Authored by George Friedman and Jacob Shapiro via MauldinEconomics.com,
There’s no end in sight to slumping oil prices - good news for consumers but a dire development for major oil producers like Saudi Arabia and Russia. And now, rising US oil production and exports are contributing to the slump.
Vladimir Putin trolled the US on Thursday, when speaking in a live call-in show with the Russian nation, the Russian president likened Comey to Edward Snowden, who was granted asylum in Russia in 2013, and scoffed at James Comey's disclosure of his conversations with U.S. President Donald Trump, saying the move has made Comey eligible for political asylum in Russia.
Authored by Kevin Muir via The Macro Tourist blog,
After many months of fighting all the naysayers predicting the next big stock market crash, I am finally succumbing to the seductive story of the dark side, and getting negative on equities. I am often early, so maybe this means the rally is about to accelerate to the upside. I am willing to take that chance. It would be just like me to pound the table on the long side, and then abandon the trade right before it goes parabolic.
Is it going to be another May 17, when US stocks tumbled as concerns of a Trump impeachment over obstruction of justice and impeachment surged ahead of Comey's tetimony?
Overnight, S&P500 futures accelerated their decline following yesterday's WaPo report that Special Counsel Mueller has launched a probe into potential obstruction of justice by Trump...
Sen. John McCain must be pleased. US Marshals have arrested two Turkish men living in the US and charged them in the vicious beating of opponents of the Turkish regime who had been peacefully protesting outside the Turkish embassy in Washington last month.
The attack, which unfolded during a visit by President Recep Tayyip Erdogan last month, triggered outrage from the US media and from lawmakers, including McCain, who condemned the attackers, warning that they should “get the hell out” of the US if they didn’t know how to follow its laws.