Imagine Watergate, but with Twitter as the playground – it’ll be that nasty
There will be long, gruelling hearings about Trump’s impeachment on Capitol Hill far into 2020
The release of the whistleblower complaint against Donald Trump is not a smoking howitzer, but it probably spells the end of the Trump presidency as we know it.
The coming months will be consumed by impeachment war on Capitol Hill. The Washington press corps will enter a feeding frenzy. Subpoenas will fly. The US will tear itself apart.
This has potent implications for financial markets and for the global geopolitical landscape. The poisonous atmosphere on Capitol Hill makes it even less likely that there will be any fiscal stimulus if the US economy slows further and drops to stall speed. It might, therefore, raise recession risk...