Donald Trump has lashed out at Republican Senators John McCain and Lindsey Graham for criticizing his executive order placing a temporary travel ban on seven Muslim majority countries. Trump said that Senators John McCain and Lindsey Graham “always” look to start World War three. …Senators should focus their energies on ISIS, illegal immigration and border security instead of always looking to start World War III. — Donald J.
Another Goldman Sachs Administration?
Nomi Prins says that based on the past history of Goldman Sachs executives in public service, President Trump’s appointment of Goldman Sachs alumni Steven Mnuchin and Gary Cohn means that the one percent of the one percent will continue to feast on the rest of us.
The Goldman Sachs Effect
How a Bank Conquered Washington
By Nomi Prins
It appears America's 'strong dollar policy' is over. President Trump just commented that "other countries take advantage of America by devaluation," and then Trump directly named China and Japan as "planning money markets," presumably implying manipulation.
And the reaction in the dollar is clear...
Erasing all the post-ECB, post-Fed gains...
The Dollar Index has broken a key trendline...
Last night, Nancy Pelosi and "Fake Tears Chuck Schumer" held a protest at the Supreme Court over Trump's recent immigration ban which has sparked mass protests around the country and ultimately led to the firing of the acting Attorney General Sally Yates last night.
Unfortunately, there were some logistical issues with the protest which Trump has seized upon this morning via Twitter:
The Trump administration just fired the first shot in the US-European currency, and thus trade, wars when Trump's top trade advisor Peter Navarro accused Germany of using a “grossly undervalued” euro to "exploit the US and its EU partners", the FT reported noting the comments are "likely to trigger alarm in Europe’s largest economy." News of the statement sent the EURUSD surging and the dollar tumbling to fresh 2 month lows.