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Saudis Plan $40 Billion US Investment To "Cement Ties With Trump"

Saudis Plan $40 Billion US Investment To "Cement Ties With Trump"

Having gone all-in on a Hillary Clinton victory ahead of the elections, Saudi Arabia has quickly pivoted in its "appreciation" of the Trump administration, and having realized that the fastest way to Trump's heart is through the US Treasury's bank account, it is preparing to invest an "unprecedented" amount of money in the US. According to Bloomberg, the Kingdom’s sovereign wealth fund will announce plans to "deploy as much as $40 billion into U.S. infrastructure." The investment will likely be unveiled as early as next week when Trump is scheduled to visit the kingdom.

The Last Time Greece Did This, Its Stock Market Crashed 70%

The Last Time Greece Did This, Its Stock Market Crashed 70%

It was April 2014 and global equity markets were breathing a sigh of relief as Greece just returned to the international bond markets "proof that the country was recovering from the crisis." 18 months later, Greek stocks had crashed 70%, yields had exploded and bailout 3 (or 4) was necessary. Whichbrings us to today... WSJ reports that Greece Eyes Bond Sale Amid Optimism Over Debt Deal.

Here is the Boston Globe from April 11 2014:

"You Look Remarkably Calm For Someone Who Issues €2.5 Trillion Out Of Thin Air" - Dutch Politician To Draghi

"You Look Remarkably Calm For Someone Who Issues €2.5 Trillion Out Of Thin Air" - Dutch Politician To Draghi

Used to a fawning press corps and clueless politicians, perhaps Mario Draghi was expecting a warm greeting, a series of softball questions from Dutch lawmakers, and some late night entertainment on Wednesday when the ECB president made a rare visit to the Hague.

Deputy AG Presses White House To "Correct" Comey Narrative: WSJ

Deputy AG Presses White House To "Correct" Comey Narrative: WSJ

With the narrative of how the Comey firing went down in constant flux (The White House and President Trump contradicting each other), WSJ reports that Deputy Attorney General Rod Rosenstein pressed White House counsel Don McGahn to correct what he felt was an inaccurate White House depiction of the events surrounding FBI Director James Comey’s firing, according to a person familiar with the conversation.

If you're confused - we don't blame you. Here is how this has played out... we think.

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