“House Democrats have destroyed any chances of legislative progress for the people of this country by continuing to focus all their energy on partisan political attacks,” the White House press secretary, Stephanie Grisham, said in a statement Tuesday.
Apparently, Ms. Grisham is as good at nonsense as her predecessors. The Trump White House has done little legislatively in 2.5 years - a tax cut for corporations/the wealthy and a healthcare reform which failed...
4
This Ukraine mess obviously hurts Trump, but it hurts Biden, too, inasmuch as it resurrects his role as VP in Ukraine matters and his son's position at Burisma. That helps Elizabeth Warren, and financial market participants are scared to death of her. If Warren becomes President the markets will respond.
Don't bet on the impeachment having no effect on the stock market. The market is a forward-looking mechanism and impeaching Trump makes a Warren presidency more likely. And with Liz in the White House, Leon Cooperman will be right: a 25% drop...MINIMUM!
3
You can't rule out stupid or cruel when trying to project Trump's actions. He lies when the truth would better serve him. Lashes out when he's won. My fear is he'll try to take us all down with him. Barring that, the market probably just fluctuates as always.
2
There WILL be a feedback loop. If markets go up Trump will say they are great because they are rallying to his cause. If the markets go down Trump will say it's all the Dems fault for pursuing impeachment. If the markets stay the same Trump will say they would be going up but for the impeachment (and, of course, the Fed).
Next Question?
2
When it comes to what things mean for financial markets, nobody knows anything. Markets can be affected by anything that happens at any time anywhere in the world, from weather to politics to people's beliefs about how other people will respond to events, etc.
That's why predictions of what the market will do today, tomorrow, next year, or 10 minutes from now are just guesses. Yours, mine, and the dartboard all have an equal chance of coming true.
Worrying about one possible event is pointless.
3
“perhaps to try to redirect public attention.” What a laugh! Everything that guy does is to redirect and manipulate public attention! FYI, the sugar rush from pointless tax cuts and his puffy posturing on trade wars are likely to break the back of the current economic cycle. But he’ll probably blame everything on the impeachment (“it’s so unfair!”), because nothing is ever the fault of an egomaniac.
6
Understanding the rise and fall of the stock market has always been at least as much about behavioral analysis as it is about the actual underpinnings of the economy, in my opinion. Trump, with his tariffs and his outrageous attacks on the Fed's policy, however, has skewed it even more towards a behavior-influenced volatility. Hence we're in "uncharted waters" now with the economy and worried about a recession when we should be enjoying the windfall to pay off our national debt, among many other things.
I'd bet that, If anything, the stock-markets will actually rise, if we can somehow get the GOP to see that we'd all be better off without Trump and his demented behavior. All we really have to do is get rid of these senseless, ego-driven tariffs to give the nation the stability it craves right now. Even Pence would have the sense to make that happen. Trump? No. As everyone should know by now, he will ride the ego-train all the way to bankruptcy -- only this time it won't be another Trump Inc. failure -- it'll be ours.
17
No matter what the outcome of the impeachment debate it will have little long term effect in the economy.
That should be the last thing on our minds.
Continue impeachment proceedings re the alleged multi offending criminal Trump but only indict in the end if you have the support of the America people plus a well put together case which should be easy enough.
That is what is critical not any effect it will have on the economy.
History has taught us that.
6
trump is notorious for distracting focus from his failures. He will,
likely, try to create havoc to distract public attention from impeachment. his focus will be to create diversions that
permit GOP Senators to block conviction in the impeachment trial. might work, but will help keep him from being re-elected.
11
"... any moves driven by political headlines tend to be modest and short-lived. "
Unless, of course, this is not a short-lived political event, but the beginning of something bigger - something that will end in corporate executives and the wealthy having much less power to dictate what "our" government does and who's welfare it considers 1st. If that were the case, then markets might react negatively.
14