Russian President Vladimir Putin has not yet formally declared his intention to seek another term as leader of Russia, but many observers noted that a sweeping speech he gave at the Valdai Discussion Club in Sochi this week served as a template for his campaign ahead of the March election.
Authored by Zainab Calcuttawala via OilPrice.com,
Together, Russia and Saudi Arabia produce a fourth of the world’s oil. The laws of competitive international commodity trading have pit the two petrostates on opposite poles of the U.S.-Russia geopolitical rivalry. But a new era of American oil exports and ailing national budgets is pulling Moscow and Riyadh together in trying financial times.
Update: Reuters reports a White House spokesperson confirms Yellen is at The White House for lunch with Gary Cohn - nothing out of the ordinary.
Yellen odds fell back to 24% from 30%.
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You know it's a quiet day when...
Gold is up, USDJPY down, TSY yields tumble after reports that Janet Yellen is back at The White House following her 30 minute meeting with President Trump yesterday...
Bloomberg reports:
If President Trump or anyone even remotely close to his presidency, including his best friend from 2nd grade that he hadn't seen in 40 years, sought to meet with key Russian nuclear officials, in Moscow, just months before the federal government approved a very controversial deal handing Vladimir Putin 20% of U.S. uranium reserves, despite an ongoing investigation into Russian fraud, bribery, extortion and money laundering, it would be the only story played on a 24 x 7 loop on CNN and MSNBC.
In a new interview with host Jesse Ventura at RT, former presidential candidate and House of Representatives Member Ron Paul discusses the harm imposed on the American economy by the succession of US wars over the last few decades, from the Korean War onward, that drain money away from prosperity-building activities in America.
“Just think if all the money we have spent overseas since World War II ended, if that money had been left in this country to let wealth grow,” proposes Paul.