Following a woefully belated response by California authorities' to the dangerous situation unfolding at the Lake Oroville Dam in Northern California over the weekend, an evacuation order forcing some 200,000 people living below the tallest dam in the US remained in place early on Monday after residents were abruptly told to flee when a spillway appeared in danger of collapse.
European and Asian stocks, S&P futures, bond yields, the dollar and commodity metals are rose, in some cases making new all time highs, lifted by the latest reemergence of the "Trump trades" as hopeful investors once again bet that the U.S. president's tax reform plans will boost economic growth and corporate profits, despite another warning from Goldman that the president's fiscal plan is about to be derailed.
Submitted by George Friedman via MauldinEconomics.com,
Donald Trump deeply upset the Europeans when he raised the possibility that NATO is obsolete and that the European Union is failing.
But this isn’t the first time these issues have been discussed. I wrote about it last year, and the conversation has only continued.
What Trump has done is simply bring into the open the question of Europe’s relationship with the US.
The missions and motives of NATO and the EU
In what some might call a 'win' for President Trump, Canadian immigration officials warn they are experiencing a "big surge [of refugees] coming across the border" with many of them proclaiming their distrust and fear of President Trump.
Sherali and Sarah Shah took in three asylum seekers who had been trying to get into Canada through the Emerson, Man., border Tuesday.
Top White House aide and policy adviser, Stephen Miller, sidestepped repeated chances during Sunday news shows to publicly defend embattled National Security Adviser Michael Flynn following reports that he engaged in conversations with Russian diplomat(s) about U.S. sanctions before Trump’s inauguration. The uncertainty came as Trump was dealing with North Korea’s apparent first missile launch of the year and his presidency, along with visits this week from the leaders of Israel and Canada.