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Stop Calling the Saudis Our ‘Allies’

Emma Ashford rejects the idea that Saudi Arabia is a “good ally” for the U.S.:

These tensions reflect a basic reality: Saudi Arabia may once have been a good ally, but today the relationship is toxic. Saudi actions are more often negative for U.S. policy objectives than positive. Rather than repairing the relationship, U.S. policymakers should reduce support for Saudi Arabia’s regional agenda.

US Plan To Deploy More Troops To Syria Will Worsen Crisis Iran Warns

As Iran pledges to continue support for the Syrian government, they have also warned that a US plan to deploy more troops to Syria will worsen the crisis. The Iranian Foreign Ministry said on Monday: “We have announced from the start of the Syria crisis that any foreign intervention in Syria without coordination with its government will further escalate the crisis“ Press TV reports: President Barack Obama will announce plans on Monday to send up to 250 more military personnel to the war-torn country, US administration officials have said.

America Unbound

America Unbound

Last night I listened to this hourlong talk, with Q&A, by Andrew Bacevich, about his new book America’s War For The Greater Middle East: A Military History. It’s worth your time. Here, in a Politico essay from earlier this month, Bacevich lays out his thesis. Excerpt:

Frontrunning: April 25

  • Obama sending more forces to Syria to consolidate gains against Islamic State (Reuters)
  • Global stocks, dollar stumble ahead of Fed, BOJ meetings (Reuters)
  • The Rise and Deadly Fall of Islamic State’s Oil Tycoon (WSJ)
  • Oil Producers Lock In Once-Snubbed Prices (WSJ)
  • Yellen's Scope for Summer Rate Hike Widens as ECB Signals a Hold (BBG)
  • 11,000 jobs at risk as BHS teeters on brink (The Times)
  • China's Xi Shakes Up Rival Power Base Before Party Reshuffle (BBG)
  • As Bond Yields Rise, Some Investors Fear Another False Dawn (WSJ)

Futures Rebound Off Lows Following Chinese Intervention; Oil Dips Ahead Of Fed, BOJ

Futures Rebound Off Lows Following Chinese Intervention; Oil Dips Ahead Of Fed, BOJ

Ahead of two key central banks events this week, the Fed announcement on Wednesday - in which Yellen is expected to do nothing and most likely will continue the dovish relent first seen a month ago - and then the BOJ on Thursday (which also mark the anniversary of the second longest and most artificial bull market in history) where Kuroda is increasingly expected to shock with something even more ridiculous, global shares have fallen modestly around the world as oil declined on signs a global surplus of crude is likely to persist.

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