United States

Donald Trump says he is “thinking seriously” about moving the American embassy in Israel from Tel Aviv to Jerusalem al-Quds. In an interview with Israeli newspaper Israel Hayom on Friday, the US president said that he is studying the relocation plan, stressing it is not an easy decision to make. There are fears that such a move could spark renewed violence in Israel and the Muslim world, and risks showing the US is no longer interested in pursuing a two-state solution. The holy city is contested by the Palestinians and Israel, who both claim it as their capital.

EIA confirmation of OPEC cut-compliance is trumping the dismal inventory data and surging US production for now. However, as US oil rig counts continue to rise (+8 to 591 - highest since Oct 2015) with US crude production charging ahead with it, the question many should be asking (given all-time record high net long speculative positioning in WTI/Brent) is "what will OPEC do if the market doesn't rebalance?"

Russian President Vladimir Putin thanked Slovenia on Friday for offering to host his first meeting with U.S. President Donald Trump, saying he is ready to meet his American counterpart, Donald Trump, however added that the prospect of such a meeting hinges on Washington. "It depends not only on us, but we are naturally ready for it," he said. The Russian leader hailed Slovenia, where Trump's wife Melania was born and grew up, as an "excellent" venue for possible talks with Trump.

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The West Will Become The New ‘Third World’: PricewaterhouseCoopers

Written by Jeff Nielson (CLICK HERE FOR ORIGINAL)

First World

Twice in one week.

Just days after ECB president Mario Draghi (and other Europeans) suggested that Trump's proposed deregulation has "sown the seeds of the next financial crisis", when he told the European Parliament that "the last thing we need at this point in time is the relaxation of regulation. The idea of repeating the conditions that were in place before the crisis is something that is very worrisome", clearly ignoring that one of the biggest timebombs facing the world is his own balance sheet...