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Furious Qatar Balks At Saudi Ultimatum As UAE Warns Of "Parting Of Ways"

Furious Qatar Balks At Saudi Ultimatum As UAE Warns Of "Parting Of Ways"

One day after Saudi Arabia and its Gulf ally states finally released a long-awaited, 10-day ultimatum containing 13 demands from Qatar as a precondition for the resumption of diplomatic ties and an end of Qatar's economic and naval blockade, the small Gulf nation balked and said the ultimatum is neither "reasonable" nor "realistic", and infringes on its sovereignty and foreign policy. 

US-China Agree On Need For "Complete, Irreversible" Korean Denuclearization

US-China Agree On Need For "Complete, Irreversible" Korean Denuclearization

After terse public exchanges this week, each proclaiming the other is not working hard enough on 'solving' the Kim Jong Un 'situation', Chinese state media said on Saturday, reporting the results of high level talks in Washington this week, that China and the United States agreed that efforts to denuclearize the Korean Peninsula should be "complete, verifiable and irreversible."

Goldman Finds Most Modern Recessions Were Caused By The Fed

Goldman Finds Most Modern Recessions Were Caused By The Fed

One week ago, Deutsche Bank issued a loud warning that as a result of the aging of the current economic expansion, now the third longest in history at 32 quarters, if with the lowest average growth rate of just 2%...

.... coupled with the collapse in the yield curve...

... and the risk that the Fed could fall behind the inflationary curve as a result of near record low unemployment (assuming the Phillips urve still works which it doesn't)...

... the risk is growing that the Fed could hike rates right into a recession that it itself causes:

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