Authored by Christof Gisiger via Finanz Und Wirtschaft,
Raghuram Rajan, Professor of Finance at the University of Chicago and former governor of the Reserve Bank of India, warns of more turmoil ahead if the developed world fails to adapt to the fundamental forces of global change.
Is That Armageddon Over The Horizon?
Paul Craig Roberts
The insouciance of the Western world is extraordinary. It is not only Americans who permit themselves to be brainwashed by CNN, MSNBC, NPR, the New York Times and Washington Post, but also their counterparts in Europe, Canada, Australia, and Japan, who rely on the war propaganda machine that poses as a media. http://www.bbc.com/news/world-us-canada-39573526
WTI/RBOB prices slipped ahead of DOE data as Canada's growth outlook cut trumped Saudi Arabia's wishy-washy chatter on production cuts. DOE data confirmed the biggest crude draw of 2017 (-2.16mm) and gasopline and distilates saw the 8th week in a row of drawdowns but Cushing's 276k build pushed it to a new record high as US crude production rose once again to its highest sine August 2015.
API
Trust between Russia and the US has collapsed under the Trump administration, Russian President Vladimir Putin stated on Wednesday, as Moscow delivered an unusually frigid if not hostile reception to Secretary of State Rex Tillerson in a face-off over Syria, shortly after Putin said the recent chemical attack was a staged "false flag" and predicted that more are coming, while at the same time the US accused Russia of a gas attack "cover up."