In case you are wondering whether the financial markets are going to get a break from all the chaos going on in Washington, here’s your answer.
It turns out Justice Department Inspector General Michael Horowitz didn’t take a dive in his investigation of the FBI handling of the Trump-Russia investigation.
In a Senate hearing yesterday (that cable stations decided not to cover), Horowitz said his investigation’s recommendation “was to refer the entire chain of command [of the FBI] … to the FBI and the [Justice] Department for consideration of how to assess and address their performance failures.”
That includes, he said, “senior officials.”
This is another way of saying there will be possible disciplinary actions and prosecutions. You can count on that.
Attorney General Bill Barr has already made it clear that he and US Attorney John Durham are going after people’s throats.
Stay alert. The financial markets are paying attention very closely to what’s going on and what effect it’ll have on the economy and, especially, trade talks with China.
If Trump is weakened by the impeachment process, he isn’t going to get a good deal with China.