I don't have anything new to say on Nunes. Here's what could matter. Are you watching the stock market? I watch it. Last Friday was ug-ly. Like, the way Trump refers to Ted Cruz's wife. And the futures this morning? They're still not lookin' so hot.
The one real bright spot in the first year of the Trump Presidency has been the stock market. (Well, I guess there have been no BRIGHT spots, if you get my meaning...) How much credit does Trump get? In my opinion, not much, given a) any credit he might get comes from the tax cut, which would happen under any GOP president, and b) stocks have been up around the world.
Stocks around the world are not doing so great either today.
How bad is it?
If you are an investor, and you should be an investor*, you shouldn't even be looking at this. I shouldn't be looking at this. Why do I do it? I'm obsessed, and I can't stop myself. I have a problem. I admit it. That's the first step. Second step? Um, oh, who cares? Anyway, one of two things happens. Either this turns out to be just a blip, and we continue to have a great market for a while, or... lack of goodness.
Remember that what ultimately matters in politics, and partisan electoral fortunes, is the economy. Not "messaging," or... "going to Wisconsin!" Raping teenage girls only barely matters in Alabama... Is a weird and sudden sell-off an omen that the economy is about to come crashing down?
There are two groups who should take a hit of what Devin Nunes is smoking: a) people with money in the market, and b) Republicans. Right now, this doesn't mean anything.
It is, however, what you should be watching. Nunes is the sideshow (Cheech & Chong, I believe). Economic data? They matter. (Yes, "they.")
*Put your money in a diversified, passively managed fund and leave it there.
