Authored by Mike Krieger via Liberty Blitzkrieg blog,
The unanimous very smart person take on Trump’s firing of James Comey is that it’s a political disaster which will lead to total ruin and possibly his impeachment. I disagree.
The mainstream media has billed former FBI Director James Comey’s testimony before the Senate Intelligence Committee as the political equivalent of the Superbowl.
With millions of American and international viewers expected to tune in, Bloomberg reports that Trump will be monitoring Comey’s testimony from a White House dining room with his legal team and his closest advisers by his side.
With Gulf tensions still rising, and culminating with last night's report on Arabia CNN that Qatar has put its armed forces on the highest military preparedness level, the small nation may be preparing to unveil its "Eastern pivot": moments ago Russia's RIA news agency reported that the Qatari foreign minister Sheikh Mohammed bin Abdulrahman bin Jassim Al-Thani will Visit Moscow on Saturday where he will hold talks with Russian Foreign Minister Sergei Lavrov.
So far "Triple Threat Thursday" has been a dud. In the day with the greatest concentration of market-moving risk events so far in 2017, market action - at least for the time being - has been a whimper, with European stocks and US futures modestly higher ahead of the ECB’s rate decision and Comey's testimony (which has now been fully publicized, removing much of the risk), as the U.K. voting is underway. Asian stocks fell led by a decline in Japan as the yen first strengthened, only to tumble later in the session.
Ahead of tomorrow's much-anticipated testimony, former FBI Director James Comey has released his prepared remarks.
Comey make no accusations but he does outline how he had concerns with some of President Trump's behavior - although he makes it clear that Trump never ordered him to do anything - specifically the president's intent with requests for "loyalty" and repeated direct outreach to Comey. Speaking through Sessions, Comey asked that Trump's outreach stop as it made him "uncomfortable."