Jeff Sessions wants the Trumpster’s blessing. Jeff screwed up when he told Trump he didn’t want to get involved in the Mueller investigation. Trump called Mr. Sessions a “total joke” when he was attorney general. But other people called Jeff a racist and the person responsible for separating immigrant children from their parents on the Southern border.
Mr. Sessions told Fox News he would do almost anything Trump wants to earn his support. But Trump sent a clear message to Jeff when he attended the Alabama-LSU game with Bradley Byrne, another Republican running for the Session’s old seat.
Mike Pompeo is neck-deep in Trump’s Ukraine swamp. Bill Taylor told Congress Mike knew Trump wanted Zelensky to open a Biden investigation before the July 25th Zelensky phone conversation. In fact, Mick Mulvaney, Mike Pence, Bill Barr, and Rudy Giuliani helped the president withhold military aid from Zelensky until he pledged to reopen an investigation that would bring down Joe Biden.
Bill Barr claims he didn’t know Pompeo let Giuliani run a rogue State Department in Ukraine even though the Trumpster told Zelensky to call Barr if he needed any help screwing Biden. Most members of Trump’s inner circle knew Trump’s mobster-style plan. But John Bolton didn’t want to be part of the Trump strong-arm plan, according to Bill Taylor.
Jay Powell made investors nervous when he told a group of bankers another rate cut in 2019 is off the table. That news and the fact Trump’s phase one deal was never a deal in the first place sent investors running to the precious metal market. Mr. Powell also said the low unemployment and low inflation rate indicates the economy is good, but not great. Fed Board members want to see what Trump does now that a signed trade deal won’t happen in 2019.
Even though Powell claims the economy is in good shape, there are signs the economy has issues. Business investment dried up when Trump’s tax cut imploded. And consumer confidence hit a snag when Trump said he would put additional tariffs on EU-made products. Even the head of Europe’s Central Bank claims Trump’s tariffs could help create a 2020 global meltdown. Germany is in recession mode now, and the UK is on the cusp of a recession.
Fidelity Investments thinks baby boomers have too much invested in the stock market. Fidelity wants boomers to change their retirement plans. The bank believes the 10-year bull market could turn bear quickly if there’s no trade deal and Trump continues to mess with the global economy.
Dil Bole Oberoi
