Iran

Iran Just Officially Ditched The Dollar

Following President Donald Trump’s ban on travelers from seven predominantly Muslim countries, the Iranian government announced it would stop using the U.S. dollar “as its currency of choice in its financial and foreign exchange reports,” the local Financial Tribune reported.

Trump Doubles Down: "Iran Has Been Formally Put On Notice"

"Iran has been formally PUT ON NOTICE for firing a ballistic missile.Should have been thankful for the terrible deal the U.S. made with them! Iran was on its last legs and ready to collapse until the U.S. came along and gave it a life-line in the form of the Iran Deal: $150 billion."

Frontrunning: February 2

  • Futures fall as Fed gives no clarity on next rate hike (Reuters)
  • Yellen Eyes Commercial Real-Estate Froth as Fed Weighs ’17 Risks (BBG)
  • Trump Slams ‘Dumb Deal’ With Ally Australia After Testy Call (BBG)
  • For Many Firms, Trump Dominates Earnings Calls (WSJ)
  • Trump’s Blue-Collar Populism Is Dividing Unions (BBG)

Is Trump Being Sabotaged By The Pentagon?

President Trump says he wants the US to have better relations with Russia and to halt military operations against Muslim countries. But he is being undermined by the Pentagon.

Gen. Flynn: "Today We Are Officially Putting Iran On Notice"

"As of today, we are officially putting Iran on notice," Flynn told a White House briefing, without explaining exactly what that meant, although it is clear that any more provocations by Iran and whatever existing deals Iran had with the Obama administration will almost certainly be revised if not torn up.

Can Trump Deliver?

"From the beginning my concern has been that Trump has no experience in the economic and foreign policy debates. He doesn’t know the issues or the players. But he knows two big things: the middle and working class are hurting, and conflict with Russia could result in thermo-nuclear war. My view is support him on these two most important of all issues."

The First Firestorm

But by whatever slurs they are called, Middle Americans seem prepared to fight. And history shows that such people do not calmly accept the loss of what is most precious to them - the country they grew up in, the country they love. They have turned to Trump to lead them. Ten days in, and already it is “Game On!”

Frontrunning: January 31

  • Trump Fires Acting Attorney General, Deepening U.S. Immigration Conflict (BBG)
  • Trump set to name U.S. high court pick as Democrats plan fight (Reuters)
  • Bonds Slump as Stocks Gain Favor (BBG)
  • Euro-Area Inflation Surges to 1.8%, Intensifying ECB Debate (BBG)
  • Trump Must Choose Between Farmers and ‘Big Meat’ (BBG)

Trump Administration Grants Waiver Allowing 872 Refugees Into The U.S.

Having backtracked on its proposal to ban green card holders from 7 mostly Muslim countries from entering the US, it now appears that the Trump admin has softened its stance regarding the admission of refugees, and according to Reuters, citing an internal DHS document, the U.S. government has granted waivers to let 872 refugees into the country this week.