White House

It appears Goldman and the Globalist gang in The White House may have less power and influence than assumed in the absence of Steve Bannon. In what could be one of the most comprehensive (and easily traced) leaks from within Trump's administration, Axios reports details of a small Oval Office meeting with Trump raging at senior staff as they push back against his hawkish trade war position.

Seemingly frustrated at his senior staff's efforts to wage economic war against China, Trump lashed out at his new Chief of Staff General Kelly:

The following article by David Haggith is from The Great Recession Blog:

The establishment has eaten the White House, and yet I continue to read supporters of President Trump who desperately hold to the delusion that Trump  is playing a game of 4-D chess — a game so advanced that no one else on the face of the earth can understand that Trump is winning.

A week after the White House pushed out former chief strategist Steve Bannon, the Trump administration has lost another controversial staffer. The departee this week is Sebastian Gorka, a deputy assistant to the president and former Breitbart employee who was closely allied with the White House’s rapidly shrinking anti-globalist faction. News of Gorka’s resignation was first reported by the Federalist, and later confirmed by Axios and a host of other news outlets.

A week after declaring that he is “going to war” to try and save President Donald Trump’s agenda from being co-opted by Trump’s more moderate advisors, "Bannon the Barbarian" – who returned to his post as executive chairman of Breitbart almost immediately after leaving the administration – laid into his political enemies while fleshing out his plan for helping the Trump administration from the outside in greater detail during an interview with the Economist.

Global markets are stuck in a holding pattern with S&P futures up modestly after fluctuating overnight, as European and Asian shares rise with oil while the dollar has dipped lower ahead of the biggest central bank event of the year: the Fed's Jackson Hole symposium where Janet Yellen and Mario Draghi will speak at 10am and 3pm ET, respectively. Meanwhile, world stocks drifted toward their best week in six on Friday, as a near three-year high in emerging markets shares and a roaring rally in industrial metals bolstered the year’s global bull run.