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Past thread https://forums.sherdog.com/threads/trump-ukraine-v12-ic-nothing.4043325/
Today the peachmint hearings started. However, nobody really cared. It was super boring. The witnesses didn’t say anything interesting. Just more of the same ol’ bullshit from the usual suspects. How does this improve your life? Chances are it doesn’t. Most people probably didn’t even know it happened.
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Discuss
Today the peachmint hearings started. However, nobody really cared. It was super boring. The witnesses didn’t say anything interesting. Just more of the same ol’ bullshit from the usual suspects. How does this improve your life? Chances are it doesn’t. Most people probably didn’t even know it happened.
Select Articles:
Democrats drew some significant new blood on the first day of public impeachment hearings... Markets didn’t care at all, drifting higher in the afternoon after overcoming some unpleasant headlines about hiccups in the path to a Phase One China deal. MM asked investment pros if and when Wall Street will ever care about DC’s great obsession.
RSM US chief economist Joseph Brusuelas: “I do not think that there is any material impact on the markets or the economy from impeachment. Given where the public is and the small probability of conviction in the Senate there is at this time little risk to the outlook…”
“One potential transmission channel would be via a broad decline in financial conditions linked to instability in the political sector. If there should be a major shift in public opinion and the opinion of potential jurors in the U.S. Senate that is where economists, financial professionals and market actors would first look for stress…”
Cumberland’s David Kotok: “The markets see the impeachment process as a pure political ploy. So the metaphor is Clinton, not Nixon. Hence no market reaction to impeachment proceedings. So far, this is not a Nixon type story.”
RSM US chief economist Joseph Brusuelas: “I do not think that there is any material impact on the markets or the economy from impeachment. Given where the public is and the small probability of conviction in the Senate there is at this time little risk to the outlook…”
“One potential transmission channel would be via a broad decline in financial conditions linked to instability in the political sector. If there should be a major shift in public opinion and the opinion of potential jurors in the U.S. Senate that is where economists, financial professionals and market actors would first look for stress…”
Cumberland’s David Kotok: “The markets see the impeachment process as a pure political ploy. So the metaphor is Clinton, not Nixon. Hence no market reaction to impeachment proceedings. So far, this is not a Nixon type story.”
Discuss
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