by Bill Holter, Miles Franklin:
Global equity markets rallied and were reassured after President Obama decreed sanctions on Russia because they were seen as “weak” or soft sanctions. Mr. Putin has been seen by the markets as “satisfied” by annexing Crimea and that no further push into Ukraine will be undertaken (good luck on this one as oil and gas are involved). Meanwhile, Israel has also used the word “weak” in describing U.S. negotiating skills over Iran’s nuclear program and Syria. The phrase used was “projecting weakness.” The portrayal of weakness was underscored by Drudge Report as they had a main headline yesterday that said the Russians were calling President Obama “a prankster” by sanctioning 11 individuals (7 Russian and 4 Ukrainians).
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