The Fed is easing ... "at a time when unemployment is below 4%, the U.S. economy is growing over 2%, and the stock market is at all-time highs."
Why, of course! ... MSM is reporting that Adam Schiff has 'declared war' on Mike Pence.
In order for any political system to operate successfully, most of the population must be willing to accept the outcomes that system produces. But now we have gotten to the point where a large portion of the population is ready to start burning things down if election results don’t go their way.
Alexander Hamilton: "The delicacy and magnitude of a trust which so deeply concerns the political reputation and existence of every man engaged in the administration of public affairs, speak for themselves. The difficulty of placing it rightly, in a government resting entirely on the basis of periodical elections, will as readily be perceived, when it is considered that the most conspicuous characters in it will, from that circumstance, be too often the leaders or the tools of the most cunning or the most numerous faction, and on this account, can hardly be expected to possess the requisite neutrality towards those whose conduct may be the subject of scrutiny."
The issue of Fed vs President is not going away – while the market broadly believes Powell’s and the Fed’s independence is sacrosanct, and Trump can’t sack him, it damages the credibility of the Presidency that Trump still tries to bully the Fed. But – critically - it shouldn’t have that much effect on markets, because we all know that’s just the way it is...
As more than likely the US government’s sole genuine Ukrainian expert, he should have become a source of viable options that the United States might exercise vis-à-vis its relationship with Ukraine, and, by extension, regarding Moscow’s involvement with Kiev.
If President Trump is impeached by the House, that will set off a chain of events that nobody is going to be able to control, and if the U.S. Senate ultimately decides to remove Trump from office, all hell will break loose in America. There are tens of millions of very loyal Trump supporters in this country, and many of them are extremely passionate. Simply impeaching Trump would represent a “breaking point” for many of them, and if Trump is actually removed from office by a Republican-controlled Senate it is inevitable that we would see a very frightening explosion of righteous anger, and at that point there wouldn’t be much of anything that could be done to calm them down.