alibaba back is it’s ties to low-quality drop shipping. AND when it comes to picking your favorite corporate overlord for cloud infrastructure. Most will choose AWS of GCC…. In conclusion: Chinese Fud.

Bcron

There is a staggering amount of news coming in that would suggest a monster beat (google news 'CAICT phone shipments February', 'GCC iphone sales', for example), so I'm pretty sure a ton of this buying pressure is 'buy the rumor sell the news' action. I'd only trust a run up after earnings if I knew a lot of stuff that would indicate a beat, but the trend in price would indicate that nobody was anticipating a beat.

birdboix

lmfo my company joined IBT/GCC, you know, Hoffa's union, and our: wages skyrocketed, our insurance was guaranteed, and a proper hiring/firing process was installed. The "unions are more corrupt than any benefit they provide" is wildly untrue. The \~$350 I pay a year has paid for itself many times over.

Bcron

[iPhone sales up >50% Q/Q in GCC (Gulf) countries](https://www.idc.com/getdoc.jsp?containerId=prMETA47561821), between that and China posting >200% Y/Y phone sales in the month of Feb it's safe to say AAPL's going to have a pretty solid earnings in about 4 weeks

jr11_jay

Should I invest in an index fund now? I am 18 and have almost a $1000, should I put all this money in an index fund? I live in the GCC so I am not exactly sure what software to use, Etoro or plus 500. My goal is to leave this money untouched until I need it in the future. My question is, should I invest all of my money now or wait for the prices to go down?

infiltrat1701

i have some GCC and Pink kush also

heterodoxxed

Anything EV related could get pulled down if there's a market correction, just because they've popped so much in the past year. LIT could be great long term, although there is work to find better materials for EV batteries so that could always throw a wrench into it if something promising comes up. I'm looking at commodities that are even more boring and diversified like PDBC and GCC, maybe SLX and REMX. Haven't made any decisions yet, just trying to see if we're looking at a bear market, what can get me modest returns while I wait out the storm.

Omega_Trader

I believe Lucid is not only a RTO play, but also a mid-long term hold. -Their cars are nicer than Tesla (my own opinion) -The cars use universal chargers (so they won't have huge infrastructure costs for charging stations like Tesla) -Lucid has capacity for 400k production in the US alone, and are set to start manufacturing and delivering vehicles in Europe (incl. UK) and GCC over the next 2 years. -Current revenue is 350M but if they hit targets that could potentially hit 1B (I think a Bloomberg analyst quoted 2021 rev as near 950M) -The aren't trying to be a new Tesla - their business model, target clientele, and tech is different. Their tech is also more advanced than Tesla due to insane R&D spending money from Saudi Arabia investors. -I'm confident the deal will happen, maybe not tomorrow as some are suggesting (there is insane volume of $80 calls for 19/Feb) but certainly in the next few weeks. -This will take off - while you can't compare the price and valuation to the likes of Tesla, enough people will compare it and think that Lucid will become an 800B company (I'm not saying it won't, just remember it took Tesla over a decade to achieve that). There is plenty of positive sentiment. At the end of the day, Lucid has an incredible product and reputable brand, they have solid revenue which is expected to grow over 200% in 12 months, and they have an experienced and down-to-earth management and CEO leading them through it all. Obviously there is a potential for bias in my thinking as I was very fortunate to jump on the CCIV train very early on and the large gains I've experienced may have affected my objectivity so take what I say with a pinch of salt, do your own DD and form your own opinion and conviction. May you soon be visited by the tendieman!

shakenbake561

What do you mean return? They have bases all over the GCC