Thursday , May 2 2024
Home / Mike Norman Economics / Toi Staff – Trump: Israel would be in big trouble without Saudi Arabia

Toi Staff – Trump: Israel would be in big trouble without Saudi Arabia

Summary:
Defending stance on Khashoggi killing, US president suggests that without Washington’s ‘strong ally’ Riyadh, Israel would be forced ‘to leave’ region I guess the 0 billion arms sales swings it?  “The fact is that Saudi Arabia is tremendously helpful in the Middle East, if we didn’t have Saudi Arabia we wouldn’t have a big base, we wouldn’t have any reason probably…” Trump said, without finishing the sentence Critics in Congress and high-ranking officials in other countries have accused Trump of ignoring human rights and giving Saudi Arabia a pass for economic reasons, including its influence on the world oil market. Noting that Saudi Arabia helps keep oil prices down, Trump on Thursday argued that almost no country is without its faults. “If we go by a certain standard we

Topics:
Mike Norman considers the following as important:

This could be interesting, too:

NewDealdemocrat writes March JOLTS report: declines in everything, fortunately including layoffs

NewDealdemocrat writes Manufacturing treads water in April, while real construction spending turned down in March (UPDATE: and heavy truck sales weren’t so great either)

Eric Kramer writes Eric Segall tells us what he really thinks about the Roberts court

Angry Bear writes Supreme Court watchers mollified themselves (and others) with vague promises 

Defending stance on Khashoggi killing, US president suggests that without Washington’s ‘strong ally’ Riyadh, Israel would be forced ‘to leave’ region


I guess the $100 billion arms sales swings it? 

“The fact is that Saudi Arabia is tremendously helpful in the Middle East, if we didn’t have Saudi Arabia we wouldn’t have a big base, we wouldn’t have any reason probably…” Trump said, without finishing the sentence

Critics in Congress and high-ranking officials in other countries have accused Trump of ignoring human rights and giving Saudi Arabia a pass for economic reasons, including its influence on the world oil market.
Noting that Saudi Arabia helps keep oil prices down, Trump on Thursday argued that almost no country is without its faults.
“If we go by a certain standard we won’t be able to have allies with almost any country,” he said.
Citing vehement denials by the Saudi crown prince and king that they were involved in Khashoggi’s killing, which he termed “an atrocity,” Trump said, “maybe the world should be held accountable because the world is a vicious place. The world is a very, very vicious place.”
The Times of Israel 
Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

Leave a Reply

Your email address will not be published. Required fields are marked *