Europe

Is Trump Already Finished?

Paul Craig Roberts

It did not take long before we knew there was no hope of change from President Obama. But at least he went into his inauguration with an unprecedented number of Americans on the Mall showing their support for the President of Change. Hope was abundant.

But with Trump, we are already losing faith, if not yet with him, at least with his choice of those who comprise his government even before Trump is inaugurated.

In late December, we explained why of all Trump economic proposals , the "border tax adjustment", while most controversial, could have the biggest impact on US assets.

Update: Unsurprisingly, Renault has denied the charges, and claims it has had no official notification of the investigation...

Renault hasn’t been officially notified about the French diesel probe, a spokesman said by phone.

 

Renault isn’t using software to cheat on emissions, the spokesman said

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While the mainstream media intrigues with a fallacious and treacherous story about President-elect Donald Trump, thousands of US tanks, armoured vehicles and troops continue to pour into Europe by the hour. The story put together by a security company belonging to a British ex-MI6 operative portrays Trump as a sexually deviant blackmailed Russian double agent. A disturbing report from the Foreign Intelligence Service (SVR) of the Russian Federation warns of a plot by the U.S.

European shares rose as Fiat rebounded on hopes concerns about parallel to Volkswagen are overblown, Asian stocks were little as Chinese shares fell to the lowest level of 2017 after poor export data, and U.S. equity-index futures rose ahead of a deluge of bank earnings. The dollar is headed for a weekly loss and gold trades at the highest price in almost two months.