Trump says impeachment could hurt the boom. But he’s hurting it already
by Guardian Staff from on (#3XGXE)
The president's remarks overlook the fact that his tax cuts and protectionism destabilise the very bull market he boasts about
Impeach me and the stock market gets it. There were unmistakable echoes of a mob boss in a gangster movie when Donald Trump insisted that any such action against him would bring an abrupt end to what is now the longest bull market in history.
It is a sign of a backs-to-the-wall mentality at the White House that Trump felt the need to lash out in this way. Presidents usually go out of their way to avoid saying anything that might give Wall Street cause for concern. Not this one. The market would crash, Trump said. Everyone would be very poor.
Continue reading...