Wall Street voted: Russiagate is over
If you listen to late-night comedians the Mueller testimony was a huge success, but they are preaching to a shrinking and increasingly isolated choir.
Wall Street voted on the Mueller testimony as well, and they voted in the only way they know how - with cash.
On the day Mueller testified before Congress about his 400-plus page report about the Trump campaign and the Russians, the VanEck Russia (RSX) exchange-traded fund had already been dumped the night before—going from a trading volume of over 6 million shares to 4.2 million on Wednesday. By Friday, RSX volume rose to 5.5 million shares, hitting $23.64 per share.
...“The conclusion of the Mueller investigation reduces the urgency for the U.S. Congress to impose additional sanctions on Russia,” says Federico Kaune, head of emerging-markets fixed income at UBS Asset Management. Kaune warns that Russian ruble valuations are stretched now that investors doubt deeper sanctions.Year-to-date, Russia is the hottest-performing emerging market. The VanEck ETF is up 26% while No. 2 Brazil is up 18.9% and the MSCI Emerging Markets benchmark is up 9.3%.
Putin's stock market
Not only does Moscow have one of the hottest stock markets in the world, it's expected to rise another 25% in the coming year. Russian corporate profits are at a three-year high, while the Bank of Russia reducing interest rates because inflation is not a factor.
Now Congress could always impose more sanctions on Russia out of spite or another round of false hacking stories, but consider the example of America's embargo on Russian weapons. How effective has that been?
Russia's arms industry has become the second-largest in the world, knocking the UK into third place, according to a new report by the Stockholm International Peace Research Institute (SIPRI).
Russian companies in the SIPRI Top 100, an index of the largest arms-producing and military services companies in the world, made 9.5% of total arms sales in 2017.
The SIPRI Top 100 contains 10 Russian companies that increased arms sales by a collective 8.5% in 2017 to $37.7 billion.

Comments
Judging from the the state of the country...
looks like the rats have decided to jump ship. Something tells me that some day we'll be hearing about how the awful Americans tortured the poor martyrs Epstein and Clinton, who only gave the Americans what they wanted...
I'm not making accusations. Just saying that certain things tend to get smeared certain ways when you want to make something somebody's fault. Especially when you want to make yourself look good.
[video:https://www.youtube.com/watch?v=u3NAsnedf9I]
I do not pretend I know what I do not know.
Cui Bono from Russia Gate?
Easy. The corporations and the rich. Of course. We knew that was one reason why democrats focused on it since Her lost the easiest election in history to a game show host and and failed real estate mongrel.
Browsing the wreck list a few years ago and you'd see lots of diaries on important issues that affect people's lives. But now? Russia Gate. Mueller has Trump over a barrel. Trump Trump Trump Trump. And other topics related to Trump's presidency, but not so much other issues that are more important like wars, climate change, and lots of other issues that we have covered here. And the biggest cheerleader for distracting people is Rachel Russian Madcow. I remember a time when Rachel would be talking non stop about the injustice being done to Julian Assange. The kids are very happy at what's happening to him because they think he worked with Putin to keep Her out of the WH. Never mind that he isn't being charged for that. And Chelsea and Snowden? Nary a word. Of course Snowden won't talk about Russia because he too is Putin's puppet. Even though it was Obama that stuck him in Russia as he was trying to get somewhere else.
Lots of cui Bono..
Oops sorry I got distracted by my rant. People who buy into Russia Gate say that Putin wants to sow discord in this country by getting Trump to do his bidding. By placing those ads that emphasized the BLM and today I learned that Trump fired Coates because Vlad told him to. Gee..I wonder why Vlad took so long to decide that he should go?
But their biggest thing is that Russian interference destroyed our democracy and its process. How in the world could Russia have made it worse? Gerrymandering. Long voting lines. Voting machines that are easily hacked. Super delegates and the DNC admitting that they can override the voters and choose whomever they want. But Russia...right?
Here in the USA arming and funding Israeli genocide and mass murder is perfectly OK, but objecting to it will get you expelled, arrested or deported.
Oh yeah cui bono
How many websites have been banned from Farcebook, Twitler and Goggled since Russia Gate started? Think that the police haven't been wanting any excuse to get Cop Watch off the Internet? Why? Because they were holding cops accountable for their murderous ways. The Atlantic Council joined with FB to decide who should be censured because they were telling us the truth about the PTB.
This is a good article that you might enjoy reading the whole thing.
Here in the USA arming and funding Israeli genocide and mass murder is perfectly OK, but objecting to it will get you expelled, arrested or deported.
And oil companies?
Those sanctions on oil and gas, who profits from them, eh?
I've seen lots of changes. What doesn't change is people. Same old hairless apes.
The only oil companies that are sanctioned
...are NOCs — nationalized oil companies that are owned by the people and not by the cartel of private corporations. Profits benefit social programs rather than shareholders. The neoliberal regime considered this to be a crime against capitalism, punishable by economic and physical destruction of the nation and its people. Cuba, Venezuela, Libya, Syria, Iraq, Iran, Yemen, Vietnam, and every country the US attacks and destroys all have this in common.
This is what we have been fighting over
since 1918, whether labor and social democracy shall have any ownership or benefit from the exploitation of resources. Syria, Libya, and Iran are not social democracies, and they are definitely not Norway, but they had nationalized their resources to an extent, and that extent was too much for Chevron and the Saudi royals. Saudi Arabia didn't attack Assad because he is a terrible dictator. They attacked him because he's too democratic!
The Third World is not Poor. The Third World is Rich in Resources. The People of the Third World are Poor. And they are Poor at the point of a gun. Those guns are provided either directly or through loan guarantees by the American taxpayer.
Those who accuse Trump of being Putin's puppet are
intentionally or unintentionally using misdirection. His actual puppet masters are Adelson and Netanyahu.