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Monday, 27 February 10:46 (GMT -05:00)



Business And Politics News

Trump’s Victory Won’t Bring Russia Any Good, Expert Says


According to Steen Jacobsen, chief economist for Saxo Bank, Donald Trump’s victory doesn’t necessarily mean that the Russian economy is going to benefit from that.

 

 

 

 
Mr. Jacobsen assumes that those who say that Donald Trump’s victory is a nightmare for America are completely wrong. His victory showed an urgent necessity of radical changes in the USA. Today, the USA is living in a world with the lowest labor productivity, the highest social inequality, the lowest interest rates and inflation, and the most inflated stock market in history.
If the latest U.S. presidential election had been all about candidates' personalities, and politics, neither Donald Trump, nor Hillary Clinton would have managed to become even candidates.
 

 

Frankly speaking, it’s not Donald Trump who won the election, it’s just his opponent Hillary Clinton who lost it. The thing is that most Americans saw Hillary Clinton as the candidate who would have continued Obama’s policies if she had won the election. She was seen as the living picture of the U.S. political elite. That’s why the Americans voted for changes. That was the key reason why they let Donald Trump win. 

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You can definitely say that these are not the best changes possible. However, Mr. Jacobsen assumes that Trump’s victory may well bring positive changes since this unexpected event made it possible to change the situation with ultra-low interest rates, as well as the economic policy, and to improve the labor productivity and so on.  Now it seems to be the right time for economists and businessmen to take the lead and be in charge of the country instead of politicians. That’s why Mr. Jacobsen feels more optimistic than 13 years ago. Today’s situation is worse than back then, which is why there is only one way, and this way is to a better future. Simply put, the electorate decided to risk this time and choose a Republican instead of seeing another Democrat as the 45th U.S. President.
 
As for emerging economies, they are seeing tough times, the expert says. Given the existing uncertainty and volatility, investors are likely to reduce exposure and even quit risky investments since the U.S. Dollar now looks more reliable than Brazilian, or Russian assets. Consequently, the American national currency is likely going to get stronger in the near future.

On the other hand, the Dollar cannot stay strong for a long period. This means that in 2017, the USA will face the challenge associated with economic growth. Most likely, this is going to happen within the first 100 days of Mr. Trump’s presidency. The U.S. economy is on the verge of falling into recession. If that’s the case, the U.S. economy will definitely drag the entire global economy into the same recession as well since the USA is still number one economy in the world.
 

 

As for Russia, the USA may cancel the sanctions against Russia since Donald Trump treats Russia as a potential partner rather than an enemy. If that’s the case, this is going to definitely have positive impact on the Russian economy. Still, it’s too premature to say that Russia will benefit from Trump’s presidency.  In particular, Saxo Bank anticipates a stagnating Russian economy, with a still weak national currency around 58-60 rubles per dollar. 

 

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Trump’s Statements on Crimea Shocked Moscow

One of the key political news of the last few weeks is an unexpected turn in President Trump's rhetoric. He says that the USA is not going to cancel the anti-Russian sanctions unless Russia gives the Crimea back to Ukraine and starts deescalating the conflict in Donbass. This statement seems to be the opposite one to those he made previously when saying he wanted to make friends with Putting if possible. This statement was made by Sean Spicer, the White House Press Secretary and Communications Director for U.S. President Donald Trump.

Publication date: 24 February 05:10 AM

USA's Ultimatum to NATO: Spend More on Defense

The USA doesn’t seem to want to quit the NATO. However, they are fed up with financing the lion’s share of the alliance.
 
The Pentagon’s ultimatum to the rest of the NATO says:  Either you start spending more money on defense or we start reconsidering our participation in the alliance.
Publication date: 21 February 07:21 AM

Russia Captured the Crimea Because of Obama's Indecisiveness, Trump Says

Donald Trump keeps on making Russia unpleasantly surprised. If a couple of months ago they used to welcome Trump’s victory and hope to make friends with the USA, now they start thinking that maybe Hillary Clinton could have become a better option for Russia as the U.S. President.

 

 
Publication date: 21 February 06:35 AM

Fed Chair Janet Yellen Says Delaying Interest Rate Hikes Is Unwise

According to the Chair of the Federal Reserve, it would be unwise to keep on delaying interest rate hikes. The other day, Janet Yellen told the Board of Directors of the Federal Reserve that they might consider another interest rate hike during the forthcoming FOMC meeting.
 
Publication date: 20 February 11:25 AM

The Guardian Questions Relations Between Trump and Putin

According to a number of political observers, including those working for The Guardian, the relation between the USA and Russia has been begging many questions ever since Donald Trump moved to the White House.

 

 
Publication date: 20 February 05:21 AM

New Secretary of the Treasury Says No to Canceling Sanctions against Russia

Even despite the fact that Donald trump unexpectedly become the 45th President of the United States, and he seems to be more loyal to Russia than any U.S. leader over the last couple of decades, Russia has still been failing to find a common language with the USA.
 

 

Donald Trump started his presidency with unpopular decisions. Some of his policies are not welcomed by politicians from both parties, not to mention mass media, secret services and millions of U.S. citizens. Maybe Putin was hoping that Trump would start helping Russia implementing its imperial ambitions despite the public discontent in the USA. But those hopes now seem to be broken. The sanctions will stay effective until Russia gives the Crimea back to Ukraine. That’s the standpoint put forward by Trump’s administration.
Publication date: 20 February 12:03 AM

Trump Leaves Putin Without Key “Trump”

The dialog between Vladimir Putin and Donald Trump is following an unexpected scenario. It’s unexpected for Moscow. The Kremlin seems to have lost their key “trump” card in the talks with Washington.

 

 
According to some military experts, even the most unbiased Russian media ignored a sensational statement published by Reuters. To be more specific, Reuters claimed that during the recent phone call to Washington, Putin told Trump that he was ready to discuss the possibility of extending the agreement to cut nuclear arms. The agreement was signed in 2010 in Prague and will expire in 2020.
Publication date: 19 February 03:22 PM

Trump Wants Big Deal with Russia. What May Come out of It?

It’s seems like Donald Trump doesn’t mind creating some kind of an alliance with Vladimir Putin. Is so, can he succeed or will he become another U.S. president fooled by Putin. This is the question a number of international experts are trying to answer.
 

 

For now, the details of the plan are vague. The current ambiguity existing among the representatives of Trump’s administration hints at this fact. Even when the USA's Permanent Representative to the United Nations demanded for the condemnation of Russia’s aggression in Ukraine, Donald Trump seemed to still have some hope for making friends with Putin. At the same time, he wouldn’t dare say something like ‘the USA is as blood-thirsty as Russia’.
Publication date: 19 February 01:48 PM

Scotland Is Against Brexit

The House of Commons of the British Parliament decided that Prime Minister Theresa May should fulfil the people’s will expressed during the Brexit referendum in summer 2016 and launch the Brexit procedure to quit the European Union. This means that the British government is allowed to start the negotiation with Brussels over the terms and conditions quitting the European Union for good.
 
Publication date: 19 February 05:22 AM

Senate Prepares a Draft Law Forbidding to Cancel Anti-Russian Sanctions

Several members of the U.S. Senate led by ben Cardin and Lindsey Gram prepared a draft law designed so as to make the White House provide the Congress with a detailed explanation if at some point in the future the U.S. Presidents decided to cancel the sanctions imposed on Russia. On top of that, 120 days after the explanation is provided, the Congress will decide whether to support this initiative.
 
Publication date: 16 February 12:16 PM