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Russia’s Defense Ministry said that President Vladimir V. Putin had ordered an exercise for missile, aviation and naval personnel to “increase the readiness of nonstrategic nuclear forces to carry out combat missions.”

“If we must sell nonstrategic assets, then we’ll do that.”

“Deployment of nonstrategic nuclear weapons is an effective response to the aggressive policy of countries unfriendly to us,” Belarusian Defense Minister Viktor Khrenin said in Minsk at a meeting with his Russian counterpart, Sergei Shoigu.

“Deployment of nonstrategic nuclear weapons is an effective response to the aggressive policy of countries unfriendly to us,” Belarusian Defense Minister Viktor Khrenin said in Minsk during a meeting with his Russian counterpart, Sergei Shoigu.

Nonstrategic ambiguity could land the U.S. financial system in the worst of all worlds: continued deposit flight from more risk-averse customers who crave more certainty than Yellen et al. are currently offering; and moral hazard on the part of bank managers, who interpret the administration’s wink-and-nod, non-guarantee guarantee as a green light to gamble in pursuit of greater profits.