1 - Saudi
It looks as if US President Trump is trying to support the narrative that the Khashoggi assassination was a rogue interrogation gone wrong, allowing the Saudi government to escape sanction. But condemnation is so widespread, it's unclear if this ploy will work.
As I have said before, Trump is an amoral person who tends to do what is expedient rather than following a moral compass. So, his fecklessness here is not unexpected. But, Trump's tack makes the likelihood of an escalation much lower. The black swan of $200 oil is unlikely to happen. And for Trump, this is critical, as he needs the Saudis because of the sanctions he has already put onto Iran.
Trump joins Saudi Arabia’s Khashoggi coverup
On Monday morning, Trump held a 20-minute phone call with the Saudi king and then parr...
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Edward Harrison is the founder of Credit Writedowns and a former career diplomat, investment banker and technology executive with over twenty five years of business experience. He has also been a regular economic and financial commentator in print and on television for the past decade. He speaks six languages and reads another five, skills he uses to provide a more global perspective. Edward holds an MBA in Finance from Columbia University and a BA in Economics from Dartmouth College.