We could simply copy and paste the headlines that pertain to the US/China trade deal or lack thereof. This is like living in the Twilight Zone with this constant and continual occurrence of yes there is a deal, to no, we have to increase tariffs, and rinse and repeat. Well it appears today that President Trump is ready to roll back 50% of the tariffs and cancel the upcoming tariffs that were scheduled for 15 December. What does the US get in return? We really have no idea. Possibly the Chinese will buy more ag products like soybeans and pork bellies. But that really just takes us back to where we were when this whole thing started. So what really has been accomplished? We also have early reporting that a Phase 2 deal will not commence until after the 2020 elections. So is this the end of trade headline optimism? Meaning, what are the markets going to look to so that they can “justify” climbing higher? Perhaps the Federal Reserve will come to the rescue and just flush the markets with liquidity like they’ve already been doing – just in a larger order. Time will tell, but if there really is a deal, early reporting is also stating that it will not be released for public review and President Xi will not be signing it. So there’s that.
UK elections look to keep PM Boris Johnson and his Conservative party in power and by a wide margin. Labour leader Jeremy Corbyn is expected to step down as the leader following the election results. What does this mean for Brexit? Will it finally happen? It appears by the voice and vote of the British people that Brexit must occur. After all, it’s only been 3 1/2 years and counting.
Here in the US, the House Judiciary Committee is expected to vote on impeachment tomorrow morning following a marathon day of amendment issues, debates, and committee procedural votes. The vote in the affirmative for impeachment is likely, thus setting the stage for a full House vote on impeachment for next week. This will then move the trial to the US Senate where Senate majority leader, Mitch McConnell, is already working closely with the White House on how to proceed. Does this make sense? A juror is working closely with the defendant. What could possibly go wrong? Stay diversified, stay vigilant, and stay with The Kapital News. #Trade #Economy #Impeachment #EndTheFed #Recession #Politics #Congress #Republic #Truth #Justice #Peace