Stocks rally through Trump’s impeachment as investors bet on a Clinton-like outcome

[TalkRadio_]

President Donald Trump was impeached Wednesday night by the House of Representatives, yet stocks are headed higher on Thursday, continuing a rally that’s ignored the political firestorm and instead focused on a trade deal with China and an economy that appears to be re-accelerating. In this way, Trump’s impeachment process is shaping up to reflect former President Bill Clinton’s, where stocks rallied, as opposed to former President Richard Nixon’s, where stocks fell.

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[Rightguide]

Americans are seeing through this political charade.

 

[Adre]

Americans are seeing through this political charade.

Sure. That’s why 72% of them want firsthand fact witnesses at the Senate trial. You’re just so full of shit.

 

[Rightguide]

Sure. That’s why 72% of them want firsthand fact witnesses at the Senate trial. You’re just so full of shit.

No, you're full of shit, as usual. No fact witnesses needed for the contempt of Congress charge which the SCOTUS just nullified by agreeing the President does have a right to bring a congressional subpoena to the courts for review. The alleged abuse of power isn't a high crime or misdemeanor.

 

[coati]

Americans are seeing through this political charade.

Nahhhh! The stock market doesn't give a shit about your alternate reality concepts of political "charades" and "hoaxes". The stock market has a very limited time horizon-- all it cares about is whether the bull market party will continue.

The stock market is where people of means put their money in order to earn more than the measly 1% they can get from banks because of artificially suppressed federal loan rates.

But the stock market and the banking system are a house of cards at this point. America will not fall to military might. It will fall to "loan sharks", because we continue to borrow from the future at a dizzying pace. Pumping more currency and fossil fuels into our economic system feels good in the short term, but eventually the party ends.

The next crash will be much more devastating than the one in 2008. There will be insufficient reserves of resources, foreign support, and political will for a bail-out. Trump and the Deplorable are squandering those reserves as rapidly as they can.