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The Trump Presidency: RIP

The Trump Presidency: RIP

Paul Craig Roberts

Has Donald Trump overestimated his presidential power? The answer is yes.

Is Steve Bannon, Trump’s main advisor, politically inexperienced? The answer is yes.

We can conclude from the answers to these two questions that Trump is in over his head and will pay a big price.

How large will the price be?

The New York Times reports that US “intelligence agencies…sought to learn whether the Trump campaign was colluding with the Russians on the hacking or other efforts to influence the election.”

Global Stocks Hit 21 Month Highs, Futures Point To New Record Ahead Of Inflation Data

The global "risk on" melt-up continues.

After a modestly hawkish Yellen warned that every meeting is live, and refused to take March off the table, sending the dollar and yield higher and the S&P to fresh record highs, world stocks rose hitting a 21-month high on Wednesday with the dollar rising for the 11th straight day, the longest positive streak since July 2015.

Trump Security Team "In Turmoil" After Flynn Resignation, Russia Calls It An "Internal Matter"

Trump Security Team "In Turmoil" After Flynn Resignation, Russia Calls It An "Internal Matter"

Less than a month into the new administration, President Trump security team has been plunged into "turmoil" following last night's unexpected resignation announcement by his now former National Security Advisor Mike Flynn. In some additional back story color, Flynn reportedly infuriated VP Pence by misleading him about the call, then not fully apologizing, the NYT reported and also added that Steve Bannon pushed for his resignation since Friday.

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