Links: Trump enraged at Mueller investigation

I have a lot of links on the Trump investigation. So I thought I would make a few comments.

First, this looks a lot like Ken Starr. That is, the investigation started as one thing and then alleged crimes were discovered elsewhere and pursued.

Second, the latest turn is very difficult for Trump because it means he has two different investigations against him. It’s now not just Mueller but also New York state which is investigating his associates.

Third, with the search warrant on Michael Cohen, the NY investigation is getting very close to the Trump Organization, a private company that has never been open to public scrutiny. Trump won’t even reveal his tax records. He cannot like this in the least.

Fourth, while the Cohen warrant is ostensibly related to the Stormy Daniels affair, it does potentially open the whole Trump Organization to discovery given Cohen’s key role in that organization. If the investigators find evidence of other crimes, they will feel compelled to pursue those tracks.

I see this turn of events as important.

PS: Since I am making comments, I want to flag the Op-Ed by the Democratic National Econmic Council Advisors. Their worries about public debt are unwarranted. The debt is a political issue, not an economic one. Japan tells you that. But the fact that they are writing that piece is significant, if only for political reasons.

Cheers,

Edward

NEC  Advisor Op-Ed

A debt crisis is coming. But don’t blame entitlements. – The Washington Post

Trump – Mueller

Inside the West Wing with Trump enraged – Axios

Feds Are Treating Michael Cohen Like a Mob Lawyer, Trump Allies Say

Feds Raid Office of Trump Lawyer Who Paid Off Stormy Daniels. This Is a Big Deal. – Reason.com

F.B.I. Raids Office of Trump’s Longtime Lawyer Michael Cohen – The New York Times

Michael Cohen: DOJ went great lengths to conduct raid on Trump lawyer – Business Insider

Opinion | Trump’s One-Night Stand Turns Into a Legal Nightmare – The New York Times

Mueller Investigating Ukrainian’s $150,000 Payment for a Trump Appearance – The New York Times

Politics

More on Trade and Other Wars | LinkedIn

Trump’s Trade War Threatens Central Bank `Put,’ Deutsche Says – Bloomberg

Trump’s real Syria policy is hypocrisy – The Washington Post

Viktor Orban victory in Hungary: German minister warns EU – BBC News

Exclusive: As elections near, many older, educated, white voters shift away from Trump’s party

In key Kentucky House race, healthcare anxieties loom large

Markets

Big Banks Find a Back Door to Finance Subprime Loans – WSJ

 

Exclusive: U.S. watchdog seeks record fine against Wells Fargo for abuses – sources

Bogle on stock turbulence: ‘never seen a market this volatile to this extent in my career’ – MarketWatch

Why stock-market investors shouldn’t expect China’s Xi to back down in trade battle – MarketWatch

Bad Omen for Markets From First Signs of Yield Curve Inversion – Bloomberg

Elsewhere

Euro bailout chief warns time is running out for reform

While the World Cracks Down, Japan Emerges as a Crypto Haven – Bloomberg

Why Trump’s online store collects sales tax in three states — while Amazon does for 45 states – The Washington Post

Facebook scandal: Who else has your data? – BBC News

GDPR and the End of the Internet’s Grand Bargain

A Miami Real-Estate Developer Readies for Flying Cars – WSJ

HBO boss: Netflix’s enormous TV spending is ‘irrational exuberance’ – Business Insider Deutschland

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