US: Comey opens a window into the heart of Trump - AmpGFX

The big news yesterday was the testimony by Comey from the US while the USD and rates market were remarkable calm during the testimony that delivered plenty of salacious headlines over Comey’s interpretation of intimate conversations with President Trump explains the research team at Amplifying Global FX Capital.

Key Quotes

“The news media will be feeding on this junk-food like squabbling seagulls for weeks.  Comey basically characterized the President as a manipulative untrustworthy liar.  He has come out swinging since being fired and is hardly taking it on the chin.”

“This will not help the President get his policy agenda back on track and will only intensify, already intense, Congressional focus on Russian election meddling.”

“However, as damning is Comey’s testimony is on Trump’s character, and assessment that Trump tried to influence the FBI’s investigation into former National Security Advisor, Michael Flynn (i.e. have it stopped); Comey could not say he was directly asked to stop it.”

“Most would agree there is nothing here that could give clear cause for impeachment proceedings.  Trump also never clearly tried to discourage the FBI investigation into Russian election meddling or collusion with the Trump team, according to the Comey’s testimony.”

“Questions remain, such as why Trump wanted to protect Flynn so much as to make inappropriate requests of the FBI director.  But at the end of the day, most of Comey’s claims against Trump point more to a lack of experience in public office and a style of management that evolved from a history of calling the shots and getting his own way.  That Trump is liberal with facts and the truth is hardly news to anyone.”

“As such, the Comey testimony may ruffle a few feathers but level of political uncertainty in the USA should remain the same, albeit elevated….for now.”