United States

Following angry tweets all day from President Trump, the U.S. Justice Department filed notice Saturday evening of a formal notice of appeal of a Seattle judge’s temporary restraining order which put the administration's immigration order on hold. The notice followed a statement by the DHS to comply with Friday night’s court ruling by reverting to immigration procedures in place before the Jan. 27 executive order on immigration, and by the State Department to reverse the provisional revocation of about 60,000 visas.

Submitted by Duane via Free Market Shooter blog,

Plenty of mainstream media outlets have been critical of the Trump executive orders regarding immigration and “vetting” of refugees.  There are too many to list, but I will use an excerpt from a U.S. News article to drive the general point home:

Having earlier slammed the "so-called" judge's decision to put a temporary nationwide ban on his immigration executive order, it appears President Trump is doubling down against the judicial decision...

What is our country coming to when a judge can halt a Homeland Security travel ban and anyone, even with bad intentions, can come into U.S.?

— Donald J. Trump (@realDonaldTrump) February 4, 2017

Less than a week after Bridgewater's Ray Dalio flip-flopped in his support of Donald Trump, going from vocally praising the billionaire's vision for the US, to becoming "increasingly concerned about the emerging policies of the Trump administration" because "there is significant risk that his populist policies could hurt the world economy (and worse)," it was Goldman's turn to dramatically sour on Trump's economic policies, and as the bank's chief economist, who previously just like Dalio was ecstatic about the economic growth prospects under President Trump, warned in a Friday night note t

Ever get the feeling that the market has become frustratingly fast in responding to new information, with violent swings in either direction coming ever faster even if ultimately the "BTFD" mentality always seems to prevail? Well, it's a fact.